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Randomization,Endogeneity and Laboratory Experiments:The Role of Cash Balances in Private Value Auctions
Randomization Endogeneity Laboratory Experiments Cash Balances Private Value Auctions
2015/9/18
From a theoretical perspective, cash balances are thought to play a role in common value auctions because of limited liability. However, they have also been found to be important in common value aucti...
The Relationship of Economic Theory to Experiments:Treatment driven Experiments
Relationship of Economic Theory Treatment driven Experiments
2015/7/23
When I interact with colleagues and friends who are venturing into experimental economics, either as they prepare for their own experiment, or aim for a critical view of experiments run by others, I o...
DOES UNCERTAINTY REDUCE GROWTH?USING DISASTERS AS NATURAL EXPERIMENTS
DOES UNCERTAINTY REDUCE GROWTH DISASTERS AS NATURAL EXPERIMENTS
2015/7/15
A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To iden...
How Elastic Are Preferences for Redistribution?Evidence from Randomized Survey Experiments
Equality and Inequality Surveys Taxation
2015/4/28
This paper analyzes the effects of information about inequality and taxes on preferences for redistribution using randomized online surveys on Amazon Mechanical Turk (mTurk). About 5,000 respondents w...
A Computational Social Science Environment for Financial/Economic Experiments
Computational environments big data finance economics algorithmic trading
2014/8/8
This paper describes a major computational social science environment for
conducting experiments in finance and economics, specifically for investigating
trading algorithms and economic risk.
Fo...
Field Experiments in Food and Resource Economics Research: Discussion
farmers markets local production natural experiments
2011/10/6
The article discusses several reports published within the section by various authors. Stephen Toler and colleagues have discussed farmers markets, fairness and local production. David R. Just and Bri...
Field Experiments in Food and Resource Economics Research: Discussion
farmers markets local production field experiments
2011/10/6
The article discusses several reports published within the section by various authors. Stephen Toler and colleagues have discussed farmers markets, fairness and local production. David R. Just and Bri...
Oil Prices, Monetary Policy, and Counterfactual Experiments
interest rates Monetary policy oil prices
2011/8/21
Recessions are associated with both rising oil prices and increases in the federal funds rate. Are recessions caused by the spikes in oil prices or by the sharp tightening of monetary policy? This pap...
Neokeynesian and Neoclassical Macroeconomic Models: Stability and Lyapunov Experiments
macroeconomic models Keynesian and Classical model non-linear differential equations
2009/7/17
The non-linear approach to economic dynamics enables us to study traditional economic models using modified formulations and different methods of solution. In this article we compare the dynamic prop...
Market Instability and Economic Complexity: Theoretical Lessons from Transition Experiments
2007/8/13
Ping Chen, "Market Instability and Economic Complexity: Theoretical Lessons from Transition Experiments," in Yang Yao and Linda Yueh eds., Globalisation and Economic Growth in China, Chapter 3,pp.35-5...