Below you may find working papers from the Economic Science Institute at Chapman University.

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Submissions from 2020

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Menu-Dependent Food Choices and Food Waste, Hongxing Liu, Joaquín Gómez-Miñambres, and Danyi Qi

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Neoclassical Supply and Demand, Experiments, and the Classical Theory of Price Formation, Sabiou M. Inoua and Vernon L. Smith

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Public Leaderboard Feedback in Sampling Competition: An Experimental Investigation, Stanton Hudja, Brian Roberson, and Yaroslav Rosokha

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Rationally Inattentive Savers and Monetary Policy Changes: A Laboratory Experiment, Andrea Civelli, Cary Deck, and Antonella Tutino

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Reconsidering Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets, Brice Corgnet, Cary Deck, Mark DeSantis, Kyle Hampton, and Erik O. Kimbrough

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Reference Dependent Prices in Bargaining: An Experimental Examination of Precise First Offers, Erik O. Kimbrough, David Porter, and Mark Schneider

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Religion in Economic History: A Survey, Sascha O. Becker, Jared Rubin, and Ludger Woessmann

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Shutdown Policies and Worldwide Conflict, Nicolas Berman, Mathieu Couttenier, Nathalie Monnet, and Rohit Ticku

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Speed Traps: Algorithmic Trader Performance Under Alternative Market Structures, Yan Peng, Jason Shachat, Lijia Wei, and S. Sarah Zhang

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Strategic Problems with Risky Prospects, Alessandro Sontuoso, Cristina Bicchieri, Alexander Funcke, and Einav Hart

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The Classical Theory of Supply and Demand, Sabiou M. Inoua and Vernon L. Smith

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The Conservatism Principle and Asymmetric Preferences Over Reporting Errors, Jivas Chakravarthy and Timothy W. Shields

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The Economics of Babysitting a Robot, Aleksandr Alekseev

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The Impact of Taxes and Wasteful Government Spending on Giving, Roman Sheremeta and Neslihan Uler

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The Impact of the Covid-19 Pandemic on Economic Behaviours and Preferences: Experimental Evidence from Wuhan, Jason Shachat, Matthew J. Walker, and Lijia Wei

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Trade Facilitation and Tariff Evasion, Cosimo Beverelli and Rohit Ticku

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Trust and Trustworthiness After Negative Random Shocks, Hernán Bejerano, Joris Gillet, and Ismael Rodriguez-Lara

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Trust and Trustworthiness in Procurement Contracts with Retainage, Matthew J. Walker, Elena Katok, and Jason Shachat

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Trust, Reciprocity, and Social History: New Pathways of Learning When Max U (own reward) Fails Decisively, Vernon L. Smith

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Viral Social Media Videos Can Raise Pro-Social Behaviours When an Epidemic Arises, Youting Guo, Jason Shachat, Matthew J. Walker, and Lijia Wei

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Working Too Much for Too Little: Stochastic Rewards Cause Work Addiction, Brice Corgnet, Simon Gaechter, and Roberto Hernán González

Submissions from 2019

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A Bias Aggregation Theorem, Mark Schneider

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A Class of N-Player Colonel Blotto Games with Multidimensional Private Information, Christian Ewerhart and Dan Kovenock

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Adding Tournament to Tournament: Combining Between-Team and Within-Team Incentives, Michael Majerczyk, Roman Sheremeta, and Yu Tian

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A Full Characterization of Best-Response Functions in the Lottery Colonel Blotto Game, Dan Kovenock and David Rojo Arjona

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A Time to Print, a Time to Reform, Lars Boerner, Jared Rubin, and Battista Severgnini

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Breaking Up: Experimental Insights into Economic (Dis)Integration, Gabriele Camera, Lukas Hohl, and Rolf Weder

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Classical Economics: Lost and Found, Sabiou M. Inoua and Vernon Smith

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Co-enforcement of Common Pool Resources: Experimental Evidence from TURFs in Chile, Carlos A. Chávez, James J. Murphy, and John K. Stranlund

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Cooperation Among Strangers With and Without a Monetary System, Maria Bigoni, Gabriele Camera, and Marco Casari

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Cooperation in Indefinitely Repeated Helping Games: Existence and Characterization, Gabriele Camera and Alessandro Gioffré

