-
作者:Gyimah-Brempong, Kwabena; Price, Gregory N.
作者单位:State University System of Florida; University of South Florida; Jackson State University
-
作者:Schmitz, PW
作者单位:University of Cologne
摘要:The property rights approach to the theory of the firm suggests that ownership structures are chosen in order to provide ex ante investment incentives, while bargaining is ex post efficient. In contrast, transaction cost economics emphasizes ex post inefficiencies. In the present paper, a party may invest and acquire private information about the default payoff that it can realize on its own. Inefficient rent seeking can overturn prominent implications of the property rights theory. In particu...
-
作者:Manacorda, Marco
作者单位:University of London; Queen Mary University London; London School Economics & Political Science; University of London; London School Economics & Political Science
-
作者:Bereby-Meyer, Yoella; Roth, Alvin E.
作者单位:Ben-Gurion University of the Negev; Harvard University; Harvard University
摘要:In an experiment, players' ability to learn to cooperate in the repeated prisoner's dilemma was substantially diminished when the payoffs were noisy, even though players could monitor one another's past actions perfectly. In contrast, in one-time play against a succession of opponents, noisy payoffs increased cooperation, by slowing the rate at which cooperation decays. These observations are consistent with the robust observation from the psychology literature that partial reinforcement (addi...
-
作者:Galor, Oded; Mountford, Andrew
作者单位:Brown University; University of London; Royal Holloway University London
-
作者:Goette, Lorenz; Huffman, David; Meier, Stephan
作者单位:University of Zurich; IZA Institute Labor Economics; Federal Reserve System - USA; Federal Reserve Bank - Boston
-
作者:Anwar, S; Fang, HM
作者单位:Yale University; National Bureau of Economic Research
摘要:We propose a simple model of trooper behavior to design empirical tests for whether troopers of different races are monolithic in their search behavior, and whether they exhibit relative racial prejudice in motor vehicle searches. Our test of relative racial prejudice provides a partial solution to the well-known inframarginality and omitted-variables problems associated with outcome tests. When applied to a unique dataset from Florida, our tests soundly reject the hypothesis that troopers of ...
-
作者:Matschke, X; Sherlund, SM
作者单位:University of Connecticut; Federal Reserve System - USA
-
作者:Boisjoly, Johanne; Duncan, Greg J.; Kremer, Michael; Levy, Dan M.; Eccles, Jacque
作者单位:University of Quebec; Northwestern University; Harvard University
-
作者:Mandler, Michael
作者单位:University of London; Royal Holloway University London
摘要:By taking sets of utility functions as primitive, we define an ordering over assumptions on utility functions that gauges their measurement requirements. Cardinal and ordinal assumptions constitute two levels of measurability, but other assumptions lie between these extremes. We apply the ordering to explanations of why preferences should be convex. The assumption that utility is concave qualifies as a compromise between cardinality and ordinality, while the Arrow-Koopmans explanation, suppose...