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Imperfect Macroeconomic Expectations : Evidence and Theory

Angeletos, George-Marios - 2020

. Instead, the evidence favors the combination of dispersed, noisy information and over-extrapolation …

Persistent link: https://www.econbiz.de/10012481502

Nonparametric Identification and Estimation in a Generalized Roy Model

Bayer, Patrick - 2008

This paper considers nonparametric identification and estimation of a generalized Roy model that includes a non-pecuniary component of utility associated with each choice alternative. Previous work has found that, without parametric restrictions or the availability of covariates, all of the...

Persistent link: https://www.econbiz.de/10012464700

Behavioral Economics in Education Market Design : A Forward-Looking Review

Rees-Jones, Alex; Shorrer, Ran - National Bureau of Economic Research - 2023

The rational-choice framework for modeling matching markets has been tremendously useful in guiding the design of school-assignment systems. Despite this success, a large body of work documents deviations from the predictions of this framework that appear influenced by behavioral-economic...

Persistent link: https://www.econbiz.de/10014226170

Superiority-Seeking and the Preference for Exclusion

Imas, Alex; Madarász, Kristóf - National Bureau of Economic Research - 2022

We propose that a person's desire to consume an object or possess an attribute increases in how much others want but cannot have it. We term this motive superiority-seeking, and show that it generates preferences for exclusion that help explain a host of market anomalies and make novel...

Persistent link: https://www.econbiz.de/10013361988

Specific Information, General Information, and Employment Matches Under Uncertainty

Viscusi, W. Kip - 1979

Employment matches under uncertainty are typically accompanied by opportunities for information acquisition. Workers … can acquire specific information about productivity lotteries at the firm or general information affecting their … probabilistic beliefs about work elsewhere. Enterprises can acquire specific information concerning the productivity of a particular …

Persistent link: https://www.econbiz.de/10012478753

How Elastic Are Preferences for Redistribution? Evidence from Randomized Survey Experiments

Kuziemko, Ilyana - 2013

We develop online survey experiments to analyze how information about inequality and taxes affects preferences for … redistribution. Approximately 4,000 respondents were randomized into treatments providing interactive, customized information on U …

Persistent link: https://www.econbiz.de/10012459796

Small Cues Change Savings Choices

Choi, James J. - 2012

In randomized field experiments, we embedded one- to two-sentence anchoring, goal-setting, or savings threshold cues in emails to employees about their 401(k) savings plan. We find that anchors increase or decrease 401(k) contribution rates by up to 1.9% of income. A high savings goal example...

Persistent link: https://www.econbiz.de/10012460815

Information, Trading and Stock Returns : Lessons from Dually-Listed Securities

Chan, K.C. - 1994

-day patterns for these stocks are remarkably similar even though the public information flows differ markedly across these stocks … markets reacting to the overnight accumulation of public information which is greatest for Japanese stock and smallest for …

Persistent link: https://www.econbiz.de/10012474182

Information and Economic Efficiency

Arnott, Richard - 1993

Is an economy with adverse selection, moral hazard, or an incomplete set of risk markets "constrained" Pareto efficient? There are two sets of papers addressing this question, one asserting that, under seemingly quite general conditions, the economy is constrained Pareto efficient, the other (to...

Persistent link: https://www.econbiz.de/10012474409

Equilibrium Unemployment as a Worker Screening Device

Nalebuff, Barry - 1993

We present a model of the labor market with asymmetric information in which the equilibrium of the' market generates …

Persistent link: https://www.econbiz.de/10012474599

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