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I examine the circumstances under which a sophisticated time-inconsistent decisionmaker (i) will not or (ii) need not severely miscoordinate her behavior across time, in the sense of following a course of action which fails to be Pareto-optimal for the sequence of temporal selves of the...
Persistent link: https://www.econbiz.de/10010478990
The author's goal in this article is to estimate the causal effect of unionization on institutional decision-making, using a national survey of presidents and faculty senate leaders to measure the level of shared governance at 341 public universities in 15 different areas. To handle the...
Persistent link: https://www.econbiz.de/10013071674
The goal of this paper is to estimate the causal effect of unionization on institutional decision-making. We use a national survey of presidents and faculty senate leaders to measure the level of shared governance at 341 public universities in fifteen different areas. To address the endogeneity...
Persistent link: https://www.econbiz.de/10014189301
The analysis in Galperti and Strulovici (2017) relies on two axioms that appear normatively and descriptively very appealing. Notably, these two axioms, taken together with some standard axioms, imply a failure of dynamic consistency. The current comment argues that the two axioms are less...
Persistent link: https://www.econbiz.de/10012417563
We study optimal testing to inform quarantine decisions for a population exhibiting a heterogeneous probability of carrying a pathogen. Because test supply is limited, the planner may choose to test a pooled sample, which contains the specimens of multiple individuals (Dorfman, 1943). We...
Persistent link: https://www.econbiz.de/10013223197
We develop a theoretical model to study the welfare effects of libertarian paternalism on information acquisition, social learning, and financial decision-making. Individuals in our model are permitted to appreciate and use the information content in the default options set by a social planner....
Persistent link: https://www.econbiz.de/10013146853
This paper emphasizes the different nature of cross border liberalization in network related services, such as telecoms, compared to liberalization in goods. In the presence of network externalities, it argues that if two disjoint country service networks involving a small and large country are...
Persistent link: https://www.econbiz.de/10014215994
This article analyzes a technology adoption process in which the effect of informational spillover interacts with network externalities. The interplay of informational externalities and payoff interdependency induces risk-averse and clustering behavior in the technology-adoption process. The...
Persistent link: https://www.econbiz.de/10014060316
We study optimal testing to inform quarantine decisions for a population exhibiting a heterogeneous probability of carrying a pathogen. Because test supply is limited, the planner may choose to test a pooled sample, which contains the specimens of multiple individuals (Dorfman, 1943). We...
Persistent link: https://www.econbiz.de/10014095724
This draft PhD thesis analyzes four issues in the research field that consists of the intersection of environmental economics, uncertainty, and decision-making. 1. Economic investments that lead to environmental damages beyond repair - like cutting rainforests or emitting pollutants with long...
Persistent link: https://www.econbiz.de/10014064447