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Cournot Marked the Turn from Classical to Neoclassical Thinking, Vernon L. Smith and Sabiou M. Inoua

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Designing Call Auction Institutions to Eliminate Price Bubbles: Is English Dutch the Best?, Cary Deck, Maroš Servátka, and Steven Tucker

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Do Appeals to Donor Benefits Raise More Money than Appeals to Recipient Benefits? Evidence from a Natural Field Experiment with Pick.Click.Give., John A. List, James J. Murphy, Michael K. Price, and Alexander G. James

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Do Economic Inequalities Affect Long-Run Cooperation & Prosperity?, Gabriele Camera, Cary Deck, and David Porter

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Endogenous Market Formation and Monetary Trade: An Experiment, Gabriele Camera, Dror Goldberg, and Avi Weiss

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Give Me a Challenge or Give Me a Raise, Aleksandr Alekseev

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Harnessing the Power of Social Incentives to Curb Shirking in Teams, Brice Corgnet, Brian C. Gunia, and Roberto Hernán González

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Investment Choice Architecture in Trust Games: When “All-in” Is Not Enough, Joaquin Gómez-Miñambres, Eric Schniter, and Timothy W. Shields

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Labor Contracts, Gift-Exchange and Reference Wages: Your Gift Need Not Be Mine!, Hernán Bejerano, Brice Corgnet, and Joaquín Gómez-Miñambres

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Lying and Shirking Under Oath, Nicolas Jacquemet, Alexander James, Stéphane Luchini, James J. Murphy, and Jason F. Shogren

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Make It Too Difficult and I’ll Give-Up; Let Me Succeed and I’ll Excel: The Interaction between Assigned and Personal Goals, James Fan, Joaquin Gomez-Minambres, and Samuel Smithers

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Monetary Equilibrium and the Cost of Banking Activity, Paola Boel and Gabriele Camera

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News-driven Expectations and Volatility Clustering, Sabiou M. Inoua

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Price Signaling and Bargain Hunting in Markets with Partially Informed Populations, Mark Schneider and Daniel Graydon Stephenson

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Reconsidering Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets, Brice Corgnet, Cary Deck, Mark DeSantis, Kyle Hampton, and Erik O. Kimbrough

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Salience and Social Choice, Mark Schneider and Jonathan W. Leland

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Self-Selecting Into Being a Dictator: Distributional Consequences, Lara Ezquerra and Praveen Kujal

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The Attack and Defense Games, Roman Sheremeta

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The Doors of Perception, Gary Charness and Alessandro Sontuoso

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The Effect of Social Information in the Dictator Game with a Taking Option, Tanya O'Garra, Valerio Capraro, and Praveen Kujal

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The Political Economy of Foreign Aid and Growth: Theory and Evidence, Sultan Mehmood and Avner Seror

Submissions from 2018

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A Dual System Model of Risk and Time Preferences, Mark Schneider

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Agglomeration and the Extent of the Market: An Experimental Investigation into Spatially Coordinated Exchange, Jordan Adamson

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Causal versus Consequential Motives in Mental Models of Agent Social and Economic Action: Experiments, and the Neoclassical Diversion in Economics, Vernon L. Smith

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Conditional Independence in a Binary Choice Experiment, Nathaniel Wilcox

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Culture and Colonial Legacy: Evidence from Public Goods Games, Latika Chaudhary, Jared Rubin, Sriya Iyer, and Anand Shrivastava

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Equilibrium Wage Rigidity in Directed Search, Gabriele Camera and Jaehong Kim

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Experimental Evidence on the Cyclicality of Investment, Cortney S. Rodet and Andrew Smyth

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Experimental Research on Contests, Roman M. Sheremeta

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Impulsive Behavior in Competition: Testing Theories of Overbidding in Rent-Seeking Contests, Roman M. Sheremeta

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Indefinitely Repeated Contests: An Experimental Study, Philip Brookins, Dmitry Ryvkin, and Andrew Smyth

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Modeling Interactions between Risk, Time, and Social Preferences, Mark Schneider

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Money is More Than Memory, Maria Bigoni, Gabriele Camera, and Marco Casari

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On Booms That Never Bust: Ambiguity in Experimental Asset Markets with Bubbles, Brice Corgnet, Roberto Hernán-González, and Praveen Kujal

