Auction winners sometimes suffer a "bidder's curse", paying more for an item at auction than the fixed price charged for an identical item by other sellers. This seemingly irrational behavior is puzzling because the information necessary to avoid overpaying would appear to be readily available...

Norm-based accounts of social behavior are increasingly common in economics. In such accounts, behavior is seen as reflecting tradeoffs between maximization of own consumption utility and conformity to social norms. Theories of norm-following tend to assume that a) there exists a single, stable,...

We examine the roots of variation in corruption across societies, and we argue that marriage practices and family structure are an important, overlooked determinant of corruption. By shaping patterns of relatedness and interaction, marriage practices influence the relative returns to norms of...

We experiment with integrating economics and ethics in a form that could be described as literary-critical economic nonfiction. After offering an interpretation of Percy Shelley's “Prometheus Unbound,” we map the modern world of commerce into our interpretation of the lyrical drama to...

In this paper we explore how hominin behavior responds to the distribution of resources in territorial conflict. We develop an economic model to organize the findings of primatologists, isolating how resource skew and variance affect territorial ranges, as well as how they interact with unequal...