Multiple economic experiments suggest that the moral context of consumption and/or production influences willingness-to-pay and willingness-to-accept. Precisely how this influence should be modeled from a theoretical perspective, however, remains understudied. The prevailing view is that moral...

Conventional two-sided matching game is a one-period game. In this note, we contribute to the existing literature by examining a multi-period two-sided matching problem allowing for the possibility of a divorce. We assume that the matching game is played repeatedly and the payoff matrix changes...

A contest model is constructed to examine the existence of conference bias in college basketball's Ratings Percentage Index (RPI). Though a general RPI bias has been identified in previous literature, this is the first study to address whether the bias is random or systematic in nature. Within...

Recent literature has shown that the magnitude of behavioral heterogeneity of a population has an impact on the structure of mean demand. This paper investigates the effect of aggregation on the magnitude of behavioral heterogeneity if we aggregate disjoint subpopulations. Using the Hildenbrand...

This note describes the effects on human capital formation of rank-order tournaments offering identical prizes to a given number of the ranked contestants. This compensation scheme is thought to resemble the selection processes in different areas of the public administration, particularly in...

A ranking over opportunity sets is justifiable if there exists a binary relation on the set of alternatives, such that one opportunity set is at least as good as the second, if and only if there exists at least one alternative in the first set which is at least as good as any alternative of the...

A frequently observed phenomenon in professional sports is apparent underpricing of tickets. The concept of social identity may explain this pricing behavior without giving up the assumption of profit-maximizing behavior. Repeated match attendance increases spectators' identification with the...

A frequently observed phenomenon in professional sports is apparent underpricing of tickets. The concept of social identity may explain this pricing behavior without giving up the assumption of profit-maximizing behavior. Repeated match attendance increases spectators' identification with the...

To extend the empirical research on Gibrat's law in developing countries, this article uses a linear-in-means model to test how inter-firm interactions can affect the growth of small manufacturing firms in Tunisia. More specifically, we distinguish between the effects of own firm's...