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10 results found.

Development Discussion Paper

Policy decisions and evidence use among civil servants: A group decision experiment in Pakistan

Laura Metzger, Adnan Qadir Khan and Teddy Svoronos

In a lab-in-field experiment with elite civil servants in Pakistan, we investigate whether groups outperform individuals in a two-staged task which requires effective use of data and evidence. We also study how efficient...Read more...

24 April 2020

Development Discussion Paper

Eliciting and Utilizing Willingness-to-pay: Evidence from Field Trials in Northern Ghana

James Berry, Greg Fischer and Raymond Guiteras

Using the Becker-DeGroot-Marschak (BDM) mechanism, we estimate the willingness-to-pay (WTP) for and impact of clean water technology through a field experiment in Ghana. Although WTP is low relative to the cost, demand ...Read more...

25 May 2018

Development Discussion Paper

Field Experiments with Firms

Oriana Bandiera, Iwan Baranky and Imran Rasul

We discuss how the use of field experiments sheds light on long standing research questions relating to firm behavior. We present insights from two classes of experiments: within and across firms, and draw common lessons...Read more...

1 July 2011

Development Discussion Paper

Contract Structure, Risk Sharing and Investment Choice

Greg Fischer

Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected ret...Read more...

February 2011

DARP Paper

Distributional Orderings: An Approach with Seven Flavours

Wulf Gaertner, Frank A Cowell and Yoram Amiel

We examine individuals' distributional orderings in a number of contexts. This is done by using a questionnaire-experiment that is presented to respondents in any one of seven “flavours” or interpretations of the basic d...Read more...

October 2007

DARP Paper

Perceptions of Risk: an Experimental Approach using Internet Questionnaires, (published in Research on Economic Inequality, vol. 12 (2004), pp. 99-132).

Frank A Cowell and Guillermo Cruces

Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. ...Read more...

May 2003

DARP Paper

Preference Reversals and the Analysis of Income Distributions

Yoram Amiel, Frank A Cowell, Leima Davidovitz and Avraham Polovin

It is known from the literature on uncertainty that in cases where individuals express a preference for a high win-probability bet over a bet with high winnings they nevertheless will bid more to obtain the bet with high...Read more...

March 2003

DARP Paper

Attitudes towards Risk and Inequality: A Questionnaire-Experimental Approach, (published in Experimental Economics: Financial Markets, Auctions, and Decision Making, Andersson, F. and Holm, H. J. (ed.), Kluwer, Dewenter (2002) Chapter 9, 85-115)

Yoram Amiel and Frank A Cowell

Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respon...Read more...

June 2001

Theoretical Economics Paper

Market Experimentation in a Dynamic Differentiated-Goods Duopoly

Godfrey Keller and Sven Rady

We study the evolution of prices in a symmetric duopoly where firms are uncertain about the degree of product differentiation. Customers sometimes perceive the products as close substitutes, sometimes as highly different...Read more...

July 1999

DARP Paper

Choices in Egalitarian Distribution: Inequality Aversion versus Risk Aversion

Leima Davidovitz and Yoram Kroll

Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature revealed that inequlity aversion and risk aversion are treated as separate variables. This paper presen...Read more...

March 1999