In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We … document this correlation, and present a model explaining it. In the model, distrust creates public demand for regulation …, while regulation in turn discourages social capital accumulation, leading to multiple equilibria. A key implication of the …

literature is that market experience is endogenous. This study presents a framed field experiment that exogenously induces market …

design an experiment that treats the two goods (a mug and a pen) symmetrically in all but in the probabilities with which … they are expected to be owned. Thus, our "endowmentless" endowment effect experiment shuts down all alternative mechanisms …

fairness. We corroborate the interpretation of our findings with a choice experiment of a costly decision to donate money to a …

We explore workers' valuation of job flexibility, using a field experiment conducted on a Chinese job board. Our … evidence is informative about job seekers' willingness to pay for flexible jobs of the types offered in the experiment, and …