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Reexamining how utility and weighting functions get their shapes: a quasi-adversarial collaboration providing a new interpretation (2019)
Journal Article
Alempaki, D., Canic, E., Mullett, T., Skylark, W., Starmer, C., Stewart, N., & Tufano, F. (2019). Reexamining how utility and weighting functions get their shapes: a quasi-adversarial collaboration providing a new interpretation. Management Science, doi:10.1287/mnsc.2018.3170

Stewart, Reimers and Harris (2015, SRH hereafter) demonstrated that shapes of utility and probability weighting functions could be manipulated by adjusting the distributions of outcomes and probabilities on offer, as predicted by the theory of Decisi... Read More

Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act (2019)
Journal Article
Impullitti, G., Kneller, R., & McGowan, D. (in press). Demand-driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act. Journal of Industrial Economics,

We present novel evidence on the effect of market size on technology adoption and productivity. Our tests exploit a natural experiment in the US corn industry where changes to national energy policy created exogenous increases in demand. Difference-i... Read More

Preferences for truth-telling (2019)
Journal Article
Abeler, J., Nosenzo, D., & Raymond, C. (2019). Preferences for truth-telling. Econometrica, 87(4), 1115-1153. doi:10.3982/ECTA14673

Private information is at the heart of many economic activities. For decades, economists have assumed that individuals are willing to misreport private information if this maximizes their material payoff. We combine data from 90 experimental studies... Read More

Implementation in Pakistan of the US Integrated Cargo Containers Control Programme: Trade Facilitating or Not? (2019)
Journal Article
Ali, S., Kneller, R., & Milner, C. (in press). Implementation in Pakistan of the US Integrated Cargo Containers Control Programme: Trade Facilitating or Not?. Canadian Journal of Economics / Revue Canadienne d'Économique,

Using novel firm level data we examine the trade effect of the changed security arrangements for Pakistan's exports to the US following 9/11. The pre-shipment scanning facility introduced by the Integrated Cargo Container Control programme, following... Read More

Academic salaries and public evaluation of university research: evidence from the UK Research Excellence Framework (2019)
Journal Article
De Fraja, G., Facchini, G., & Gathergood, J. (2019). Academic salaries and public evaluation of university research: evidence from the UK Research Excellence Framework. Economic Policy, doi:10.1093/epolic/eiz009

We study the effects of public evaluation of university research on the pay structures of academic departments. A simple equilibrium model of university pay determination shows how the pay-performance relationship can be explained by the incentives i... Read More

What is the association between price and economic activity with cigarette consumption in Cuba from 1980 to 2014? (2019)
Journal Article
Varona-Perez*, P., Bridges, S., Lorenzo-Vazquez, E., Suarez-Medina, R., Venero-Fernandez, S., Langley, T., …Fogarty, A. W. (2019). What is the association between price and economic activity with cigarette consumption in Cuba from 1980 to 2014?. Public Health, 173, 126-129. doi:10.1016/j.puhe.2019.05.014

Objectives: Cuba is a tobacco producing country that has been economically isolated as a consequence of an embargo imposed by the USA, and has also experienced a severe economic depression in the 1990s after the withdrawal of support by the former So... Read More

Hedonic adaptation to treatment: evidence from a medical intervention (2019)
Journal Article
Owens, T., Barazzetta, M., & Appleton, S. (2019). Hedonic adaptation to treatment: evidence from a medical intervention. Journal of Development Studies, doi:10.1080/00220388.2019.1618450

We investigate whether changes in life circumstances lead to long-lasting changes in subjective well-being using a medical intervention that provided orthotic equipment to Ugandan adults with lower limb disabilities. The intervention had a positive e... Read More

Promoting voter registration: the effects of low-cost interventions on behaviour and norms (2019)
Journal Article
Kölle, F., Lane, T., Nosenzo, D., & Starmer, C. (2019). Promoting voter registration: the effects of low-cost interventions on behaviour and norms. Behavioural Public Policy, doi:10.1017/bpp.2019.10

We report two studies investigating whether, and if so how, different low-cost interventions affect voter registration rates. Low-cost message-based interventions are increasingly used to promote target behaviours. While growing evidence shows that s... Read More

The red, the black, and the plastic: paying down credit card debt for hotels not sofas (2019)
Journal Article
Quispe-Torreblanca, E., Stewart, N., Gathergood, J., & Loewenstein, G. (2019). The red, the black, and the plastic: paying down credit card debt for hotels not sofas. Management Science, doi:10.1287/mnsc.2018.3195

Using transaction data from a sample of 1.8 million credit card accounts, we provide the first field test of a major prediction of Prelec and Loewenstein’s (1998) theory of mental accounting: that consumers will pay off expenditure on transient form... Read More

