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We examine trading activity around insider transactions on the Toronto Stock Exchange and find evidence that some traders mimic insider positions. Our unique dataset allows us to establish a direct connection between insiders, their brokerages, and the brokerages' other clients. The findings are...
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Social distancing via shelter-in-place strategies has emerged as the most effective way to combat Covid-19. In the United States, choices about such policies are made by individual states. Here we show that the policy choice made by one state influences the incentives that other states face to...
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This paper explores how changes in default options can influence consumer behavior in a setting where consumers can use a suggested default or manually enter a tip amount. To identify the impact that different defaults have on behavior, I take advantage of variation within the New York City taxi...
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This paper utilizes a high frequency dataset on taxi rides in New York City to investigate how emotions due to sporting event outcomes affect passengers' tipping behavior. I formulate and empirically test a reference-dependent preferences framework of tipping behavior. The results indicate that...
Persistent link: https://www.econbiz.de/10012945369
Even though social preferences affect nearly every facet of life, there exist many open questions on the economics of social preferences in markets. We leverage a unique opportunity to generate a large data set to inform the who's, what's, where's, and when's of social preferences through the...
Persistent link: https://www.econbiz.de/10012860780
Even though social preferences affect nearly every facet of life, there exist many open questions on the economics of social preferences in markets. We leverage a unique opportunity to generate a large data set to inform the who's, what's, where's, and when's of social preferences through the...
Persistent link: https://www.econbiz.de/10012860852