Using natural disasters as shocks to local economies, we document that a bank branch's ability to set deposit rates locally has real effects. Following disasters, branches that set rates locally increase deposit rates more and experience higher deposit volumes in affected counties. Consistent...

We develop a dynamic model of board decision-making akin to dynamic voting models in the political economy literature. We show a board could retain a policy all directors agree is worse than an available alternative. Thus, directors may retain a CEO they agree is bad -- deadlocked boards lead to...

In this paper we deal with situations of collective contests between two groups over a private prize. A well known way to divide the prize within the winning group is the prize sharing rule introduced by Nitzan, 1991. Since its introduction it has become a standard in the collective contests...

If you practice before the Pennsylvania Environmental Hearing Board, you are no doubt familiar with its Rules of Practice and Procedure found at 25 Pa. Code Chapter 1021. The rules are the product of a small group of hard-working and dedicated attorneys who volunteer their time as members of the...

Group decision-making processes are often adopted to strengthen social bonds. In this paper, I study experimentally the effects of group decision-making on social preferences towards group members, while distinguishing between participation and outcome effects. I find that participation in a...

A vast number of people can be reached via online platforms which in turn benefit from the intelligence of these collectives to solve a diverse set of problems, especially in situations where there is uncertainty. A crucial task for organizations is the selection of the optimal problem-solving...

Research has shown that seeking to benefit the own group can under certain conditions achieve the opposite result when the beneficiary inter-group cooperation opportunity is undermined with a prisoners' dilemma type tribal interest conflict. In this paper, I reconsider this problem using...

We conduct an experiment to examine the effects of multi-level group identification on intergroup helping behavior. We predict and find that stronger identification with a sub-group (one's immediate work-group) and a superordinate group (the organization in which that group is nested) –...

I test the effect of multiple pivotal players on unfair choices in a setup with a leader and two followers deciding on whether to expropriate the payoff of a group member. Comparing unanimity decisions to individual decisions within the group, I find that leaders are fairer in the unanimity rule...

We study the interactions and strategies of economic agents within a business committee to better understand how decisions are made in an important group setting. Specifically, we study the Federal Reserve's Federal Open Market Committee (FOMC) monetary policy actions and meeting transcripts to...