In this paper, we report the results of two experiments, each comprising two designs (a prisoner dilemma and a third party punishment; Fehr et al. 2004). The experiments were conducted with a sample of university students and a sample of Camorra prison inmates, both coming from the same Italian...

This study evaluates the reaction of exchange market, in a macroeconomic point of view, with new information came from the change of regime from fixed to floating in local currencies in Brazil, Argentina and Mexico. So, we used the method RMS (Root Mean Square), which estimates the Hurst...

This letter calls attention a recent trend in economics publishing that seems to have slipped under the radar: large increases in submissions rates across a wide range of economics journals and steeply declining acceptance rates as a consequence. It is argued that this is bad for scholarly...

Does the procedure of entitlement affect fairness perceptions? We use a dictator game to study the question in mixed gender pairs. In our experiments, we vary the process of entitlement across treatments. Allocators in our dictator game can inherit an amount without any effort, earn an amount...

This paper models the midlife crisis as a decision on whether and when to realize a life dream, incorporating the key components of three psychology theories of midlife crises. It explains why a crisis (dream realization) tends to occur in the midlife if it occurs at all. Other results include...

This paper illustrates both analytically and empirically that stochastic long-memory in economic growth arises due to the presence of a long-memory in population growth. Specifically, we show that the long-run conditional mean and variances of economic growth are functions of stochastic...

This article addresses the recent beef price spikes in Turkey, using contemporary time-series analysis. The arguments point to the impact of low milk prices that led to liquidation of dairy herds and decline of beef prices initially due to the liquidation and increased meat supply, and...

We prove existence of equilibria in bipartite social games, where players choose both a strategy in a game and a partner with whom to play the game. Such social games generalize the well-known marriage problem where players choose partners but do not take actions subsequent to matching.

By examining disaggregate state-level data, we address two weaknesses of prior estimates of economic voting models in U.S. Presidential elections. First, our disaggregate approach substantially improves statistical power, thus reducing the danger of “over- fitting.” Second, our analysis...

This study uses comprehensive panel data to determine the effect of publications on the salaries of full-time economics faculty in nine midwestern universities. The data set allows us to control not only the volume but also the quality of publications. Recent developments in the ISI-Web of...