This paper reports the results from one experiment and one quasi-experiment used to investigate the potential problem of “hypothetical bias” in surveys involving an individual’s valuation of time. The experiment compares hypothetical and real choices regarding an offer to participate in a...

Many decisions in politics and business are made by teams rather than by single individuals. In contrast, economic models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature investigates team decisions in different settings. We study team...

Many decisions in politics and business are made by teams rather than by single individuals. In contrast, economic models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature investigates team decisions in different settings. We study team...

Given the increasing prevalence of catastrophic events, policymakers are increasingly searching for effective strategies to encourage firms to invest in resilience rather than relying on insurance or government assistance. Too often, however, resilience research focuses on decisions made by...

Many decisions in politics and business are made by teams rather than by single individuals. In contrast, economic models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature investigates team decisions in different settings. We study team...

We present a legislative bargaining model of the provision of a durable public good over an infinite horizion. In each period, there is a societal endowment which can either be invested in the public good or consumed. We characterize the optimal public policy, defined by the time path of...

The cost of providing electricity to the unconnected 1.1 billion people in developing countries is significant. High hopes are pinned on market-based dissemination of offgrid technologies to complement the expensive extension of public grid infrastructure. In this paper, we elicit the revealed...

The objective of this study is to provide microeconometric evidence on the welfare gain of transport infrastructure investments. Specifically, I consider an investment in China that doubles the tracks of a one-thousand-mile-long railroad in 1994. This provides a quasi-experimental setting: the...

High hopes are pinned on market-based dissemination of off-grid technologies to complement expensive grid extension in providing electricity to the unconnected 1.1 billion people in developing countries. In this paper, we elicit the revealed Willingness-to-Pay for different solar technologies in...

We collect rich worker month-level administrative panel data from two companies for a two-year period prior to and after the opening of a nearby subway station, which significantly improved public transportation commutes for a subset of workers. Consistent with a simple principal-agent model...