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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...
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.
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...
The Social Value of Expertise     Expertise  Social Value       2015/7/20
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...
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 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,...
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...
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...
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...
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...
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...
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...
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 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...

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