Showing 1 - 10 of 1,468
We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...
Persistent link: https://www.econbiz.de/10013426341
Using a collective model of consumption, we characterize optimal commodity taxes aimed at targeting specific …
Persistent link: https://www.econbiz.de/10010278460
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 …
Persistent link: https://www.econbiz.de/10010261622
investigate how reputation concerns among governors influence the decision to experiment with welfare policies. In line with a … to experiment with welfare policies than governors with low reputation. Yet, governors with high reputation who are less … concerned about reelection actually experiment more than governors striving for reelection. Overall, our findings imply that …
Persistent link: https://www.econbiz.de/10011307323
-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 …
Persistent link: https://www.econbiz.de/10010261943
interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …
Persistent link: https://www.econbiz.de/10010262127
reasonably approximate real-life decision makers? behavior. Testing this theory with field data is difficult since typically …
Persistent link: https://www.econbiz.de/10010262147
Since interventions by the public sector generally commit substantial societal resources, the evaluation of effects and costs of policy interventions is imperative. This paper outlines why program evaluation should follow well-respected scientific standards and why it should be performed by...
Persistent link: https://www.econbiz.de/10010262297
Money illusion means that people behave differently when the same objective situation is represented in nominal terms rather than in real terms. This paper shows that seemingly innocuous differences in payoff representation cause pronounced differences in nominal price inertia indicating the...
Persistent link: https://www.econbiz.de/10010262382
-randomized studies do possess ideal properties in theory, but in practice, grouprandomization might not be a feasible alternative at all …
Persistent link: https://www.econbiz.de/10010262412