Inferring the implicit price of an environmental good hinges on ceteris paribus conditions that are often hard to justify. This paper uses an unexpected change in flight regulations as source of exogenous variation and identifies aircraft noise effects from price adjustments in the market for...

Teams have become increasingly multinational in many sectors. The impact of national diversity on team performance is controversial, however. On the one hand, multinational teams may have access to a greater variety of task-relevant expertise, which should increase team performance. On the other...

We study how temporal separations affect recurring decision-making under risk and thus ask when reference points update. Using both experimental and panel data from a casino, we analyze how individual risk-taking behavior during a casino visit depends on the outcomes of temporally separated...