We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We find that sellers stop searching earlier than theoretically optimal. Inducing a mild form of time...

According to advocates, eco-certification can improve developing country farmers' environmental and economic performance. However, these notional benefits can be undercut by self-selection: the tendency of relatively wealthy farmers already meeting eco-certification standards to...

Mikrounternehmen dominieren die mexikanische Wirtschafts und sind die wichtigsten Beschäftigungs- und Einkommensanbieter von Menschen, die von Armut bedroht sind. Diese Doktorarbeit untersucht die wirtschaftliche Leistungsfähigkeit von Mikrounternehmen im Bezug auf die wirtschaftliche...

In the absence of formal financial markets, many poor households rely on risk sharing networks to protect themselves against adverse events. In this paper we present a model that explains the impact of formal insurance on informal risk sharing and, subsequently, the dynamics of other-regarding...