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Prof. Dr. Armin Falk Biographical Sketch 1998 Phd, University Of
Prof. Dr. Armin Falk Biographical Sketch 1998 PhD, University of Zurich 1998 - 2003 Assistant professor, University of Zurich 2003 - 2005 Lecturer, Central European University (Budapest) 2003 - today Research Director, Institute for the Study of Labor (IZA) 2003 - today Professor of Economics, University of Bonn Affiliations with CESifo, CEPR Research Interests Labor Economics, Behavioral and experimental economics Selected Journal Publications “Fairness Perceptions and Reservation Wages - The Behavioral Effects of Minimum Wage Laws” (with Ernst Fehr and Christian Zehnder), Quarterly Journal of Economic, forthcoming. “Distrust - The Hidden Cost of Control” (with Michael Kosfeld), American Economic Review, forthcoming. “Clean Evidence on Peer Effects” (with Andrea Ichino), Journal of Labor Economics, forthcoming. “A Theory of Reciprocity” (with Urs Fischbacher), Games and Economic Behavior 54 (2), 2006, 293-315. “Driving Forces Behind Informal Sanctions” (with Ernst Fehr and Urs Fischbacher), Econometrica 73 (6), 2005, 2017-2030. “The Success of Job Applications: A New Approach to Program Evaluation” (with Rafael Lalive and Josef Zweimüller), Labour Economics 12 (6), 2005, 739-748. “Choosing the Joneses: Endogenous Goals and Reference Standards” (with Markus Knell), Scandinavian Journal of Economics 106 (3), 2004, 417-435. “Relational Contracts and the Nature of Market Interactions” (with Martin Brown and Ernst Fehr), Econometrica 72, 2004, 747-780. “On the Nature of Fair Behavior” (with Ernst Fehr and Urs Fischbacher), Economic Inquiry 41(1), 2003, 20-26. “Reasons for Conflict - Lessons From Bargaining Experiments” (with Ernst Fehr and Urs Fischbacher), Journal of Institutional and Theoretical Economics 159 (1), 2003, 171-187. “Why Labour Market Experiments?” (with Ernst Fehr), Labour Economics 10, 2003, 399-406. -
Armin Falk IZA and University of Bonn April 2004
I. Introduction Armin Falk IZA and University of Bonn April 2004 Falk: Behavioral Labor Economics: Psychology of Incentives 1/18 This course • Study behavioral effects for labor related outcomes • Empirical studies •Overview – Introduction – Psychology of incentives • Reciprocity and contract enforcement • Dysfunctional effects of explicit incentives • Peer effects • Loss aversion, collusion and sabotage in the presence of tournament incentives – Labor supply – Market behavior • Monopsony and minimum wages • Fairness, efficiency wages and wage rigidities • Incomplete contracts, fairness and the functioning of markets Falk: Behavioral Labor Economics: Psychology of Incentives 2/18 Requirements 1. Take part in the lecture 2. Write a short paper • Either about a summary and discussion of 3 papers • List of topics and papers will be provided • Papers, which are not discussed in this course • Or about a labor economics experiment, which you design, conduct and analyze • Motivation, design, results, discussion • Few observations sufficient • Can also be a field experiment, a theoretical model or the analysis of an existing data set • You can see me and David Huffman to discuss your suggestions Falk: Behavioral Labor Economics: Psychology of Incentives 3/18 Information • Slides can be downloaded – www.iza.org/home/falk • Readers available at IZA Falk: Behavioral Labor Economics: Psychology of Incentives 4/18 Behavioral Economics: From the Nobel Prize laudation “Traditionally, economic theory has relied on the assumption of a "homo œconomicus", whose behavior is governed by self-interest and who is capable of rational decision-making. Economics has also been regarded as a non-experimental science, where researchers – as in astronomy or meteorology – have had to rely exclusively on field data, that is, direct observations of the real world. -
Kranton Duke University
The Devil is in the Details – Implications of Samuel Bowles’ The Moral Economy for economics and policy research October 13 2017 Rachel Kranton Duke University The Moral Economy by Samuel Bowles should be required reading by all graduate students in economics. Indeed, all economists should buy a copy and read it. The book is a stunning, critical discussion of the interplay between economic incentives and preferences. It challenges basic premises of economic theory and questions policy recommendations based on these theories. The book proposes the path forward: designing policy that combines incentives and moral appeals. And, therefore, like such as book should, The Moral Economy leaves us with much work to do. The Moral Economy concerns individual choices and economic policy, particularly microeconomic policies with goals to enhance the collective good. The book takes aim at laws, policies, and business practices that are based on the classic Homo economicus model of individual choice. The book first argues in great detail that policies that follow from the Homo economicus paradigm can backfire. While most economists would now recognize that people are not purely selfish and self-interested, The Moral Economy goes one step further. Incentives can amplify the selfishness of individuals. People might act in more self-interested ways in a system based on incentives and rewards than they would in the absence of such inducements. The Moral Economy warns economists to be especially wary of incentives because social norms, like norms of trust and honesty, are critical to economic activity. The danger is not only of incentives backfiring in a single instance; monetary incentives can generally erode ethical and moral codes and social motivations people can have towards each other. -
