Over the past two decades, endowments have become an increasingly important component of the typical university’s resource base. We examine how U.S. doctoral institutions’ endowment payout policies and spending decisions are affected by financial market shocks to endowments. While most endowments have formal payout policies intended to smooth payouts over time, we find that universities are mor...

We study the effect of entitlement on willingness to lie. set up a model lying where individuals feel more or less entitled their endowment depending how they earned it. When given opportunity lie keep endowment, who are encouraged while others discouraged. To test predictions we use laboratory experiment compare behavior participants endowed with high and low endowment. In one treatment, alloc...

Acquiring a good seems to increase its value to the owner, as consumers show reluctance to trade away their possessions for similarly valuable money or other goods. The established explanation for this endowment effect is that consumers evaluate potential trades with respect to their current holdings. From this perspective, selling prices exceed buying prices because owners of a good regard its...

Improving the health of communities is a foundational mission of the Medical college of Wisconsin (McW). the last 10 years have been characterized by substantial progress in fulfillment of our promise to the public, and plans for the future are poised to be even more transformative. the enhanced capacity to effect change began with blue cross & blue Shield united of Wisconsin’s decision in 1999...