Showing 1 - 10 of 44
<title>Abstract</title> Economists have become interested in the behavior of random processes with positive feedback but have sometimes found it difficult to introduce students to this research. Simulation of the law of large numbers with increasing amounts of feedback provides a convenient framework for such...
Persistent link: https://www.econbiz.de/10010974950
Not enough is known about the responsiveness of individuals, in particular those who tend to work under different incentives, to changes in marginal tax rates. We ask whether changes in marginal tax rates are less distortionary for workers engaged in a contest. To examine this potential...
Persistent link: https://www.econbiz.de/10010886142
There has been little systematic study of the mechanisms typically used to raise money for charity. One of the most common is the simple raffle in which participants purchase chances to win a prize at a constant price. We conduct a field experiment randomly assigning participants to four raffle...
Persistent link: https://www.econbiz.de/10011214026
Persistent link: https://www.econbiz.de/10005216879
Persistent link: https://www.econbiz.de/10010550154
The paper revisits the work of Sommers and Suits on net interstate migration in the USA. Adopting the same framework, consideration is given to the effects of differences in income, welfare expenditures, employment opportunities and 'regional preferences' on the behaviour of migrants in the...
Persistent link: https://www.econbiz.de/10009202932
Auctions are a popular way to raise money for charities, but relatively little is known, either theoretically or empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should garner more money than winner-pay auctions. We conduct...
Persistent link: https://www.econbiz.de/10005762357
In many environments, tournaments can elicit more effort from workers, except perhaps when workers can sabotage each other. Because it is hard to separate effort, ability and output in many real workplace settings, the empirical evidence on the incentive effect of tournaments is thin. There is...
Persistent link: https://www.econbiz.de/10005703722
The enforcement of social norms often requires that unaffected third parties sanction offenders. Given the renewed interest of economists in norms, the literature on third party punishment is surprisingly thin, however. In this paper, we report on the results of an experiment designed to...
Persistent link: https://www.econbiz.de/10005822220
We define social reciprocity as the act of demonstrating one's disapproval, at some personal cost, for the violation of widely-held norms (e.g., don't free ride). Social reciprocity differs from standard notions of reciprocity because social reciprocators intervene whenever a norm is violated...
Persistent link: https://www.econbiz.de/10005823004