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All Outputs (8)

Law and Norms: Empirical Evidence (2023)
Journal Article
Lane, T., Nosenzo, D., & Sonderegger, S. (2023). Law and Norms: Empirical Evidence. American Economic Review, 113(5), 1255-1293. https://doi.org/10.1257/aer.20210970

A large theoretical literature argues laws exert a causal effect on norms, but empirical evidence remains scant. Using a novel identification strategy, we provide a compelling empirical test of this proposition. We use incentivized vignette experimen... Read More about Law and Norms: Empirical Evidence.

Optimal similarity judgments in intertemporal choice (and beyond) (2020)
Journal Article
Adriani, F., & Sonderegger, S. (2020). Optimal similarity judgments in intertemporal choice (and beyond). Journal of Economic Theory, 190, Article 105097. https://doi.org/10.1016/j.jet.2020.105097

We use a simple cost-benefit analysis to derive optimal similarity judgments – addressing the question: when should we expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive resour... Read More about Optimal similarity judgments in intertemporal choice (and beyond).

A theory of esteem based peer pressure (2019)
Journal Article
Adriani, F., & Sonderegger, S. (2019). A theory of esteem based peer pressure. Games and Economic Behavior, 115, 314-335. https://doi.org/10.1016/j.geb.2019.03.010

How does the incentive to engage in social signaling depend on the composition of peers? We find that an increase in the mean peer quality may either strengthen signaling incentives (keeping up with the Joneses) or weaken them (small fish in a big po... Read More about A theory of esteem based peer pressure.

Teaching by example and induced beliefs in a model of cultural transmission (2017)
Journal Article
Adriani, F., Matheson, J. A., & Sonderegger, S. (2018). Teaching by example and induced beliefs in a model of cultural transmission. Journal of Economic Behavior and Organization, 145, https://doi.org/10.1016/j.jebo.2017.11.031

We augment standard models of cultural transmission with an explicit account of social learning, grounded in the information transmission literature. Youngsters observe the behavioral trait of a role model and form beliefs about the desirability of t... Read More about Teaching by example and induced beliefs in a model of cultural transmission.

Signaling about norms: socialization under strategic uncertainty (2017)
Journal Article
Adriani, F., & Sonderegger, S. (2018). Signaling about norms: socialization under strategic uncertainty. Scandinavian Journal of Economics, 120(3), 685-716. https://doi.org/10.1111/sjoe.12240

We consider a signaling model where adults possess information about the dominant social norm. Children want to conform to whatever norm is dominant but, lacking accurate information, take the observed behavior of their parent as representative. We s... Read More about Signaling about norms: socialization under strategic uncertainty.

The costs and benefits of coordinating with a different group (2015)
Journal Article
Grout, P. A., Mitraille, S., & Sonderegger, S. (2015). The costs and benefits of coordinating with a different group. Journal of Economic Theory, 160, https://doi.org/10.1016/j.jet.2015.09.006

We consider a setup where agents care about i) taking actions that are close to their preferences, and ii) coordinating with others. The preferences of agents in the same group are drawn from the same distribution. Each individual is exogenously matc... Read More about The costs and benefits of coordinating with a different group.

Trust, trustworthiness and the consensus effect: an evolutionary approach (2015)
Journal Article
Adriani, F., & Sonderegger, S. (2015). Trust, trustworthiness and the consensus effect: an evolutionary approach. European Economic Review, 77, https://doi.org/10.1016/j.euroecorev.2015.04.003

People often form expectations about others using the lens of their own attitudes (the so-called consensus effect). We study the implications of this for trust and trustworthiness in an evolutionary model where social preferences are endogenous. Trus... Read More about Trust, trustworthiness and the consensus effect: an evolutionary approach.

How do Financial Intermediaries Create Value in Security Issues? (2013)
Journal Article
Adriani, F., Deidda, L., & Sonderegger, S. (2014). How do Financial Intermediaries Create Value in Security Issues?. Review of Finance, 18(5), 1915-1951. https://doi.org/10.1093/rof/rft027

We study incentive provision in a model of securities issuance with an informed issuer and uninformed investors. We show that the presence of an informed intermediary may increase surplus even if we allow for collusion between the intermediary and th... Read More about How do Financial Intermediaries Create Value in Security Issues?.