In this paper we study the mechanics of “leading by example” in teams. Leadership is beneficial for the entire team when agents are conformists, i.e., dislike effort differentials. We also show how leadership can arise endogenously and discuss what type of leader benefits a team most. JEL codes: C72; D23; D63; J31; L23.

This paper demonstrates the important link between the incomes and wealth of pensioners and their working-life earnings levels. It uses the combination of detailed income and asset information and working-life history information available in the British Household Panel Survey. The proportionality predicted by a simple “stripped down” form of the life-cycle model is supported for pensioner coup...

We study a simple savings scheme that allows workers to defer receipt of part their wages for three months at zero interest. The significantly increases during the deferral period, leading higher postdisbursement spending on lumpy goods. Two years later, after two additional rounds scheme, we find treated have made permanent improvements homes. popularity implies lack good alternative options. ...

This paper is concerned with learning decision-makers’ preferences using data on observed choices from a finite set of risky alternatives. We propose discrete choice model unobserved heterogeneity in consideration sets and standard risk aversion. obtain sufficient conditions for the model’s semi-nonparametric point identification, including cases where depends some exogenous variables. Our meth...

We study two-player games where one-sided asymmetric information can lead to either adverse or advantageous selection. contrast behavior in these with settings both players are uninformed. find stark differences, suggesting that subjects do account for endogenous selection effects. Removing strategic uncertainty increases the fraction of who Subjects respond more than Using additional treatment...

We provide experimental evidence on coordination within large groups that could proxy the atomistic nature of real-world markets. use a bank run game where two pure-strategy equilibria can be ranked by payoff and risk dominance sequence public announcements introduces stochastic sunspot equilibria. find systematic group size effects theory fails to predict. When payoff-dominant strategy is risk...

We analyze the implications of several principles related to the concept of equal (and prioritarian) entitlement to continued life. These principles, when modeled as axioms for the evaluation of health distributions, and combined with some other structural axioms, provide several characterization results of focal population health evaluation functions. JEL numbers: D63, I10.

We study minimum cost spanning tree problems and de…ne a cost sharing rule that satis…es many more properties than other rules in the literature. Furthermore, we provide an axiomatic characterization based on monotonicity properties. Keywords: Spanning tree. Cost allocation. Monotonicity. JEL Classi…cation Numbers: C71, D63, D7.

In the context of resource allocation on the basis of responsive priorities, Ergin (2002) identifies a necessary and sufficient condition for the deferred acceptance rule to satisfy a consistency principle. In this note we extend this result to the domain of substitutable priorities, complementing results of Kojima and Manea (2010) and Kumano (2009). JEL classification: D63, C78.

This paper discusses inequality orderings based explicitly on closing up of income gaps, demonstrating the links between these and other orderings, the classes of functions preserving the orderings and applications showing their usefulness in comparison of economic policies. JEL: D31, D63