We explore the behavior of losers of promotion tournaments after the tournament is concluded. We do so through the use of an experiment in which we vary the design of the promotion tournament to determine how tournament design affects post tournament effort. We provide a theoretical model...

Traditionally, larger than equilibrium allocations by proposers in Dictator Games (gifts) have been explained by aspects of altruism, reciprocity, and fairness. However, this assumes the gift to be mutually desirable to the proposer and responder. Giving may also be driven by a desire of the...

Are productivity increases from small amounts of stress (or shocks) in an economic task dependent upon the content of the shock? It has been found small amounts of stress can lead to an increase in memory. We examine if the same is true with productivity in an economic experiment and whether it...

Federal clean air regulations have spawned a proliferation of motor fuel types that have created differentiated markets for motor fuels, increased the cost of supplying these fuels, and reduced the capacity of the supply infrastructure. In this paper we examine wholesale gasoline prices in 99 US...

This paper sets out a simple spatial model of energy exploitation to ask how the location and productivity of energy resources may affect the distribution of economic activity around the globe. This is a very large research question, and we take one small step towards answering it by combining...

Agriculture in poor countries has low productivity, high employment, and negligible trade flows relative to other sectors. These facts motivate a multi-sector, open-economy view of international productivity differences. With a quantitative multi-country model featuring nonhomothetic...

We examine the rate of motion-picture piracy across a sample of 26 diverse countries. The level of piracy is explained empirically by the level of income, the cost of enforcing property rights, the level of collectivism present in a country's social institution and the level of internet usage....

China's rapidly rising crude oil consumption has been a cause of concern, both for China's own energy security and the effects this rising demand has on world oil markets. However, one must disaggregate the domestic Chinese demand for petroleum products to reveal what sort of policy options...

Investment opportunities in electric power generation have changed dramatically since electricity industry restructuring first began. In contrast to regulated utilities adding capacity in line with central planning and regulation, power plant investment is now more often made by independent...

Are motion picture audiences influenced by box office reports? Do they `herd' after the leaders and ignore possibly better but less popular films? How important is a big opening to the revenue a film eventually earns? This paper develops a dynamical learning model of motion picture demand that...