From 1997 to 2005, an astonishing 5200 million USD was invested to reduce cocaine production in Colombia, the world's main cocaine producer. However, little is known about the effectiveness of…

We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We…

Abstract : Climate change can be seen as a shock that decreases the value of economic activities and production functions. Therefore, this study estimates technical efficiency as an integrated…

Abstract Affirmative action changes incentives at all stages of the employment process. In this paper, we study the effects of affirmative action statements in job ads on i) the effort expended on the…

Abstract This paper examines the hypothesis that cooperation depends on the aspirations that individuals hold for their community welfare and tests whether videos that depict either a successful…

Abstract We propose that community aspirations defined as the preferences for goals that increase communal well-being are an important determinant of cooperation in collective action problems. This…

Abstract We use a charitable experiment to study altruistic motivations among children living in Mumbai, India. Using structural estimation of the utility function, we disentangle warm-glow and pure…

Description This paper empirically examines the behavioral precautionary saving hypothesis by Koszegi and Rabin (2009) stating that uncertainty about future income triggers saving because of loss…