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This paper presents the results of an Internet-based survey of economic educators who were asked about their knowledge and experience with human subjects research and the mandated federal protocols that govern such research at most American universities. The results indicate that while economic...
Persistent link: https://www.econbiz.de/10014054830
We conduct an experiment to investigate (i) whether rotation in voting increases a committee's efficiency, and (ii) the … extent to which rotation critically influences collective and individual welfare. The experiment is based on the idea that …
Persistent link: https://www.econbiz.de/10014058994
Recently, a new concept, the anticommons dilemma, has been introduced in economic literature. In an anticommons property regime, multiple co-owners have the right to exclude one another from benefiting from a common resource. The economic literature has unveiled symmetry between commons and...
Persistent link: https://www.econbiz.de/10014071633
We examine the provision of family public goods using experimental economics methods. With sufficient altruism and shared resource arrangements, families can provide the efficient level of family public goods. Becker's Rotten Kid Theorem asserts that transfers from altruistic parents will induce...
Persistent link: https://www.econbiz.de/10014073006
Individuals are widely believed to overstate their economic valuation of a good by a factor of two or three. This paper reports the results of a meta-analysis of hypothetical bias in 28 stated preference valuation studies that report monetary willingness-to-pay and that used the same mechanism...
Persistent link: https://www.econbiz.de/10014075742
The Stability and Growth Pact (SGP) in the EU's economic and monetary union (EMU) aims to assure sound public finances in the EMU Member States by providing for sanctions against countries with excessive deficits. We experimentally examine the voting procedure of the SGP and find that the...
Persistent link: https://www.econbiz.de/10014075768
we report on an experiment designed to address whether these two motives show up in practice. In line with theoretical …
Persistent link: https://www.econbiz.de/10014085127
tatonnement with or without a dynamic improvement rule, with or without publicity of order flow information. All versions of the … both sides tend to underreveal demand/supply, causing inefficiency. Only the full-information, no-improvement-rule version …
Persistent link: https://www.econbiz.de/10014106701
Prior research on Mexican migration has shown that social networks and economic incentives play an important role in determining migration outcomes. We use experimental data from PROGRESA, Mexico’s primary poverty-reduction program, to evaluate the effects of conditional cash transfers on...
Persistent link: https://www.econbiz.de/10014109259
Persistent link: https://www.econbiz.de/10002596541