Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Banking (3)
- Book reviews (3)
- Auctions (2)
- Banking Industry (2)
- & Riches: Why the West Got Rich and the Middle East Did Not (1)
-
- Adam Smith (1)
- Age of Discovery (1)
- Austria (1)
- Bank Reserves (1)
- Book review (1)
- California Economics (1)
- California Financial Sector (1)
- Capital (1)
- Christianity (1)
- Classical liberal economy (1)
- Coase Theorem (1)
- Columbian Exchange (1)
- Contests (1)
- Cost-benefit analysis (1)
- Creditworthy: A History of Consumer Surveillance and Financial Identity in America (1)
- Cultural transmission (1)
- Culture (1)
- Economic Conditions (1)
- Economic Structure (1)
- Economics of New Goods (1)
- Ex ante equilibrium (1)
- Experimental economics (1)
- Externalities (1)
- FCC (1)
- Field experiment (1)
Articles 1 - 18 of 18
Full-Text Articles in Economics
The Cultural Transmission Of Trust Norms: Evidence From A Lab In The Field On A Natural Experiment, Elira Karaja, Jared Rubin
The Cultural Transmission Of Trust Norms: Evidence From A Lab In The Field On A Natural Experiment, Elira Karaja, Jared Rubin
Economics Faculty Articles and Research
We conduct trust games in three villages in a northeastern Romanian commune. From 1775–1919, these villages were arbitrarily assigned to opposite sides of the Austrian and Ottoman/Russian border despite being located seven kilometers apart. This plausibly exogenous border assignment affected local institutions and late-18th century migration in a manner that likely also affected trust. Conditional on trust norms being affected by these centuries-old historical circumstances, our experimental design tests the degree to which such norms are transmitted intergenerationally. Consistent with theoretical predictions, we find that participants on the Austrian side that also have family roots in the village are indeed …
Introduction To The Special Issue On The Economics Of Religion, Jared Rubin
Introduction To The Special Issue On The Economics Of Religion, Jared Rubin
Economics Faculty Articles and Research
"The economics and political science of religion have blossomed into full-fledged fields in the last decade and a half. What was once a field on the far outskirts of economics and political science now regularly publishes in its top journals (see Figure 1).1 By 1998, the field was large enough for Iannaccone (1998) to write a survey of the shape of the field. The field was very much at its infancy at that time, and most of the best work was done by sociologists and/or published in sociology journals. This has changed significantly in the 22 years since Iannaccone's …
Review Of The Promise And Peril Of Credit: What A Forgotten Legend About Jews And Finance Tells Us About The Making Of European Commercial Society, Jared Rubin
Economics Faculty Articles and Research
A review of The Promise and Peril of Credit: What a Forgotten Legend about Jews and Finance Tells Us about the Making of European Commercial Society, by Francesca Trivellato, published by Princeton University Press.
Review Of Creditworthy: A History Of Consumer Surveillance And Financial Identity In America, Lynne Doti
Review Of Creditworthy: A History Of Consumer Surveillance And Financial Identity In America, Lynne Doti
Economics Faculty Articles and Research
A book review of Josh Lauer's Creditworthy: A History of Consumer Surveillance and Financial Identity in America.
Spanish California Missions: An Economic Success, Lynne Doti
Spanish California Missions: An Economic Success, Lynne Doti
Economics Faculty Articles and Research
Starting in 1769, the Spanish established missions in Alta California. A small band of soldiers, Franciscan priests and volunteers walked from Baja California to San Francisco Bay through semi-arid, scarcely populated land stopping occasionally to establish a location for a religious community. Usually two priests, a few soldiers and a few Indians from Baja California settled at the spot. Their only resources for starting an economy were themselves, a few animals and a nearby source of water. They attracted the local Indians to join the community and perform the work necessary to create a strong economy. After only a few …
Review Of Reading The Market: Genres Of Financial Capitalism In Gilded Age America, Lynne P. Doti
Review Of Reading The Market: Genres Of Financial Capitalism In Gilded Age America, Lynne P. Doti
Economics Faculty Articles and Research
A review of Peter Knight's Reading the Market: Genres of Financial Capitalism in Gilded Age America.
Review Of Rulers, Religion, & Riches: Why The West Got Rich And The Middle East Did Not, Lynne P. Doti
Review Of Rulers, Religion, & Riches: Why The West Got Rich And The Middle East Did Not, Lynne P. Doti
Economics Faculty Articles and Research
A review of Jared Rubin's Rulers, Religion, & Riches: Why the West Got Rich and the Middle East Did Not.
John Nash: A Personal Remembrance (Introduction To The John Forbes Nash Jr. Memorial Special Issue), Vernon Smith
John Nash: A Personal Remembrance (Introduction To The John Forbes Nash Jr. Memorial Special Issue), Vernon Smith
Economics Faculty Articles and Research
In January of 2011, three years after his 80th birthday, Games and Economic Behavior published a special issue to honor John Nash. In their introductory note, the editors, Avinash Dixit, Ehud Kalai and Stephen Morris wrote: “We are delighted to have the privilege of coordinating this expression of the whole profession's admiration and appreciation of John Nash and his work, and look forward to a repeat in ten or even twenty years' time.”
