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The empirical evidence on the existence of social preferences-or lack thereof-is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in a...
Persistent link: https://www.econbiz.de/10014333770
Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a population's distributional preferences and to...
Persistent link: https://www.econbiz.de/10014417651
The empirical evidence on the existence of social preferences-or lack thereof-is predominantly based on student samples. Yet, knowledge about whether these findings can be extended to the general population is still scarce. In this paper, we compare the distribution of social preferences in a...
Persistent link: https://www.econbiz.de/10014468191
The purpose of this paper is to answer the three questions in the title. Using a large monthly survey of businesses, we investigate the inflation expectations and uncertainties of firms. We document that, in the aggregate, firm inflation expectations are very similar to the predictions of...
Persistent link: https://www.econbiz.de/10011310196
The purpose of this paper is to answer the three questions in the title. Using a large monthly survey of businesses, we investigate the inflation expectations and uncertainties of firms. We document that, in the aggregate, firm inflation expectations are very similar to the predictions of...
Persistent link: https://www.econbiz.de/10011310197
We study whether employment history can provide information about a worker's noncognitive skills - in particular about "work attitude", or the ability to work well and cooperatively with others. Our hypothesis is that, holding all else equal, a worker's frequent job changes can indicate poorer...
Persistent link: https://www.econbiz.de/10011420566
The classical price competition model (named after Bertrand), prescribes that in equilibrium prices are equal to marginal costs. Moreover, prices do not depend on the number of competitors. Since this outcome is not in line with real-life observations, it is known as the Bertrand Paradox. Many...
Persistent link: https://www.econbiz.de/10010321769
We study both theoretically and experimentally the set of Nash equilibria of a classical one-dimensional election game with two candidates. These candidates are interested in power and ideology, but their weights on these two motives are not necessarily identical. Apart from obtaining the well...
Persistent link: https://www.econbiz.de/10010368158
We study whether employment history can provide information about a worker's non-cognitive skills - in particular, about "work attitude", or the ability to work well and cooperatively with others. We conjecture that, holding all else equal, a worker's frequent job changes can indicate poorer...
Persistent link: https://www.econbiz.de/10011663173
Conceptual priming has become an increasingly popular tool in economics. Here, we review the literature that uses priming in incentivized experiments to study economic questions. We mainly focus on the role of social identity, culture, and norms in shaping preferences and behavior. We also...
Persistent link: https://www.econbiz.de/10011663185