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Partners or Strangers? Cooperation, Monetary Trade, and the Choice of Scale of Interaction, Maria Bigoni, Gabriele Camera, and Marco Casari

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Selection in the Lab: A Network Approach, Aleksandr Alekseev and Mikhail Freer

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The Distribution of Information and the Price Efficiency of Markets, Brice Corgnet, Mark DeSantis, and David Porter

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The Supply Side Determinants of Territory and Conflict, Jordan Adamson and Erik O. Kimbrough

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The Tug-of-War in the Laboratory, Cary Deck and Roman Sheremeta

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Trust in Humans and Robots: Economically Similar but Emotionally Different, Eric Schniter, Timothy W. Shields, and Daniel Sznycer

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Using Response Times to Measure Ability on a Cognitive Task, Aleksandr Alekseev

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Younger Federal District Court Judges Favor Presidential Power, Tom Campbell and Nathaniel T. Wilcox

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Your Money or Your Time? Experimental Evidence on Overbidding in All-Pay Auctions, Adriana Breaban, Charles N. Noussair, and Andreea Victoria Popescu

Submissions from 2017

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A Flexible and Customizable Method for Assessing Cognitive Abilities, Andrea Civelli and Cary Deck

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Bondholder Reorganization of Systemically Important Financial Institutions, Steven Gjerstad

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Bubbles in Experimental Asset Markets, Praveen Kujal and Owen Powell

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Deception and Reception: The Behavior of Information Providers and Users, Roman M. Sheremeta and Timothy W. Shields

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Equilibrium Play in Voluntary Ultimatum Games: Beneficence Cannot Be Extorted, Vernon L. Smith and Bart J. Wilson

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Exchange in the Absence of Legal Enforcement: Reputation and Multilateral Punishment under Uncertainty, Aidin Hajikhameneh and Jared Rubin

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Gender, Punishment, and Cooperation: Men Hurt Others to Advance Their Interests, Terence C. Burnham

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How Product Innovation Can Affect Price Collusion, Andrew Smyth

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Humans’ (Incorrect) Distrust of Reflective Decisions, Antonio Cabrales, Antonio M. Espín, Praveen Kujal, and Stephen Rassenti

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Information (Non)Aggregation in Markets with Costly Signal Acquisition, Brice Corgnet, Cary Deck, Mark DeSantis, and David Porter

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Investing in the Presence of Massive Flows, Terence C. Burnham, Harry Gakidis, and Jeffrey Wurgler

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Loss Aversion and the Quantity-Quality Tradeoff, Jared Rubin, Anya Samek, and Roman M. Sheremeta

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Minimal Frames and Transparent Frames for Risk, Time, and Uncertainty, Jonathan Leland, Mark Schneider, and Nathaniel Wilcox

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Monitoring Institutions in Indefinitely Repeated Games, Gabriele Camera and Marco Casari

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New Hampshire Effect: Behavior in Sequential and Simultaneous Multi-Battle Contests, Shakun D. Mago and Roman M. Sheremeta

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No Mere Tautology: The Division of Labor is Limited by the Division of Labor, Andrew Smyth and Bart J. Wilson

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Profitable Horizontal Mergers Without Efficiencies Can Increase Consumer Surplus, Charles J. Thomas

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Risk Preference, Time Preference, and Salience Perception, Jonathan Leland and Mark Schneider

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Targeted Campaign Competition, Loyal Voters, and Supermajorities, Pierre C. Boyer, Kai A. Konrad, and Brian Roberson

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The Attack and Defense of Weakest Link Networks, Dan Kovenock, Brian Roberson, and Roman M. Sheremeta

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The Cultural Transmission of Trust Norms: Evidence from a Lab in the Field on a Natural Experiment, Jared Rubin and Elira Karaja

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The Ideological Roots of Institutional Change, Murat Iyigun and Jared Rubin

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The Optimal Defense of Networks of Targets, Dan Kovenock and Brian Roberson

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The Paradox of Power: Principal-Agent Problems and Fiscal Capacity in Absolutist Regimes, Debin Ma and Jared Rubin

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War and Conflict in Economics: Theories, Applications, and Recent Trends, Erik O. Kimbrough, Kevin Laughren, and Roman M. Sheremeta

Submissions from 2016

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All-Pay Auctions with Ties, Alan Gelder, Dan Kovenock, and Brian Roberson