Rules requiring the disclosure of conflicts of interest are often established to reduce information asymmetries and so protect consumers from biased information. We report on an experimental study assessing the effect of disclosure by an insurance agent of his differential earnings for two...

This study describes the socioeconomic dynamics of Israel's one hundred largest local authorities between 1983 and 1995, and identifies factors that affected their relative levels of socioeconomic well-being in this period. A direct comparison of their rankings in these two years highlights the...

In a recent article in this Review, Robert McCormick, William Shughart, and Robert Tollison (1984) addressed the issue of monopoly deregulation. The authors put forward the provocative idea that "because under most conditions Tullock costs cannot be recouped, the returns to deregulation are...

This paper analyzes the transition of countries between educational levels in the period 1970-2010 in order to assess the contribution of human capital to the increase of GDP per employee. Using a sample of 41 countries that includes both developing and developed economies, we show that the...

Buying a retirement saving plan in Israel involves meeting with an agent whose interests may differ from those of his or her customers. The aim of the present study was to explore the effect of the advice given by the agent, along with that of two further factors: a fair disclosure statement...