Friedrich Hayek argumentó que el intervencionismo manipula “conocimiento local” dentro de la sociedad, lo cual es perjudicial para su economía. Tras una explicación sobre cómo puede alterar carácter las personas, este artículo se enfoca en manipulación del conocimiento local ciudad a través “planificación urbana racionalista” particular. Después contextualizar debate entre Jane Jacobs y Robert ...

Social Deprivation and Exclusion of Immigrants in Germany This paper aims at providing empirical evidence on social exclusion of immigrants in Germany. We demonstrate that when using a conventional definition of the social inclusion index typically applied in the literature, immigrants appear to experience a significant degree of social deprivation and exclusion, confirming much of the economic...

The paper extends Breggren et al. (2008, EE) on ‘trust and growth: a shaky relationship” by incorporating recent developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of outliers. The empirical evidence is based on 63 countries. Two main findings are established. First, the substantially documented positive trust-growth nexus i...

In laboratory public goods experiments, subjects make decisions about how much of a fixed endowment to contribute to the production of a public good in a sequence of periods. The nature of subjects’ responses to information about others’ decisions can help distinguish between alternative motives for giving, such as altruism, warm glow, reciprocity and inequality aversion. In this paper we reana...

Most industrialized countries have increased access to abortion over the past 30 years. Economic theory predicts that abortion laws affect sexual behavior since they change the marginal cost of having risky sex. We use gonorrhea incidence as a metric of risky sexual behavior. Using a panel of 41 North American, European and Central Asian countries over the period 1980-2000, we estimate the impa...

Do Professionals Choke Under Pressure? High rewards or the threat of severe punishment do not only provide incentives to exert high levels of effort but also create pressure. Such pressure can cause paradoxical performance effects, namely performance decrements despite strong incentives and high motivation. By analyzing the performance of professional football players on a well-defined task, na...

Empirical evidence suggests that people on average overestimate their own ability in a variety of circumstances. Little is known, however, about the origins of such overconfidence. To shed some light on this issue, we use the classic twin design to estimate the genetic and environmental contributions to individual differences in overconfidence. We collect data on overconfidence among 460 twin p...

Policies and explicit incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is pervasive, and that crowding in also occurs. A model in which self-regarding and social preferences may be either s...

We study the decisions agents make in two queueing games with endogenously determined arrivals and batch service. In both games, agents are asked to independently decide when to join a queue, or they may simply choose not to join it at all. The symmetric mixed-strategy equilibrium of two games in discrete time where balking is prohibited and where it is allowed are tested experimentally in a st...

In this study I construct a novel explanation for inequality persistence and then present supporting evidence from two separate experiments. Building on Just World Beliefs research (Lerner, 1965), I hypothesize that individuals tend to believe they merit the unequal treatment they experience. Because a component of merit is ability, being disadvantaged (advantaged) by inequality may undermine (...