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SELECTION BIAS,DEMOGRAPHIC EFFECTS AND ABILITY EFFECTS IN COMMON VALUE AUCTION EXPERIMENTS
common value auction experiments selection effects econometric methods gender and ability effects learning
2015/9/18
Inexperienced women, along with economics and business majors, are much more susceptible to the winner’s curse, as are subjects with lower SAT/ACT scores. There are strong selection effects in bid fun...
Towards a Social Value Convergence: a Comparative Study of Fundamental Principles of Contract Law in the EU an
Social Value Convergence Fundamental Principles
2015/8/4
One of the remarkable differences in contract law between legal systems in the European Union and China is the definition and status of contractual freedom. Historically, contractual freedom has not b...
Is Sympathy an Economic Value?Philosophy,Economics and the Contingent Valuation Method
Economic Value Philosophy Economics Contingent Valuation
2015/7/21
Is Sympathy an Economic Value?Philosophy,Economics and the Contingent Valuation Method.
Changing Perceptions of the Value of Daughters and Girls’Education among the Isoko of Nigeria
Changing perceptions value of daughters girls’education women’s status fertility Isoko Nigeria
2015/7/21
This paper examines the changes in parents’ perception on the value of daughters and their education. It utilizes information generated from Focus Group Discussions in two urban and four rural Isoko c...
Sellers:
I choose what markets (if any) to offer their assets in
I take as given the probability of selling each asset in each market
Buyers
I choose what markets to buy from and what accept...
Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor
Reconciling Cyclical Movements Marginal Value Time and the Marginal Product Labor
2015/7/20
Recessions appear to be times when the marginal rate of substitution between goods and workers’ time falls below the marginal product of labor. If so, the allocation of workers’ time is inefficient. I...
Why Do Nominal Characteristics Acquire Status Value? A Minimal Explanation for Status Construction
Nominal Characteristics Acquire Status Status Construction
2015/6/24
Why do beliefs that attach different amounts of status to different
categories of people become consensually held by the members of a
society? We show that two microlevel mechanisms, in combination,...
The Impact of Modularity on Intellectual Property and Value Appropriation
Strategy Open Source Distribution Value Complexity Intellectual Property
2015/4/24
Modularity is a means of partitioning technical knowledge about a product or process. When state-sanctioned intellectual property rights are ineffective or costly to enforce, modularity can be used to...
Value of Children and the social production of welfare
cross-cultural research cultural framing fertility intergenerational relations parenthood value of children welfare production
2014/11/26
Background: The paper describes the origins of the Value of Children (VOC) approach to the cross-cultural research on fertility behavior around the Pacific Rim, and critically discusses its shortcomin...
Self-Reported Versus Performance-Based Measures of Physical Function: Prognostic Value for Survival
disability mortality performance assessments physical function self report
2014/11/26
Background: Although previous studies have indicated that performance assessments strongly predict future survival, few have evaluated the incremental value in the presence of controls for self-report...
Value of Time: Speeding Behavior and Gasoline Prices
value of time speeding gasoline price
2012/10/23
Do drivers reduce speeds when gasoline prices are high? Previous research investigating this energy conservation hypothesis produced mixed results. We take a fresh look at the data and estimate a sign...
Willingness to Accept Equals Willingness to Pay for Labor Market Estimates of the Value of Statistical Life
willingness to pay willingness to accept value of statistical life VSL CFOI panel data PSID
2012/10/22
Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estima...
The In-Terrorem Value of Science: Bisphenol-A Litigation and an Empirical Assessment of Science as a Collective Litigation Tool
Collective Litigation Scientific Evidence Bisphenol-A BPA Expert Testimony
2013/1/31
This paper examines the role that science plays as a tool in collective litigation to substantiate claims. Scientific data and expert testimony are often included to buttress a claim and the admissibi...
Use of Time and Value of Unpaid Family Care Work: A Comparison between Italy and Poland
unpaid work time use child care care of the elderly adult care Poland Italy satellite accounts
2012/10/26
This study provides a comparison of the size and value of unpaid family care work in two European member States, Italy and Poland. Using the Italian and Polish time use surveys, both the opportunity c...
The Value of Business Networks in Emerging Economies: An Analysis of Firms' External Financing Opportunities
business networks agency costs external firm financing bank loans transition economies endogeneity
2012/10/30
The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minim...