Behavioral Economics Commons^™

State Regulations Of Smoking In Public Places: Determinants And Implications On The Demand For Smoking And Consumers' Behavior, Ioana Raluca Mazare

Dissertations

No abstract provided.

Ex Parte Declaration Of Peter Cramton, Peter Cramton

Peter Cramton

Further comments on the CMRS spectrum cap. For Leap Wireless.

Dynamic Learning In A Two-Person Experimental Game, Charles F. Mason, Owen R. Phillips

Charles F Mason

No abstract provided.

The Economic Cost Of Depressive Disorders: Evidence From A Large Midwest Public University, Alketa Hysenbegasi

Dissertations

This dissertation aims to estimate the total cost of depression and the benefits of its treatment per diagnosed depressed student in Western Michigan University. To accomplish this, first, I measure the overall impact of depression and the effectiveness of its treatment on the student school performance. The empirical evidence show that diagnosed depression decreases student GPA by 0.48 points (almost a half grade), but this impairment is reduced by treatment about 0.43 points. Further, I develop and validate different measurements of student school performance and I observe that the negative effect of diagnosed depression and the positive effect of treatment …

Uniform Pricing Or Pay-As-Bid Pricing: A Dilemma For California And Beyond, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors

Peter Cramton

Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion of capacity.

Self-Injurious Behavior As A Window To The Soul: Support For A Will To Power?, Ibpp Editor

International Bulletin of Political Psychology

This article describes a rationale for self-injurious behavior in the political world

Affidavit Of Peter Cramton, Peter Cramton

Peter Cramton

Comment on modifications to installed capability market. For ISO New England.

Lessons Learned From The Uk 3g Spectrum Auction, Peter Cramton

Peter Cramton

No abstract provided.

Market Effectiveness Assessment, Peter Cramton, Jeffrey Lien

Peter Cramton

No abstract provided.

2000 Biennial Regulatory Review Spectrum Aggregation Limits For Commercial Mobile Radio Services, Wt Docket No. 01-14, Federal Communications Commission, "Declaration Of Peter Cramton,", Peter Cramton

Peter Cramton

No abstract provided.

Reply Declaration Of Peter Cramton, Peter Cramton

Peter Cramton

Further comments on the impact of a delayed sale of spectrum license by Pacific Communication. For American Wireless.

Mapping The Discipline Of The Olympic Games: An Author Cocitation Analysis, Peter Warning, Rosie Ching, Kristine Toohey

Research Collection School Of Economics

The authors conducted an author cocitation analysis on prominent authors writing about the Olympics during the 1990s. Author cocitation is an established bibliometric technique that can be used to measure the relative similarities of topics written about by the cited authors. This enables a visual representation of the “intellectual space” of the discipline, in this case the Olympics, to be created for the period under review. So core and peripheral research areas are identified, along with their major contributors. The representation appears as a two-dimensional cluster-enhanced map. Subject expertise was then applied to the results to place labels on the …

Bargaining With Incomplete Information, Peter Cramton, Lawrence M. Ausubel, Raymond J. Deneckere

Peter Cramton

A central question in economics is understanding the difficulties that parties have in reaching mutually beneficial agreements. Informational differences provide an appealing explanation for bargaining inefficiencies. This chapter provides an overview of the theoretical and empirical literature on bargaining with incomplete information. The chapter begins with an analysis of bargaining within a mechanism design framework. A modern development is provided of the classic result that, given two parties with independent private valuations, ex post efficiency is attainable if and only if it is common knowledge that gains from trade exist. The classic problems of efficient trade with one-sided incomplete information …

Declaration Of Peter Cramton, Peter Cramton

Peter Cramton

Comments on the impact of fronts in the C and F Block Broadband PCS auction.

