We investigate the effects of different forms and sources of income (labor, asset, welfare, and other transfers) and wealth (home equity and other wealth) on household charitable donations (total, religious, secular, combined causes, and the needy) using data from the philanthropy module of the PSID. There are significant differences among income and wealth elasticities from each source. Thus w...

We investigate how economists would choose among academic positions as a function of the levels of attributes such as department rank, their teaching load, and their salary. We identified all 1735 faculty in the top fifty economics departments and asked each five "Would you prefer to work in Department A or Department B," questions." A latentclass choice model was estimated, indentifying four c...

The aim of this paper is to evidence that non-economic factors, such as culture, emotions and ethics, can be seen an important force in influencing human economic behavior action. This conducted by putting the homo economicus notion into perspective history thought and, more specifically, John Stuart Mill. More Mill’s institutional individualism, presented his System Logic (1843), relativity do...

Human decision making has become one of the major research-foci in economics, marketing and in neuroscience. This study integrates perspectives from these disciplines by examining neurophysiological correlates to Reference-dependence of utility evaluations in real market contexts both before and after choice. First, by comparing buying and selling decisions, we observe an activation of the amyg...

My primary research interest concerns product pricing with market power. In some cases my research is motivated by observing perplexing pricing patterns and asking what about the environment, the objectives of sellers, or biases of customers can lead to such pricing? In other cases my motivation is reversed: I am intrigued by an interesting environment or regulatory intervention and ask what ar...

1567-4223/$ see front matter ̆ 2011 Elsevier B.V. doi:10.1016/j.elerap.2011.06.001 ⇑ Corresponding author. E-mail address: [email protected] (M. Xia). In consumer-to-consumer (C2C) markets, sellers can manipulate their reputation by employing a large number of puppet buyers who offer positive feedback on fake transactions. We present a conceptual framework to identify the characteristics of collusive...

Abstract Neoliberalism has permeated every sphere of social life, including education and language learning, seeking to produce a particular kind subject, homo economicus , with the dispositions required manage self as an economic project. This article unravels workings unfulfilled promise neoliberal English its damaging consequences on high-achieving female university graduate in context conte...

Two basic tenets of the Walrasian model, behavior based on self-interested exogenous preferences and complete and costless contracting have recently come under critical scrutiny. First, social norms and psychological dispositions extending beyond the selfish motives of Homo economicus may have an important bearing on outcomes, even in competitive markets. Second, market outcomes depend on strat...

This paper examines the validity of the rational expectations hypothesis (REH) in the case of Croatian consumers and their inflation estimates. The added value of this paper in comparison to previous similar studies lies in the state space methodology, allowing the authors to test for potential time variability of the estimated relationship between actual and expected inflation. The obtained re...