Abstract: The authors describe a classroom game that introduces the concept of compensating wage differentials by allowing students to negotiate over the assignment of jobs and wages. Two jobs are designed so that neither job requires special skills, but one is significantly more unpleasant than...

This paper assesses the effect of two stylized and antithetic non-monetary incentive schemes on students' effort. We collect data from a field experiment where incentives are exogenously imposed, performance is monitored and individual characteristics are observed. Students are randomly assigned...

Dutch Auction Rate Preferred Stock (DARPS) was created in the 1980s as a way for fully taxable corporate investors and tax-exempt issuers to share the tax benefits of the dividends received deduction. DARPS dividend yields were reset every few weeks through an auction, minimizing price risk and...

Challenges continue for higher education to improve learning outcomes and better prepare graduates for successful careers. Service-learning, an instructional method that integrates theoretical learning with real life experimentation and community service, offers the positive impacts of its...

The authors study the lack of necessity of the transitivity property when representing preference relations. Avoiding transitivity hypothesis, this work offers a vision about the modeling of consumer preference relations which are different from the classic one used in economics pedagogy. The...

We introduce a simple but particularly compelling prisoner's dilemma classroom experiment that can be used in a variety of settings to demonstrate issues surrounding cooperative behavior (e.g., oligopoly, advertising, and public corruption). The prisoner's dilemma occurs in all 21 class sections...

One reason many college students shun economics is ineffective education. A more systematic way of explanation, with standardization and consistency, would promote learning of economic theories. This paper suggests a new framework for effective economic education. It begins with clear...

We develop a mathematical proof demonstrating that only financially-strong firms will sell put options on their own stock, but financially-weak firms will not. The sale of options on a company's own stock exposes the buyer to default risk of the issuer, which additionally complicates the payoff...

This study examines events within African American history of the United States. It explains how traumatic events in the history of African Americans in the United States have affected the decisions they make today, which directly affects the national and kitchen table economies. This study is...

There haven't been any significant improvements in terms of credit delivery to the members of self-help groups under Mission Convergence as the numbers of loans haven't increased much. There are signs of weariness in the Mission regarding the same and several meetings have been called to address...