matching. The paper compares the Engel curves obtained from matching with the Engel curves obtained from traditional …. While superficially both ways to allocate income generate similar results, matching allows to explain some empirical … regularities that maximization cannot account for. For example, only by using matching one can reconstruct that income elasticities …

matching. The paper compares the Engel curves obtained from matching with the Engel curves obtained from traditional …. While superficially both ways to allocate income generate similar results, matching allows to explain some empirical … regularities that maximization cannot account for. For example, only by using matching one can reconstruct that income elasticities …

evidence from a laboratory experiment. In a creative real effort task simulating the innovation process, two distinct means of …

cost and risk. Nonetheless standard theory predicts too little innovation. Arguably the problem is exacerbated by … appropriation than predicted by standard theory. But the risk and the experience of appropriation does not deter innovation. We find … even more innovation than predicted by theory, and actually more than would be efficient. In the lab, the prospect of …

cost and risk. Nonetheless standard theory predicts too little innovation. Arguably the problem is exacerbated by … lab. We find more appropriation but also more innovation than predicted by standard theory. In the lab, the prospect of … theory. The data suggest that this behavior results from the intention not to be outperformed by one’s peers …