Patience and Comparative Development*
Patience and Comparative Development* Thomas Dohmen Benjamin Enke Armin Falk David Huffman Uwe Sunde May 29, 2018 Abstract This paper studies the role of heterogeneity in patience for comparative devel- opment. The empirical analysis is based on a simple OLG model in which patience drives the accumulation of physical capital, human capital, productivity improve- ments, and hence income. Based on a globally representative dataset on patience in 76 countries, we study the implications of the model through a combination of reduced-form estimations and simulations. In the data, patience is strongly corre- lated with income levels, income growth, and the accumulation of physical capital, human capital, and productivity. These relationships hold across countries, sub- national regions, and individuals. In the reduced-form analyses, the quantitative magnitude of the relationship between patience and income strongly increases in the level of aggregation. A simple parameterized version of the model generates comparable aggregation effects as a result of production complementarities and equilibrium effects, and illustrates that variation in preference endowments can account for a considerable part of the observed variation in per capita income. JEL classification: D03, D90, O10, O30, O40. Keywords: Patience; comparative development; factor accumulation. *Armin Falk acknowledges financial support from the European Research Council through ERC # 209214. Dohmen, Falk: University of Bonn, Department of Economics; [email protected], [email protected]. Enke: Harvard University, Department of Economics; [email protected]. Huffman: University of Pittsburgh, Department of Economics; huff[email protected]. Sunde: University of Munich, Department of Economics; [email protected]. 1 Introduction A long stream of research in development accounting has documented that both pro- duction factors and productivity play an important role in explaining cross-country income differences (Hall and Jones, 1999; Caselli, 2005; Hsieh and Klenow, 2010). -
De Angelis Omnia Sunt Communia.Pdf
In Common The architects of our lives are divided. There are those who insist that there is still no alternative to neoliberalism. Despite the many crises it has provoked, they continue to push for compe- tition in every sphere of life, to widen the wealth gap, to ignore climate change and to pursue the steady dispossession of our rights and commonwealth. Then there are those advocating change, those who seek to persuade us that capitalism can be saved from itself. They conceal capitalism behind a human face. They tell us that environmental disaster can be averted through technological solutions. They say that deeply rooted social injustices can be cured with a little more economic growth. That we’ll be safer with more police on our streets. And yet, we know that capitalism is dying, that its lies have been unmasked, that its grip on our world and our lives is maintained only through expropriations, dependency and commodified desires. In Common is a collection of works that see an end to capitalism without apocalypse. It provides us with techniques for building another world, and it narrates practices of alternatives and theories of hope. It is a glimpse into our shared present, for a future in common. In Common is published by Zed Books under the creative commons license. You are free to share this material, transform and build upon it for non-commercial purposes. Series editor: Massimo De Angelis Already published: Stavros Stavrides, Common Space: The City as Commons Omnia Sunt Communia.indd 1 01/03/2017 14:04 Omnia Sunt Communia.indd 2 01/03/2017 14:04 Omnia Sunt Communia On the Commons and the Transformation to Postcapitalism Massimo De Angelis Zed Books LONDON Omnia Sunt Communia.indd 3 01/03/2017 14:04 Omnia Sunt Communia: Principles for the Transition to Postcapitalism was first published in 2017 by Zed Books Ltd, The Foundry, 17 Oval Way, London SE11 5RR, UK. -
Walrasian Economics in Retrospect
A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Bowles, Samuel; Gintis, Herbert Working Paper Walrasian Economics in Retrospect Working Paper, No. 2000-04 Provided in Cooperation with: Department of Economics, University of Massachusetts Suggested Citation: Bowles, Samuel; Gintis, Herbert (2000) : Walrasian Economics in Retrospect, Working Paper, No. 2000-04, University of Massachusetts, Department of Economics, Amherst, MA This Version is available at: http://hdl.handle.net/10419/105719 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu WALRASIAN ECONOMICS IN RETROSPECT∗ Department of Economics University of Massachusetts Amherst, Massachusetts, 01003 Samuel Bowles and Herbert Gintis February 4, 2000 Abstract 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. -
Did We Overestimate the Role of Social Preferences? the Case of Self-Selected Student Samples
