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Philippe Gagnepain et Marc Ivaldi
n° 16-697, septembre 2016
This article focuses on the life insurance industry in France and attempts to shed light on whether the insurers behave in a competitive fashion, or whether, on the contrary, they take coordinated decisions. We propose several empirical tests, which entail the estimation of the Boone indicator, a...
Katrin Cremers, Fabian Gaessler, Dietmar Harhoff, Christian Helmers et Yassine Lefouili
n° 16-698, septembre 2016
In bifurcated patent litigation systems, claims of infringement and validity of a patent are decided independently of each other in separate court proceedings at different courts. In non-bifurcated systems, infringement and validity are decided jointly in the same proceedings at a single court. We...
Fred Schroyen et Nicolas Treich
n° 16-699, septembre 2016
The relationship between wealth and power has long been debated. Nevertheless, this relationship has been rarely studied in a strategic game. In this paper, we study wealth effects in a strategic contest game. Two opposing effects arise: wealth reduces the marginal cost of effort but it also...
Jean-Paul Azam et Mario Ferrero
n° 16-700, septembre 2016
Ingela Alger et Jörgen W. Weibull
n° 16-702, septembre 2016
Since the publication of Adam Smithís Wealth of Nations, it has been customary among economists to presume that economic agents are purely selfinterested. However, research in experimental and behavioral economics has shown that human motivation is more complex and that observed behavior is often...
Daniel L. Chen et Martin Schonger
n° 16-703, septembre 2016, révision février 2020
Ambiguity aversion has been used to explain a wide range of phenomena in law and policy: incomplete contracts, stock market volatility, abstention from voting, and why prosecutors offer and defendants accept harsh plea bargains. This paper presents evidence problematizing the experimental basis for...
Carlos Berdejo et Daniel L. Chen
n° 16-704, septembre 2016
We find field evidence for what experimental studies have documented regarding the contexts and characteristics that make individuals more susceptible to priming. Just before U.S. Presidential elections, judges on the U.S. Courts of Appeals double the rate at which they dissent and vote along...
Daniel L. Chen et Susan Yeh
n° 16-705, septembre 2016
Does law shape values? We test a model of law and norms using an area of law where economic incentives are arguably not the prime drivers of social change. From 1958–2008, Democratic judges were more likely than Republicans to favor progressive free speech standards. Using the random assignment of...
Daniel L. Chen
n° 16-706, septembre 2016, révision février 2020
During World War I, the British military condemned over 3,000 soldiers to death, but only executed 12% of them; the others received commuted sentences. Many historians believe that the military command confirmed or commuted sentences for reasons unrelated to the circumstances of a particular case...
n° 16-707, septembre 2016, révision février 2017
I detect intra-judge variation in judicial decisions driven by factors completely unrelated 5 to the merits of the case, or to any case characteristic for that matter. Concretely, I show that asylum 6 grant rates in U.S. immigration courts differ by the success of the court city’s NFL team on the...
