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Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices

By Daniel J. Benjamin, Ori Heffetz, Miles S. Kimball, and Alex Rees-Jones

òòò½Íø Review, November 2014

We survey 561 students from U.S. medical schools shortly after they submit choice rankings over residencies to the National Resident Matching Program. We elicit (a) these choice rankings, (b) anticipated subjective well-being (SWB) rankings, and (c) expec...

Using Artefactual Field Experiments to Learn about the Incentives for Sustainable Forest Use in Developing Economies

By Maarten Voors, Erwin Bulte, Andreas Kontoleon, John A. List, and Ty Turley

òòò½Íø Review, May 2011

We implement a public goods game and a social intervention modeled after a public goods game in rural Sierra Leone near the Gola Forest Reserve. We also collect demographic, economic and forest conservation data on households in the area. We use this data...

The Role of Theory in Field Experiments

[Symposium: Field Experiments]

By David Card, Stefano DellaVigna, and Ulrike Malmendier

Journal of Economic Perspectives, Summer 2011

We classify all published field experiments in five top economics journals from 1975 to 2010 according to how closely the experimental design and analysis are linked to economic theory. We find that the vast majority of field experiments (68 percent) are ...

Symposium on the Economics of Liability

[Symposium: The Economics of Liability]

By Carl Shapiro

Journal of Economic Perspectives, Summer 1991

Has the U.S. liability system run amok? Many commentators feel it has, as do many executives who feel that the liability "tax" discourages innovation and ultimately fails to promote safety. On the other hand, economists have ceaselessly pointed out that w...