Credit Constraints and the Inverted‐U Relationship Between Competition and Innovation (2019)
Journal Article
Bonfatti, R., & Pisano, L. (2019). Credit Constraints and the Inverted‐U Relationship Between Competition and Innovation. Economica, doi:10.1111/ecca.12312

Empirical studies have uncovered an inverted‐U relationship between product‐market competition and innovation. This is inconsistent with the original Schumpeterian model, where greater competition always reduces the profitability of innovation and th... Read More

China's "Great Migration": the impact of the reduction in trade policy uncertainty (2019)
Journal Article
Facchini, G., Liu, M. Y., Maria Mayda, A., & Zhou, M. (2019). China's "Great Migration": the impact of the reduction in trade policy uncertainty. Journal of International Economics, 120, 126-144. doi:10.1016/j.jinteco.2019.04.002

We analyze the effect of China's integration into the world economy on workers in the country and show that one important channel of impact has been internal migration. Specifically, we study the changes in internal migration rates triggered by the r... Read More

The role of information in nonstationary regression (2019)
Journal Article
Marsh, P. (2019). The role of information in nonstationary regression. Statistics, 53(3), 656-672 . doi:10.1080/02331888.2019.1605516

The role of standard likelihood based measures of information and efficiency is unclear when regressions involve nonstationary data. Typically the standardized score is not asymptotically Gaussian and the standardized Hessian has a stochastic, rather... Read More

Consumption changes, not income changes, predict changes in subjective well-being (2019)
Journal Article
Brown, G. D. A., & Gathergood, J. (2019). Consumption changes, not income changes, predict changes in subjective well-being. Social Psychological and Personality Science, doi:10.1177/1948550619835215

Does happiness depend on what one earns or what one spends? Income is typically found to have small beneficial effects on well-being. However, economic theory suggests that well-being is conferred not by income but by consumption (i.e., spending on g... Read More

Discriminating between models of ambiguity attitude: a qualitative test (2019)
Journal Article
Cubitt, R., van de Kuilen, G., & Mukerji, S. (2019). Discriminating between models of ambiguity attitude: a qualitative test. Journal of the European Economic Association, doi:10.1093/jeea/jvz005

During recent decades, many new models have emerged in pure and applied economic theory according to which agents’ choices may be sensitive to ambiguity in the uncertainty that faces them. The exchange between Epstein (2010) and Klibanoff et al. (201... Read More

Cooperation in polygynous households (2019)
Journal Article
Barr, A., Dekker, M., Janssens, W., Kebede, B., & Kramer, B. (2019). Cooperation in polygynous households. American Economic Journal: Applied Economics, 11(2), 266-283. doi:10.1257/app.20170438

Using a carefully designed series of public goods games, we compare, across monogamous and polygynous households, the willingness of husbands and wives to cooperate to maximize household gains. Compared to monogamous husbands and wives, polygynous hu... Read More

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. doi: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

The Magnitude of the Task Ahead: Macro Implications of Heterogeneous Technology (2019)
Journal Article
Eberhardt, M., & Teal, F. (2019). The Magnitude of the Task Ahead: Macro Implications of Heterogeneous Technology. Review of Income and Wealth, doi:10.1111/roiw.12415

The empirical growth literature is dominated by accounting and regression methods which assume common production technology across countries. Our empirical model relaxes this assumption and further allows unobservable determinants of output (Total Fa... Read More

Properties of the power envelope for tests against both stationary and explosive alternatives: the effect of trends (2019)
Journal Article
Marsh, P. (2019). Properties of the power envelope for tests against both stationary and explosive alternatives: the effect of trends. Journal of Time Series Analysis, doi:10.1111/jtsa.12458

This paper details a precise analytic e¤ect that inclusion of a linear trend has on the power of Neyman-Pearson point optimal unit root tests and thence the power envelope. Both stationary and explosive alternatives are considered. The envelope can b... Read More

Better performing NGOs do report more accurately?: evidence from investigating Ugandan NGO financial accounts (2019)
Journal Article
Burger, R., Dang, C. T., & Owens, T. (2019). Better performing NGOs do report more accurately?: evidence from investigating Ugandan NGO financial accounts. Economic Development and Cultural Change, doi:10.1086/703099

Improving ways to assess development outcomes and to identify corruption is considered imperative for NGO sustainability. Yet, little has been done to understand the connection between the effectiveness of NGOs and their financial accountability. We... Read More

Wage stickiness, offshoring and unemployment (2019)
Journal Article
Aloi, M., & Hoefele, A. (2019). Wage stickiness, offshoring and unemployment. Economics Letters, 177, 56-59. doi:10.1016/j.econlet.2019.01.025

This note investigates how the effect of offshoring on unemployment is influenced by the wage setting process. We assume staggered wage contracts in an otherwise standard search and matching model. In this setup, the contract wage depends also on exp... Read More