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The first essay “Informational Asymmetries in Laboratory Asset Markets with State-Dependent Fundamentals” investigates the formation of market prices in a new experimental setting involving multi-period call-auction asset markets. In this paper, we are particularly interested in two...
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Considerable experimental evidence shows that although costly peer-punishment enhances cooperation in repeated public-good games, heavy punishment in early rounds leads to average period payoffs below the non-cooperative equilibrium benchmark. In an environment where past payoffs determine...
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Traditional gender norms that assume gendered household resource allocation are persistent. What happens when society …-wide gender norms begin to change by the media influence? Collecting all feminism-related newspaper articles in the past 10 years … media's impact from nationally common trends toward gender equality. We provide evidence that an explosive increase in …
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Understanding what motivates discrimination is of importance to economists and social scientists in general. In this paper, the authors address whether the taste to discriminate against outsiders is related to social norms. Recent studies have shown various different types of economic behaviour...
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in the projects represent allocation settings, where some active individuals decide about how resources are allocated …
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