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The Demand for Bad Policy When Voters Underappreciate Equilibrium Effects

Dal Bo, Ernesto - 2016

Although most of the political-economy literature blames inefficient policies on institutions or politicians' motives to supply bad policy, voters may themselves be partially responsible by demanding bad policy. In this paper, we posit that voters may systematically err when assessing potential...

Persistent link: https://www.econbiz.de/10012977628

Starting Small : Endogenous Stakes and Rational Cooperation

Andreoni, James - 2016

We report experimental results for a twice-played prisoners' dilemma in which the players can choose the allocation of the stakes across the two periods. Our point of departure is the assumption that some (but not all) people are principled to “do the right thing,” or cooperate, as long as...

Persistent link: https://www.econbiz.de/10012999993

Friend or Foe? A Natural Experiment of the Prisoner's Dilemma

List, John A. - 2010

This study examines data drawn from the game show Friend or Foe?, which is similar to the classic prisoner%u2019s dilemma tale: partnerships are endogenously determined, players work together to earn money, after which, they play a one-shot prisoner%u2019s dilemma game over large stakes: varying...

Persistent link: https://www.econbiz.de/10012761706

Collective Action : Experimental Evidence

Anauati, Maria Victoria - 2015

increases. The experiment also points to new avenues for refining the theory. We find that, as the payoff of a successful …

Persistent link: https://www.econbiz.de/10013028558

Punishment and Cooperation in Stochastic Social Dilemmas

Xiao, Erte; Kunreuther, Howard - 2021

Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...

Persistent link: https://www.econbiz.de/10013224395

Deterministic and Stochastic Prisoner'S Dilemma Games : Experiments in Interdependent Security

Kunreuther, Howard; Silvasi, Gabriel; Bradlow, Eric; … - 2021

This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...

Persistent link: https://www.econbiz.de/10013224436

Price Elasticities of Pharmaceuticals in a Value-Based-Formulary Setting

Yeung, Kai - 2016

pharmaceuticals, are deemed to be price inelastic with price elasticities of demand (PED) close to -0.20. However, most studies of PED … designed based on drug-specific incremental cost-effectiveness ratios, we estimate price elasticities of pharmaceuticals within … produce positive welfare effects. We estimate an overall PED for pharmaceuticals to be -0.16, close to the estimate of RAND …

Persistent link: https://www.econbiz.de/10012989727

The Children of the Missed Pill

Rau, Tomás - 2017

We use sharp, massive and unexpected price increases of oral contraceptives—product of a documented case of collusion among pharmaceutical retailers in Chile—as a natural experiment to estimate the impact of access to the Pill on fertility and newborn health. Our empirical strategy combines...

Persistent link: https://www.econbiz.de/10012946020

The Rand Health Insurance Experiment, Three Decades Later

Aron-Dine, Aviva - 2012

We re-present and re-examine the analysis from the famous RAND Health Insurance Experiment from the 1970s on the impact of consumer cost sharing in health insurance on medical spending. We begin by summarizing the experiment and its core findings in a manner that would be standard in the current...

Persistent link: https://www.econbiz.de/10013096134

The Rise of For-Profit Experimental Medicine

Azoulay, Pierre; Fishman, Ariel - 2021

Beginning around 1990, academic medical centers have ceased to be the primary locus of industry-sponsored clinical trial activity. Instead, clinical trials have increasingly been conducted in private practices and for-profit, dedicated study sites. We examine the underlying causes of this...

Persistent link: https://www.econbiz.de/10013310203