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Academic experts frequently recommend policies and treatments. But how well do they anticipate the impact of different treatments? And how do their predictions compare to the predictions of non-experts? We analyze how 208 experts forecast the results of 15 treatments involving monetary and...
Persistent link: https://www.econbiz.de/10012456113
evaluation modes, in which stated economic values critically depend on whether the good is valued jointly with others or in …
Persistent link: https://www.econbiz.de/10012462616
Criteria for evaluating school choice mechanisms are first, whether truth-telling is sometimes punished and second, how efficient the match is. With common knowledge preferences, Deferred Acceptance (DA) dominates the Boston mechanism by the first criterion and is ambiguously ranked by the...
Persistent link: https://www.econbiz.de/10012464029
We conduct a laboratory experiment to examine how third-party ratings impact charity choice and donative behavior …
Persistent link: https://www.econbiz.de/10012458483
effects of fake reviews on individual demand and welfare. We conduct an incentive-compatible online experiment with a …
Persistent link: https://www.econbiz.de/10014436967
experiment. These sources can include previous experiments, expert opinions, or the experimenter's own introspection. We … wrong treatment when deciding to stop the experiment, and the average rewards. We show that our framework exhibits several …
Persistent link: https://www.econbiz.de/10012938725
Many governments have engaged in policy experimentation in various forms to resolve uncertainty and facilitate learning. However, little is understood about the characteristics of policy experimentation, and how the structure of experimentation may affect policy learning and policy outcomes. We...
Persistent link: https://www.econbiz.de/10012660080
For several decades now a debate has raged about policy-making by litigation. Spurred by the way in which tobacco, environmental, and other litigation has functioned as an alternative form of regulation, the debate asks whether policy-making or regulation by litigation is more or less socially...
Persistent link: https://www.econbiz.de/10012463372
This paper traces the shifts in treatments of intermediate groups among some liberal and democratic political theorists in the 18th and 19th centuries. The decades of the late 18th and early 19th centuries are traditionally understood to encompass the emergence of fully liberal political and...
Persistent link: https://www.econbiz.de/10012457413
have shaped macroeconomic policy analysis are the Lucas critique of policy evaluation due to Robert Lucas, the time …
Persistent link: https://www.econbiz.de/10012466188