The article experimentally investigates individuals’ choice behavior between privacy and security. In a convenience sample of undergraduate and graduate students, we find that most individuals choose to sacrifice a moderate amount of privacy in exchange for a moderate increase in security. A...

This article utilizes panel data on leading Thoroughbred sires from 1999 until 2008 and estimates the determinants of their stud fees, or the price paid for the rights to one breeding season, and the marginal value of those characteristics. Using a Fixed Effects (FE) estimation procedure, we...

The article experimentally investigates individuals’ choice behavior between privacy and security. In a convenience sample of undergraduate and graduate students, we find that most individuals choose to sacrifice a moderate amount of privacy in exchange for a moderate increase in security. A...

Paper was previously titled "The Informativeness of Prices as Quality Signals in the Thoroughbred Industry"

In rank-order tournaments, undesirable but output-enhancing activities, such as cheating, may occur. Cheating may be especially tempting when one player has an advantage over another. We show that when audit probabilities are low (high), the leading (trailing) player has more incentive to cheat....