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Living in two neighborhoods : social interactions in the LAB

Falk, Armin; Fischbacher, Urs; Gächter, Simon - 2003

Field evidence suggests that agents belonging to the same group tend to behave similarly, i.e., behavior exhibits social interaction effects. Testing for such effects raises severe identification problems. We conduct an experiment that avoids these problems. The main design feature is that each...

Persistent link: https://www.econbiz.de/10001771994

A theory of reciprocity

Falk, Armin; Fischbacher, Urs - 2001

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind … ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also … the intention underlying this action. The theory explains the relevant stylized facts of a wide range of experimental …

Persistent link: https://www.econbiz.de/10001590591

Simulation and estimation of hedonic models

Heckman, James J.; Matzkin, Rosa L.; Nesheim, Lars - 2003

Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...

Persistent link: https://www.econbiz.de/10001784247

Identification and estimation of hedonic models

Ekeland, Ivar; Heckman, James J.; Nesheim, Lars - 2003

This paper considers the identification and estimation of hedonic models. We establish that in an additive version of the hedonic model, technology and preferences are generically identified up to affine transformations from data on demand and supply in a single hedonic market. For a very...

Persistent link: https://www.econbiz.de/10001870920

Reputation or reciprocity? : an experimental investigation

Gächter, Simon; Falk, Armin - 2001

Recent evidence highlights the importance of social norms in many economic relations. However, many of these relationships are long-term and provide repeated game incentives for performance. We experimentally investigate interaction effects of reciprocity and repeated game incentives in two...

Persistent link: https://www.econbiz.de/10001601292

The identification & economic content of ordered choice models with stochastic thresholds

Heckman, James J.; Cunha, Flávio; Navarro, Salvador - 2007

This paper extends the widely used ordered choice model by introducing stochastic thresholds and interval-specific outcomes. The model can be interpreted as a general- ization of the GAFT (MPH) framework for discrete duration data that jointly models durations and outcomes associated with...

Persistent link: https://www.econbiz.de/10003869838

Instrumental variables in models with multiple outcomes : the general unordered case

Heckman, James J.; Urzua, Sergio; Vytlacil, Edward - 2008

This paper develops the method of local instrumental variables for models with multiple, unordered treatments when treatment choice is determined by a nonparametric version of the multinomial choice model. Responses to interventions are permitted to be heterogeneous in a general way and agents...

Persistent link: https://www.econbiz.de/10003870351

Identification of treatment effects using control functions in models with continuous, endogenous treatment and heterogeneous effects

Florensy, J. P.; Heckman, James J.; Meghirxand, C.; … - 2008

We use the control function approach to identify the average treatment effect and the effect of treatment on the treated in models with a continuous endogenous regressor whose impact is heterogeneous. We assume a stochastic polynomial restriction on the form of the heterogeneity but, unlike...

Persistent link: https://www.econbiz.de/10003870354

Gender differences in risk aversion and ambiguity aversion

Borghans, Lex; Golsteyn, Bart H. H.; Heckman, James J.; … - 2009

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...

Persistent link: https://www.econbiz.de/10003870403

The economics & psychology of inequality and human development

Cunha, Flávio; Heckman, James J. - 2009

Recent research on the economics of human development deepens understanding of the origins of inequality and excellence. It draws on and contributes to personality psychology and the psychology of human development. Inequalities in family environments and investments in children are substantial....

Persistent link: https://www.econbiz.de/10003870405