Did we overestimate the role of social preferences? The case of self-selected student samples Armin Falk,∗ Stephan Meier,y and Christian Zehnderz July 13, 2010 Abstract Social preference research has fundamentally changed the way economists think about many important economic and social phenomena. However, the em- pirical foundation of social preferences is largely based on laboratory experiments with self-selected students as participants. This is potentially problematic as students participating in experiments may behave systematically different than non-participating students or non-students. In this paper we empirically inves- tigate whether laboratory experiments with student samples misrepresent the importance of social preferences. Our first study shows that students who ex- hibit stronger prosocial inclinations in an unrelated field donation are not more likely to participate in experiments. This suggests that self-selection of more prosocial students into experiments is not a major issue. Our second study com- pares behavior of students and the general population in a trust experiment. We find very similar behavioral patterns for the two groups. If anything, the level of reciprocation seems higher among non-students implying an even greater importance of social preferences than assumed from student samples. Keywords: methodology, selection, experiments, prosocial behavior JEL: C90, D03 ∗University of Bonn, Department of Economics, Adenauerallee 24-42, D-53113 Bonn; [email protected]. yColumbia University, Graduate School of Business, 710 Uris Hall, 3022 Broadway, New York, NY 10027; [email protected]. zUniversity of Lausanne, Faculty of Business and Economics, Quartier UNIL-Dorigny, Internef 612, CH-1015 Lausanne; [email protected]. 1 1 Introduction Social preferences such as trust and reciprocity play an increasingly important role in economics. -
Fairness in the Labour Market a Survey of Experimental Results
Research Collection Working Paper Fairness in the labour market a survey of experimental results Author(s): Gächter, Simon; Fehr, Ernst Publication Date: 2002 Permanent Link: https://doi.org/10.3929/ethz-a-004375058 Rights / License: In Copyright - Non-Commercial Use Permitted This page was generated automatically upon download from the ETH Zurich Research Collection. For more information please consult the Terms of use. ETH Library Institute for Empirical Research in Economics University of Zurich Working Paper Series ISSN 1424-0459 Forthcoming in: Friedel Bolle and Marco Lehmann-Waffenschmidt (eds.): Surveys in Experimental Economics. Bargaining, Cooperation and Election Stock Markets. Physica Verlag 2001. Working Paper No. 114 Fairness in the Labour Market – A Survey of Experimental Results Simon Gächter and Ernst Fehr April 2002 Fairness in the Labour Market – * A Survey of Experimental Results Simon Gächter Ernst Fehr University of St. Gallen University of Zurich FEW-HSG Institute for Empirical Economic Research Varnbüelstrasse 14 Blümlisalpstrasse 10 CH-9000 St. Gallen CH-8006 Zurich [email protected] [email protected] Forthcoming in: Friedel Bolle and Marco Lehmann-Waffenschmidt (eds.): Surveys in Experimental Economics. Bargaining, Cooperation and Election Stock Markets. Physica Verlag 2001. 7 November 2001 Abstract In this chapter we provide a selective survey of experiments to investigate the potential of social motivations in explaining labour market phenomena. We argue that laboratory experiments are a useful instrument to explore issues in labour market theory and personnel economics. Our starting point is the observation that employment relations are frequently governed by incomplete contracts. We show that the norm of reciprocity that leads to gift exchanges is an effective contract enforcement device under conditions of contractual incompleteness. -
Davranişsal Iktisat
Hatime Kamilçelebi DAVRANIŞSAL İKTİSAT IJOPEC PUBLICATION London ijopec.co.uk Istanbul DAVRANIŞSAL İKTİSAT Hatime Kamilçelebi Davranışsal İktisat Hatime Kamilçelebi IJOPEC PUBLICATION London ijopec.co.uk Istanbul IJOPEC Publication Limited www.ijopec.co.uk 60 Westmeade Close E-Mail: [email protected] Cheshunt, Waltham Cross Phone: (+44) 73 875 2361 (UK) Hertfordshire (+90) 488 217 4007 (Turkey) EN7 6JR London Davranışsal İktisat First Edition, December 2019 IJOPEC Publication No: 2019/20 ISBN: 978-1-912503-83-4 No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronically without author’s permission. No responsibility is accepted for the accuracy of information contained in the text, illustrations or advertisements. The opinions expressed in these haptersc are not necessarily those of the editors or publisher. A catalogue record for this book is available from Nielsen Book Data, British Library and Google Books. The publishing responsibilities of the chapters in this book belong to the authors. Printed in London. Composer: IJOPEC Art Design Cover illustrators are from Pinclipart & Freepik İçindekiler Tablolar Listesi ..................................................................................................... 5 Grafikler Listesi .................................................................................................... 6 Ön Söz ................................................................................................................. 7 Giriş .................................................................................................................... -
