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We combine societal-level institutional measures from 51 countries between 1996 and 2017 with individual decision-making outcome data from 1,126 laboratory experiments in six meta-analyses to evaluate the effects of within-country institutional change on pro-social and Nash behavior.
Marginal Revolution is the blog of Tyler Cowen and Alex Tabarrok, both of whom teach at George Mason University. MR began in August of 2003 and there have been new posts daily since that time.
Categories. To see posts by category, select one of the options below. Books. Current Affairs. Data Source. Economics. Education. Film. Food and Drink.
Modern Principles means modern content and modern delivery. We cover material that many other textbooks ignore, such as how managers should choose between piece rates and tournaments and how firms can increase their profits using clever forms of price discrimination such as bundling and tying.
I find a net increase in aggregate welfare: the average worker is willing to pay $329 per year (0.8 percent of income) to live in a large city with Amazon. The welfare gains are primarily driven by rising home values; the increase in employment, wages, and sectoral shifts account for only one-tenth of the increase.
Saturday assorted links. by Tyler Cowen October 26, 2024 at 12:59 pm. 1. Samuel Siskind, Awake, he is a 17-year-old composer. And Les Aunties, female vocalists from Chad. 2. Forthcoming Nvidia book. 3. Emory University invests in Bitcoin.
Unintended Consequences. by Alex Tabarrok September 24, 2024 at 7:17 am. Courtesy of MRU here are two new econ-practice games on negative externalities and positive externalities. Great for students.
What Gandhi was opposing was the Nehruvian state led industrialization. And unlike Acemoglu Gandhi was against the use of state power to promote and enforce his personal vision for India. Gandhi has been both mispresented and severely underated by both libertarians and the left.
Had Newsom signed the bill into law, it would have laid the groundwork for how AI is regulated across the U.S., as California is home to the top companies in the industry. Proposals to regulate AI nationally have made little progress in Washington.
Tomorrow’s Nobel. by Tyler Cowen October 13, 2024 at 10:29 pm in. Economics. Alas, I am at a day-long event tomorrow, and from an unfavorable time zone, so probably won’t have much to say about the new Nobel pick. Alex will be here, however. Apologies to you all!