) there is strong evidence in our data for the declining price anomaly, or "afternoon effect". -- Art auctions ; masterpiece … effect ; declining price anomaly ; Latin American art … investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the …

, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time … of natural selection are made weaker because trade allows people to specialize in those activities where they are strong … alleles at all locations. Under trade, there exist long-run equilibria where less fit individuals are able to achieve the same …

paper I illustrate their long-term consequences. I first consider the influence of the slave trade on the "sending … consequences of the slave trade on the "receiving" countries in the Americas. Here I distinguish between the case of Latin America …

Islam and Islamic institutions played in political-economy outcomes and in the "long divergence" between the Middle East and …

This study investigates the access to and usage of financial services in South Africa. Financial services are … the interactions between usage of different types of financial services, we use multivariate simultaneous probit … specification to examine the effect of financial perception. Our results suggests that after controlling for endogeneity of choices …

In this study, we present a state-of-the-art scenario experiment which, for the first time in the literature, directly … with body art are perceived as less pleasant to work with, less honest, less emotionally stable, less agreeable, less … conscientious and less manageable. This goes hand in hand with lower hireability for men with body art but not for women. Compared …

This paper takes advantage of a natural experiment to examine the relationship between the price and saliency of health …

evidence that trade unions may have protected their members against adverse job outcomes. -- job values ; job outcomes ; job …

Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for …, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part of their budget, subjects …