Search
Now showing items 1-10 of 13
Free to punish? The american dream and the harsh treatment of criminals
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2011)
We describe the evolution of selective aspects of punishment in the US over the period 1980-2004. We note that imprisonment increased around 1980, a period that coincides with the “Reagan revolution” in economic matters. ...
Apparent overconfidence
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2011)
It is common for a majority of people to rank themselves as better than average on simple tasks and worse than average on difficult tasks. The literature takes for granted that this apparent misconfidence is problematic. ...
Mechanism design when players’ preferences and information coincide
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2016)
It is well known that when players have private information, vis a vis the designer, and their preferences coincide it is hard to implement the socially desirable outcome. We show that with arbitrarily small fines and ...
Attitude polarization: theory and evidence
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2014)
Numerous experiments have demonstrated the possibility of attitude polarization.For instance, Lord, Ross & Leper (1979) found that death penalty advocates becamemore convinced of the deterrent e§ect of the death penalty ...
Continuity and completeness under risk
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2010)
Suppose some non-degenerate preferences R, with strict part P, over risky outcomes satisfy Independence. Then, when they satisfy any two of the following axioms, they satisfy the third. Herstein-Milnor: for all lotteries ...
Anger and regulation
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2012)
We study a model where agents experience anger when they see a firm that hasdisplayed insufficient concern for their clients' welfare (altruism) makes high profits.Regulation can increase welfare, for example, through fines ...
The problem of prevention
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2011)
Many disasters are foreshadowed by insu¢ cient preventive care. In this paper, we argue that there is a true problem of prevention , in that insu¢ cient care is often the result of rational calculations on the part of ...
Getting polluters to yell the truth
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2006)
We study the problem of a regulator who must control the emissions of a given pollutant from a series of industries when the firms’ abatement costs are unknown. We develop a mechanism in which the regulator asks firms to ...
Does the better -than- average effect show that people are overconfident?: two experiments
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2013)
We conduct two experiments of the claim that people are overconfident, using newtests of overplacement that are based on a formal Bayesian model. Our two experi-ments, on easy quizzes, find overplacement. More precisely, ...
Supermarket entry and the survival of small stores
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2013)
We analyze the effect of supermarket entry on the exit of small stores in the food retailing sector in Montevideo between 1998 and 2007. We use detailed geographical information to identify the ...