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Institutions And Opportunistic Behavior: Experimental Evidence, Antonio Cabrales, Irma Clots-Figueras, Roberto Hernán-González, Praveen Kujal Feb 2021

Institutions And Opportunistic Behavior: Experimental Evidence, Antonio Cabrales, Irma Clots-Figueras, Roberto Hernán-González, Praveen Kujal

ESI Working Papers

Risk mitigating institutions have long been used by societies to protect against opportunistic behavior. We know little about how they are demanded, who demands them or how they impact subsequent behavior. To study these questions, we run a large-scale online experiment where insurance can be purchased to safeguard against opportunistic behavior. We compare two different selection mechanisms for risk mitigation, the individual and the collective (voting). We find that, whether individual or collective, there is demand for riskmitigating institutions amongst high-opportunism individuals, while low-opportunism individuals demand lesser levels of insurance. However, high-opportunism individuals strategically demand lower insurance institutions when they …


Institutions, Opportunism And Prosocial Behavior: Some Experimental Evidence, Antonio Cabrales, Irma Clots-Figueras, Roberto Hernán-González, Praveen Kujal May 2020

Institutions, Opportunism And Prosocial Behavior: Some Experimental Evidence, Antonio Cabrales, Irma Clots-Figueras, Roberto Hernán-González, Praveen Kujal

ESI Working Papers

Formal or informal institutions have long been adopted by societies to protect against opportunistic behavior. However, we know very little about how these institutions are chosen and their impact on behavior. We experimentally investigate the demand for different levels of institutions that provide low to high levels of insurance and its subsequent impact on prosocial behavior. We conduct a large-scale online experiment where we add the possibility of purchasing insurance to safeguard against low reciprocity to the standard trust game. We compare two different mechanisms, the private (purchase) and the social (voting) choice of institutions. Whether voted or purchased, we …


Sharing As Risk Pooling In A Social Dilemma Experiment, Todd L. Cherry, E. Lance Howe, James J. Murphy Jan 2015

Sharing As Risk Pooling In A Social Dilemma Experiment, Todd L. Cherry, E. Lance Howe, James J. Murphy

ESI Working Papers

In rural economies with missing or incomplete markets, idiosyncratic risk is frequently pooled through informal networks. Idiosyncratic shocks, however, are not limited to private goods but can also restrict an individual from partaking in or benefiting from a collective activity. In these situations, a group must decide whether to provide insurance to the affected member. In this paper, we describe results of a laboratory experiment designed to test whether a simple sharing institution can sustain risk pooling in a social dilemma with idiosyncratic risk. We test whether risk can be pooled without a commitment device and, separately, whether effective risk …


Further Evidence On The Ability Of Fifo And Lifo Earnings To Predict Operating Cash Flows: An Industry Specific Analysis, Brock Murdoch, Bruce Dehning, Paul Krause Jan 2013

Further Evidence On The Ability Of Fifo And Lifo Earnings To Predict Operating Cash Flows: An Industry Specific Analysis, Brock Murdoch, Bruce Dehning, Paul Krause

Accounting Faculty Articles and Research

The continuing convergence of U.S. GAAP with International Accounting Standards has brought into question the future use of the LIFO inventory method in the U.S. Since the Financial Accounting Standards Board (2010) has stipulated that earnings should aid investors and creditors in their quest to forecast future cash flows to the enterprise, this research examines whether FIFO earnings or LIFO earnings is preferable, for this purpose, as an aid to ex ante operating cash flow itself,over a three-year forecast horizon. We conclude that ex ante operating cash flows are quite useful in forecasting operating cash flows across industries for up …


Financing The Postwar Housing Boom In Phoenix And Los Angeles, 1945-1960, Lynne Doti, Larry Schweikart May 1989

Financing The Postwar Housing Boom In Phoenix And Los Angeles, 1945-1960, Lynne Doti, Larry Schweikart

Economics Faculty Articles and Research

This article compares the real estate markets in Los Angeles, CA to Phoenix, AZ.


Financing The Postwar Housing Boom In Phoenix And Los Angeles, 1945-1960, Lynne Doti, Larry Schweikart Jan 1989

Financing The Postwar Housing Boom In Phoenix And Los Angeles, 1945-1960, Lynne Doti, Larry Schweikart

Economics Faculty Articles and Research

This article compares the real estate markets in Los Angeles, CA to Phoenix, AZ.