The Digital Public Domain
THE DIGITAL PUBLIC DOMAIN THE DIGITAL PUBLIC DOMAIN21March.indd 1 3/26/12 3:22 PM Melanie Dulong de Rosnay is a researcher at the CNRS Institute for Communication Sciences and associated researcher at CERSA (CNRS University Paris 2) where she is Creative Commons France legal lead. In 2011 she co-founded Communia international association on the digital public domain, which she currently chairs. She works on comparative public policies for open access and on transformation of regulation introduced by distributed architectures. Juan Carlos De Martin is a Faculty Fellow at the Berkman Center for Internet & Society at Harvard University and co-director of the NEXA Center for Internet & Society at the Turin Polytechnic (Politecnico di Torino), Italy, which he co-founded in 2006. He is a Professor of Computer Engineering, with research interests focusing on digital media processing and transmission. De Martin also serves as a member of the Scientific Board of the Institute of the Italian Encyclopedia Treccani and of the Biennale Democrazia. THE DIGITAL PUBLIC DOMAIN21March.indd 2 3/26/12 3:22 PM The Digital Public Domain: Foundations for an Open Culture Edited by Melanie Dulong de Rosnay and Juan Carlos De Martin THE DIGITAL PUBLIC DOMAIN21March.indd 3 3/26/12 3:22 PM Open Book Publishers CIC Ltd., 40 Devonshire Road, Cambridge, CB1 2BL, United Kingdom http://www.openbookpublishers.com © 2012 Melanie Dulong de Rosnay and Juan Carlos De Martin The articles of this book are licensed under a Creative Commons Attribution 3.0 unported license available at http://creativecommons.org/licenses/by/3.0/ This license allows you to share, copy, distribute and transmit the work; to adapt the work and to make commercial use of the work. -
COMMUNIA Final Report
Deliverable D.1.11 COMMUNIA Final Report ECP‐2006‐PSI‐610001 COMMUNIA http://COMMUNIA‐project.eu/ Final Report Deliverable number/name Deliverable D1.11: Final Report Dissemination level Public Delivery date March 31, 2011 Status FINAL VERSION TO REVIEWERS Main Author Giancarlo F. Frosio This document incorporates the results of several months of discussions among COMMUNIA members. The main author and the project coordinator wish to thank everyone who contributed, and particularly Lucie Guibault, Paul Keller, Séverine Dusollier and Patrick Peiffer whose comments and analyzes have greatly enhanced this text. eContentplus This project is funded under the eContentplus prograMMe,1 a Multiannual CoMMunity prograMMe to Make digital content in Europe More accessible, usable and exploitable. 1 O.J. L 79 (March 24, 2005), at 1. 1 Deliverable D.1.11 COMMUNIA Final Report 2 Deliverable D.1.11 COMMUNIA Final Report CONTENTS CONTENTS ............................................................................................................................................................ 3 COMMUNIA FINAL REPORT .................................................................................................................................. 7 WHAT IS THE PUBLIC DOMAIN? ........................................................................................................................... 7 THE VALUE OF THE PUBLIC DOMAIN FOR EUROPE ................................................................................................. 11 PUBLIC DOMAIN CHALLENGES -
EU Copyright Reform Threatens Open Access and Open Science Open Letter to the Members of the Legal Affairs Committee in the European Parliament
EU copyright reform threatens Open Access and Open Science Open letter to the members of the Legal Affairs Committee in the European Parliament We represent a large group of European academic, library, education, research and digital rights communities and we are writing to express our alarm at the draft Directive on Copyright in the Digital Single Market, and in particular at the potential impact of Articles 11 and 13. We are concerned that these provisions will create burdensome and harmful restrictions on access to scientific research and data, as well as on the fundamental rights of freedom of information, directly contradicting the EU’s own ambitions in the field of Open Access and Open Science. We therefore urge the Legal Affairs Committee to remove Articles 11 and 13 from the draft Directive. Furthermore, the Committee should ensure that Articles 3 to 9 support new forms of research and education and not work against them. A U-turn on Open Science? 1. We believe that increased digital access, data analytics and open information flows will increase innovation in Europe. The European Commission’s Horizon 2020 programme similarly supports open access to scientific publications and research data as essential drivers of EU global competitiveness. The EU has set an example internationally with its extensive policy work, for example by including Open Access in one of its six European Research Area (ERA) priorities. Moreover, in 2016 at the Competitiveness Council, all of Europe’s ministers of science, innovation, trade and industry committed to Open Access to scientific publications as the default option for publicly funded research results by 2020.