centralized networks. All predictions are confirmed in an experiment. …

This paper studies optimal taxation in a general equilibrium macro model with endogenous entry. We compare the constant … the misalignment of markups on goods and leisure, and an entry distortion due to the misalignment of the consumer surplus … effect and the profit destruction effect of entry. The two distortions interact in determining the wedge between the market …

emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …

. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we …

tend to have smaller incentives to engage in effort, the reverse does not hold true. Using a lab experiment, we show that …