This wish was sadly interrupted by tragedy. On their way back from the ceremony awarding John the Abel Prize in mathematics, John and his wife Alicia were …
From Hard Money To Branch Banking California Banking In The Gold Rush Economy, Larry Schweikart, Lynne Pierson Doti
From Hard Money To Branch Banking California Banking In The Gold Rush Economy, Larry Schweikart, Lynne Pierson Doti
Economics Faculty Articles and Research
In Gold Rush–era California, banking and the financial sector evolved in often distinctive ways because of the Gold Rush economy. More importantly, the abundance of gold on the West Coast provided an interesting test case for some of the critical economic arguments of the day, especially for those deriving from the descending—but still powerful—positions of the “hard money” Jacksonians.
Fair And Impartial Spectators In Experimental Economic Behavior, Vernon L. Smith, Bart J. Wilson
Fair And Impartial Spectators In Experimental Economic Behavior, Vernon L. Smith, Bart J. Wilson
Economics Faculty Articles and Research
Our primary purpose in this article is to draw upon the literature of classical liberal economy to show how it informs and is informed by the results from experimental economics. Adam Smith's first great book, The Theory of Moral Sentiments, serves as our chief source of insights for understanding and interpreting modern laboratory research in terms of the conventions that govern human conduct in personal exchange.~ At the same time, we wish to demonstrate how today's economic experiments elucidate a reading of Adam Smith.
The Herodotus Paradox, Michael R. Baye, Dan Kovenock, Casper G. De Vries
The Herodotus Paradox, Michael R. Baye, Dan Kovenock, Casper G. De Vries
Economics Faculty Articles and Research
The Babylonian bridal auction, described by Herodotus, is regarded as one of the earliest uses of an auction in history. Yet, to our knowledge, the literature lacks a formal equilibrium analysis of this auction. We provide such an analysis for the two-player case with complete and incomplete information, and in so doing identify what we call the 'Herodotus paradox.'
Sweet Diversity: Colonial Goods And The Welfare Gains From Trade After 1492, Jonathan Hersh, Hans-Joachim Voth
Sweet Diversity: Colonial Goods And The Welfare Gains From Trade After 1492, Jonathan Hersh, Hans-Joachim Voth
Economics Faculty Articles and Research
When did overseas trade start to matter for living standards? Traditional real-wage indices suggest that living standards in Europe stagnated before 1800. In this paper, we argue that welfare rose substantially, but surreptitiously, because of an influx of new goods as a result of overseas trade. Colonial luxuries such as tea, coffee, and sugar transformed European diets after the discovery of America and the rounding of the Cape of Good Hope. These goods became household items in many countries by the end of the 18th century. We use three different methods to calculate welfare gains based on price data and …
Radio Spectrum And The Disruptive Clarity Of Ronald Coase, Thomas W. Hazlett, David P. Porter, Vernon L. Smith
Radio Spectrum And The Disruptive Clarity Of Ronald Coase, Thomas W. Hazlett, David P. Porter, Vernon L. Smith
Economics Faculty Articles and Research
In the Federal Communications Commission, Ronald Coase exposed deep foundations via normative argument buttressed by astute historical observation. The government controlled scarce frequencies, issuing sharply limited use rights. Spillovers were said to be otherwise endemic. Coase saw that Government limited conflicts by restricting uses; property owners perform an analogous function via the “price system.” The government solution was inefficient unless the net benefits of the alternative property regime were lower. Coase augured that the price system would outperform. His spectrum auction proposal was mocked by communications policy experts, opposed by industry interests, and ridiculed by policy makers. Hence, it took …
Social Insurance, Commitment, And The Origin Of Law: Interest Bans In Early Christianity, Jared Rubin
Social Insurance, Commitment, And The Origin Of Law: Interest Bans In Early Christianity, Jared Rubin
Economics Faculty Articles and Research
Despite the historical importance of ideology-based, economically inhibitive laws, we know little about the economic factors underlying their origin. This paper accounts for the historical emergence of one such law: the Christian ban on taking interest--a doctrine that shaped the evolution of numerous financial contracts and related organizational forms. A game-theoretic analysis and historical evidence suggest that the Church's commitment to providing social insurance for its poorest constituents encouraged risky borrowing, which the Church attempted to limit by banning interest. The analysis highlights the applicability of the rational choice framework to seemingly irrational actions and laws, the role of nonmonetary …
Review Of Frances Dinkelspiel's Towers Of Gold: How One Jewish Immigrant Named Isaias Hellman Created California, Lynne Doti
Economics Faculty Articles and Research
A review of "Towers of Gold: How One Jewish Immigrant Named Isaias Hellman Created California."
Effect Of Regulation On Banking: California 1879-1929, Lynne Doti, Richard Runyon
Effect Of Regulation On Banking: California 1879-1929, Lynne Doti, Richard Runyon
Economics Faculty Articles and Research
California had a virtually unregulated banking environment until the first comprehensive banking regulations were passed in 1905. These regulations, and subsequent changes in 1909, required reserves and paid-up capital. Several tests of commonly accepted measures of safety, such as bank reserves, paid-up capital, bank failures, and real estate loans that resulted in foreclosure, are compared for selected years before and after the regulations. Results do not clearly demonstrate that regulation enhanced the safety of individual banks, but do support the conclusion that regulation enhanced the safety of the banking system as a whole.
Banking In Orange County: Early Years, Lynne Doti
Banking In Orange County: Early Years, Lynne Doti
Economics Faculty Articles and Research
This article explores the beginnings of banking in Orange County.
Banking In California: Some Evidence On Structure, 1878-1905, Lynne Doti
Banking In California: Some Evidence On Structure, 1878-1905, Lynne Doti
Economics Faculty Articles and Research
Doti’s thesis explains the contribution of state banks to nineteenth century financial history in the United States.