The Optimality Of Being Efficient, Peter Cramton, Lawrence M. Ausubel

Peter Cramton

In an optimal auction, a revenue-optimizing seller often awards goods inefficiently, either by placing them in the wrong hands or by withholding goods from the market. This conclusion rests on two assumptions: (1) the seller can prevent resale among bidders after the auction; and (2) the seller can commit to not sell the withheld goods after the auction. We examine how the optimal auction problem changes when these assumptions are relaxed. In sharp contrast to the no resale assumption, we assume perfect resale: all gains from trade are exhausted in resale. In a multiple object model with independent signals, we …

Expert Affidavit Of Peter Cramton, Peter Cramton

Peter Cramton

Comments on the impact of a delayed sale of spectrum license by Pacific Communication. For American Wireless.

Pricing In The California Power Exchange Electricity Market: Should California Switch From Uniform Pricing To Pay-As-Bid Pricing?, Peter Cramton, Alfred E. Kahn, Robert H. Porter, Richard D. Tabors

Peter Cramton

No abstract provided.

On Insider Trading, Markets, And "Negative" Property Rights In Information, Zohar Goshen, Gideon Parchomovsky

All Faculty Scholarship

No abstract provided.

Time-Shifted Rationality And The Law Of Law's Leverage: Behavioral Economics Meets Behavioral Biology, Owen D. Jones

Vanderbilt Law School Faculty Publications

A flood of recent scholarship explores legal implications of seemingly irrational behaviors by invoking cognitive psychology and notions of bounded rationality. In this article, I argue that advances in behavioral biology have largely overtaken existing notions of bounded rationality, revealing them to be misleadingly imprecise - and rooted in outdated assumptions that are not only demonstrably wrong, but also wrong in ways that have material implications for subsequent legal conclusions. This can be remedied. Specifically, I argue that behavioral biology offers three things of immediate use. First, behavioral biology can lay a foundation for both revising bounded rationality and fashioning …

The Evolution Of Irrationality, Owen D. Jones

Vanderbilt Law School Faculty Publications

The place of the rational actor model in the analysis of individual and social behavior relevant to law remains unresolved. In recent years, scholars have sought frameworks to explain: a) disjunctions between seemingly rational behavior and seemingly irrational behavior; b) the origins of and influences on law-relevant preferences, and c) the nonrandom development of norms. This Article explains two components of an evolutionary framework that, building from accessible insights of behavioral biology, can encompass all three. The components are: "time-shifted rationality" and "the law of law's leverage."

The Moral Conditions Of Economic Efficiency, Walter J. Schultz

Faculty Books

Schultz illustrates the deficiencies of theories that purport to show that markets alone can provide the basis for efficiency. He argues that markets are not moral-free zones, and that achieving the economic common good does indeed require morality. He demonstrates that efficient outcomes of market interaction cannot be achieved without moral normative constraints and then goes on to specify a set of normative conditions that make these positive outcomes possible.

Altruistically Inclined?: The Behavioral Sciences, Evolutionary Theory, And The Origins Of Reciprocity, Alexander J. Field

Faculty Book Gallery

Altruistically Inclined? examines the implications of recent research in the natural sciences for two important social scientific approaches to individual behavior: the economic/rational choice approach and the sociological/anthropological. It considers jointly two controversial and related ideas: the operation of group selection within early human evolutionary processes and the likelihood of modularity—domain-specific adaptations in our cognitive mechanisms and behavioral predispositions.

Experimental research shows that people will often cooperate in one-shot prisoner's dilemma (PD) games and reject positive offers in ultimatum games, contradicting commonly accepted notions of rationality. Upon first appearance, predispositions to behave in this fashion could not have been favored …

Why Do We Consume So Much?, Juliet B. Schor

Clemens Lecture Series

No abstract provided.

Risk, Death And Time: A Comment On Judge Williams’ Defense Of Cost-Benefit Analysis, Matthew D. Adler

Faculty Scholarship

No abstract provided.

Redefining The U.S. Hispanic Market: Generation N And American Society, Cindy L. Pino

Seton Hall University Dissertations and Theses (ETDs)

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Exploring Gender And Economic Development In Appalachia, Melissa Latimer, Ann M. Oberhauser

Ann Oberhauser