increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …

period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …

-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred …

interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …

reasonably approximate real-life decision makers? behavior. Testing this theory with field data is difficult since typically …

-randomized studies do possess ideal properties in theory, but in practice, grouprandomization might not be a feasible alternative at all …