[2014.160.W.R_Bell_Worldwartwo_1946-01-22_006] Jack P. Bell World War Two Correspondence Jan 1946

[2014.160.W.R_Bell_Worldwartwo_1946-01-22_006] Jack P. Bell World War Two Correspondence

Jack P. Bell World War Two Correspondence Collection

Jack P. Bell World War Two Correspondence, 1918-1946


[2015.123.W.R._Vasos_Worldwartwo_Missing-Missing-Missing_027] William Vasos World War Two Correspondence Jan 1945

[2015.123.W.R._Vasos_Worldwartwo_Missing-Missing-Missing_027] William Vasos World War Two Correspondence

William Vasos World War Two Correspondence Collection

This collection contains correspondence written both to and from United States Navy Yeoman Third Class William Vasos and his wife Irene during the Second World War.


[2014.160.W.R_Bell_Worldwartwo_1944-02-06_006] Jack P. Bell World War Two Correspondence Feb 1944

[2014.160.W.R_Bell_Worldwartwo_1944-02-06_006] Jack P. Bell World War Two Correspondence

Jack P. Bell World War Two Correspondence Collection

Jack P. Bell World War Two Correspondence, 1918-1946


[2014.160.W.R_Bell_Worldwartwo_1943-10-21_029.Pdf] Jack P. Bell World War Two Correspondence Oct 1943

[2014.160.W.R_Bell_Worldwartwo_1943-10-21_029.Pdf] Jack P. Bell World War Two Correspondence

Jack P. Bell World War Two Correspondence Collection

No abstract provided.


[2014.160.W.R_Bell_Worldwartwo_1943-06-24_021] Jack P. Bell World War Two Correspondence Jun 1943

[2014.160.W.R_Bell_Worldwartwo_1943-06-24_021] Jack P. Bell World War Two Correspondence

Jack P. Bell World War Two Correspondence Collection

Jack P. Bell World War Two Correspondence, 1918-1946


[2014.160.W.R_Bell_Worldwartwo_1943-05-19_028.Pdf] Jack P. Bell World War Two Correspondence May 1943

[2014.160.W.R_Bell_Worldwartwo_1943-05-19_028.Pdf] Jack P. Bell World War Two Correspondence

Jack P. Bell World War Two Correspondence Collection

No abstract provided.


[2014.160.W.R_Bell_Worldwartwo_1943-05-04_001] Jack P. Bell World War Two Correspondence May 1943

[2014.160.W.R_Bell_Worldwartwo_1943-05-04_001] Jack P. Bell World War Two Correspondence

Jack P. Bell World War Two Correspondence Collection

Jack P. Bell World War Two Correspondence, 1918-1946


[2014.160.W.R_Bell_Worldwartwo_1943-04-22_009.Pdf] Jack P. Bell World War Two Correspondence Apr 1943

[2014.160.W.R_Bell_Worldwartwo_1943-04-22_009.Pdf] Jack P. Bell World War Two Correspondence

Jack P. Bell World War Two Correspondence Collection

No abstract provided.


[2014.160.W.R_Bell_Worldwartwo_1943-04-14_015] Jack P. Bell World War Two Correspondence Apr 1943

[2014.160.W.R_Bell_Worldwartwo_1943-04-14_015] Jack P. Bell World War Two Correspondence

Jack P. Bell World War Two Correspondence Collection

Jack P. Bell World War Two Correspondence, 1918-1946


[2014.160.W.R_ Diedrich _Worldwarone_1917-12-05_018.Pdf] Wesley F. Diedrich First World War Correspondence Collection, Wesley F. Diedrich Dec 1917

[2014.160.W.R_ Diedrich _Worldwarone_1917-12-05_018.Pdf] Wesley F. Diedrich First World War Correspondence Collection, Wesley F. Diedrich

Wesley F. Diedrich First World War Correspondence Collection

This collection contains 69 letters written by Wesley F. Diedrich to his parents during the First World War. Diedrich served in the 27th company of the American Expeditionary Forces. In the first half of the collection, Diedrich described his training and other happenings at Camp Logan in Houston, Texas. In the second half of the collection his division went to Europe and he described cities and locations they visit. The collection also contains six maps, four war pamphlets, six newspaper and magazine clippings, and three photographs.