Narrow search
Showing 1 - 10 of 62,480
Cover Image
Markets as economizers of information: Field experimental examination of the -Hayek Hypothesis-
Al-Ubaydli, Omar; Boettke, Peter - The Field Experiments Website - 2012
The work of Friedrich Von Hayek contains several testable predictions about the nature of market processes. Vernon Smith termed the most important one the ‘Hayek hypothesis’: the gains from trade can be realized in the presence of diffuse, decentralized information, and in the...
Persistent link: https://www.econbiz.de/10010580366
Cover Image
Markets as Economizers of Information: Field Experimental Examination of the "Hayek Hypothesis"
Al-Ubaydli, Omar; Boettke, Peter - Interdisciplinary Center for Economic Science (ICES), … - 2011
The work of Friedrich Von Hayek contains several testable predictions about the nature of market processes. Vernon Smith termed the most important one the "Hayek hypothesis:" equilibrium prices and the gains from trade can be achieved in the presence of diffuse, decentralized information, and in...
Persistent link: https://www.econbiz.de/10009019972
Cover Image
Markets as Economizers of Information : Field Experimental Examination of the 'Hayek Hypothesis'
Al-Ubaydli, Omar - 2012
The work of Friedrich Von Hayek contains several testable predictions about the nature of market processes. Vernon Smith termed the most important one the 'Hayek Hypothesis': equilibrium prices and the gains from trade can be achieved in the presence of diffuse, decentralized information, and in...
Persistent link: https://www.econbiz.de/10013115213
Cover Image
Chapter 7. Field Experiments in Markets
Al-Ubaydli, O.; List, J.A. - 2017
This is a review of the literature of field experimental studies of markets. The main results covered by the review are as follows: (1) Generally speaking, markets organize the efficient exchange of commodities; (2) There are some behavioral anomalies that impede efficient exchange; (3) Many...
Persistent link: https://www.econbiz.de/10014023423
Cover Image
Property rights, entrepreneurship and coordination
Harper, David A. - In: Journal of Economic Behavior & Organization 88 (2013) C, pp. 62-77
The notion of plan coordination enjoys a central place in the analysis of institutions and competitive market processes. The conventional wisdom is that institutions and policies vary in the extent to which they promote competition and how quickly and completely they bring individuals’ plans...
Persistent link: https://www.econbiz.de/10010636226
Cover Image
Ability dispersion and team performance
Hoogendoorn, Sander; Parker, Simon C.; Praag, Mirjam van - 2014
What is the effect of dispersed levels of cognitive ability of members of a (business) team on their teamś performance? This paper reports the results of a field experiment in which 573 students in 49 teams start up and manage real companies under identical circumstances. We ensured exogenous...
Persistent link: https://www.econbiz.de/10010348405
Cover Image
The origins and extent of entrepreneurial action-orientedness : an experimental study
Barirani, Ahmad; Sloof, Randolph; Praag, Mirjam van - 2017
We test the hypothesis, based on popular and theoretical perspectives, that entrepreneurs are more action-oriented than … experiment among 100s of entrepreneurs, managers and employees. Our experimental results show that entrepreneurs are indeed more … curiosity. Our empirical test results show that (i) entrepreneurs score indeed higher, on average, than managers and employees …
Persistent link: https://www.econbiz.de/10011583687
Cover Image
The origins and extent of entrepreneurial action-orientedness : an experimental study
Barirani, Ahmad; Sloof, Randolph; Praag, Mirjam van - 2017
We test the hypothesis, based on popular and theoretical perspectives, that entrepreneurs are more action-oriented than … experiment among 100s of entrepreneurs, managers and employees. Our experimental results show that entrepreneurs are indeed more … curiosity. Our empirical test results show that (i) entrepreneurs score indeed higher, on average, than managers and employees …
Persistent link: https://www.econbiz.de/10011607388
Cover Image
Risk, uncertainty and entrepreneurship : evidence from a lab-in-the-field experiment
Koudstaal, Martin; Sloof, Randolph; Praag, Mirjam van - 2014
Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … mixed. To better understand the unique behavioral characteristics of entrepreneurs and the causes of these mixed results, we … perform a large "lab-in-the-field" experiment comparing entrepreneurs to managers - a suitable comparison group - and …
Persistent link: https://www.econbiz.de/10010415523
Cover Image
Ability dispersion and team performance : a field experiment
Hoogendoorn, Sander M.; Parker, Simon C.; Praag, Mirjam van - 2012
This paper studies the impact of diversity in cognitive ability among members of a team on their performance. We conduct a large field experiment in which teams start up and manage real companies under identical circumstances. Exogenous variation in - otherwise random - team composition is...
Persistent link: https://www.econbiz.de/10009675518