The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...

The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...

The need for justification is a widely observed social phenomenon. This paper develops a theoretical framework and reports laboratory evidence to show how pure justification pressure affects cooperative behavior in economic exchange environments. In a one-shot anonymous interaction, compared...

We report the results of an experiment designed to study the determinants of asset price movement and consumption smoothing behavior across asset markets populated with varying proportion of traders with and without having induced motive to smooth consumption. Although the asset is over-priced...

We design an experiment to study the determinants of price movement and consumption smoothing behavior across asset markets populated with varying proportion of traders having induced motive to smooth consumption. The extent of over-pricing is higher when traders with no induced motive to trade...

The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem,...

Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

This paper studies how the request for a favor has to be devised in order to maximize its chance of success. We present results from a mini-dictator game in which giving entails an efficiency gain. In this laboratory experiment, the recipient can send a free-form text message to the dictator...

This paper studies how the request for a favor has to be devised in order to maximize its chance of success. We present results from a mini-dictator game laboratory experiment in which giving entails an efficiency gain. Before the dictator decides, the recipient can send a free-form text message...