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作者:Brown, Meta; Flinn, Christopher J.; Schotter, Andrew
作者单位:Federal Reserve System - USA; Federal Reserve Bank - New York; New York University
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作者:Draca, Mirko; Machin, Stephen; Witt, Robert
作者单位:University of London; London School Economics & Political Science; University of London; University College London; University of Surrey
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作者:Gorbachev, Olga
作者单位:University of Delaware
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作者:Mian, Atif; Sufi, Amir
作者单位:University of California System; University of California Berkeley; University of Chicago
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作者:Joskow, Paul L.
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作者:Fehr, Ernst; Hart, Oliver; Zehnder, Christian
作者单位:University of Zurich; Harvard University; University of Lausanne
摘要:Hart and John Moore (2008) introduce new behavioral assumptions that can explain long-term contracts and the employment relation. We examine experimentally their idea that contracts serve as reference points. The evidence confirms the prediction that there is a trade-off between rigidity and flexibility. Flexible contracts-which would dominate rigid contracts under standard assumptions-cause significant shading in ex post performance, while under rigid contracts much less shading occurs. The e...
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作者:Ifcher, John; Zarghamee, Homa
作者单位:Santa Clara University
摘要:We conduct a random-assignment experiment to investigate whether positive affect impacts time preference, where time preference denotes a preference for present over future utility. Our result indicates that, compared to neutral affect, mild positive affect significantly reduces time preference over money. This result is robust to various specification checks, and alternative interpretations of the result are considered. Our result has implications for the effect of happiness on time preferenc...
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作者:Chetty, Raj; Guren, Adam; Manoli, Day; Weber, Andrea
作者单位:Harvard University; National Bureau of Economic Research; RAND Corporation; Rand Health; University of California System; University of California Los Angeles; University of Mannheim
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作者:Hussey, Andrew J.; Swinton, Omari H.
作者单位:University of Memphis; Howard University
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作者:Erkal, Nisvan; Gangadharan, Lata; Nikiforakis, Nikos
作者单位:University of Melbourne; Monash University