I study the effect of sunk entry-costs on potential competition in a multi-market framework, where potential entrants have different home market profits. Although sunk-entry-costs are supposed to increase entry barriers, my experimental results suggest that firms view entry costs differently...

We present an experiment that evaluates the relative efficacies of higher fines and detection rates in combating bribery. Our results indicate that corrupt officials are deterred more by the threat of high fines in an asymmetric punishment environment than in a symmetric punishment environment....

Does the procedure of entitlement affect fairness perceptions? We use a dictator game to study the question in mixed gender pairs. In our experiments, we vary the process of entitlement across treatments. Allocators in our dictator game can inherit an amount without any effort, earn an amount...

Theories of decision under risk that assume decreasing marginal utility of money have been critiqued with concavity calibration arguments. Since that critique uses varying payoffs and fixed probabilities, it cannot have implications for calibration of nonlinear probability transformation, which...

In a two-part review, we focus on the behavioral experimental literature on corruption from the past decade with a particular focus on papers that offer behavioral insights into corrupt decision-making. In this first chapter, we restrict attention to the prominent theoretical models that have...

This paper studies the efficacy of entry threats in a contestable environment using experiments. It is hypothesized here that the entrant firm's home market profits influence the entrant's competitive behavior even when entry is costless and completely reversible. In the experiment, entrants and...

The goal of this paper is to examine stability in preferences using the Stigler-Becker state-dependent framework. Using a randomized intervention that changes the opportunity sets of individuals we construct a unique panel data from an artefactual field experiment and evaluate whether the change...