Krislert Samphantharak,Robert M Townsend
Krislert Samphantharak
This paper provides a theory-based empirical framework for understanding the risk and return on productive capital assets and their allocation across activities in an economy characterized by idiosyncratic and aggregate risk and thin formal...
Krislert Samphantharak,Robert M Townsend
Krislert Samphantharak
This paper provides a theory-based empirical framework for understanding the risk and return on productive capital assets and their allocation across activities in an economy characterized by idiosyncratic and aggregate risk and thin formal...
Alec Smith,B Douglas Bernheim,Colin Camerer et al.
Alec Smith et al.
We investigate the feasibility of inferring the choices people would make (if given the opportunity) based on their neural responses to the pertinent prospects when they are not engaged in actual decision making. The ability to make such in...
Distributional Preferences, Reciprocity-Like Behavior, and Efficiency in Bilateral Exchange [0.03%]
分配偏好、类似互惠的行为以及双边交换中的效率问题
Daniel J Benjamin
Daniel J Benjamin
Under what conditions do distributional preferences, such as altruism or a concern for fair outcomes, generate efficient trade? I analyze theoretically a simple bilateral exchange game: each player sequentially takes an action that reduces ...