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Privatization and Productivity in Romanian Industry: Evidence from a Comprehensive Enterprise Panel

Earle, John S.; Telegdy, Álmos - 2001

describe the post-privatization ownership structure and to test the effect of alternative privatization policies on firm … significant effect of private ownership share on the level and growth of labor productivity, the estimates ranging from 13 to 32 …

Persistent link: https://www.econbiz.de/10010262532

Tournaments and managerial incentives in China's listed firms: new evidence

Kato, Takao; Long, Cheryl - 2008

predictions from the tournament theory to the context of transition economies in which state ownership still plays a significant … to 2002, augmented by unique data on executive compensation and ownership structure, we find evidence in support of both …'s listed firms that are less controlled by the state. As such this paper provides yet another piece of evidence that ownership …

Persistent link: https://www.econbiz.de/10010268884

WTP vs. WTA: christmas presents and the endowment effect

Bauer, Thomas K.; Schmidt, Christoph M. - 2008

Using data on the valuation of Christmas gifts received by students in different fields at a German university, we investigate whether the endowment effect differs between students of economics and other respondents and whether it varies with the market price of the object under consideration....

Persistent link: https://www.econbiz.de/10010269343

Randomizing Endowments: An Experimental Study of Rational Expectations and Reference-Dependent Preferences

Götte, Lorenz; Harms, Annette; Sprenger, Charles - 2014

An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of reference point formation. Kőszegi and Rabin (2006) provide such discipline by positing a reference point grounded in rational expectations. We examine the predictions of...

Persistent link: https://www.econbiz.de/10010468159

Behavioral Economic Phenomena in Decision-Making for Others

Ifcher, John; Zarghamee, Homa - 2018

We examine whether biases identified in the behavioral-economics literature apply in decision-making for others (DMfO). We conduct a laboratory experiment in which subjects make decision on behalf of themselves and others in eighteen tasks that measure the following biases: present-bias in time...

Persistent link: https://www.econbiz.de/10011984506

Can Financial Incentives Help People Trying to Establish New Habits? Experimental Evidence with New Gym Members

Carrera, Mariana; Royer, Heather; Stehr, Mark; Syndor, … - 2017

We conducted a randomized controlled trial testing the effect of modest incentives to attend the gym among new members of a fitness facility, a population that is already engaged in trying to change a health behavior. Our experiment randomized 836 new members of a private gym into a control...

Persistent link: https://www.econbiz.de/10011744586

Time Delay and Investment Decisions: Evidence from an Experiment in Tanzania

Nikolov, Plamen - 2019

Attitudes toward risk underlie virtually every important economic decision an individual makes. In this experimental study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk preferences. The field experiment proceeded in three stages: a...

Persistent link: https://www.econbiz.de/10012141262

Evaluating the Sunk Cost Effect

Ronayne, David; Sgroi, Daniel; Tuckwell, Anthony - 2021

We provide experimental evidence of behavior consistent with the sunk cost effect. Subjects who earned a lottery via a real-effort task were given an opportunity to switch to a dominant lottery; 23% chose to stick with their dominated lottery. The endowment effect accounts for roughly only one...

Persistent link: https://www.econbiz.de/10012597403

Randomizing Endowments: An Experimental Study of Rational Expectations and Reference-Dependent Preferences

Götte, Lorenz; Harms, Annette; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2014

Persistent link: https://www.econbiz.de/10011078395

Individual-Level Loss Aversion in Riskless and Risky Choices

Gächter, Simon; Johnson, Eric J.; Herrmann, Andreas - Institute for the Study of Labor (IZA) - 2007

Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and...

Persistent link: https://www.econbiz.de/10005761867