Journal of Economic Behavior & Organization最新文献

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Motivated by karma 因果报应
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-01-29 DOI: 10.1016/j.jebo.2026.107441
Lawrence Choo , Zhen Lei , Wei Tang
{"title":"Motivated by karma","authors":"Lawrence Choo ,&nbsp;Zhen Lei ,&nbsp;Wei Tang","doi":"10.1016/j.jebo.2026.107441","DOIUrl":"10.1016/j.jebo.2026.107441","url":null,"abstract":"<div><div>We conduct an experiment to examine how karmic reasoning—the belief that good deeds lead to favourable outcomes—affects belief formation in unrelated chance events. We motivate our design by observations from the China Family Panel Studies, which show that respondents who donated in the past 12 months are more likely to make risky choices. To investigate this further, we design a controlled laboratory experiment to evaluate the impact of real charitable donations on subjects’ beliefs about winning an even-chance lottery. Our results reveal that beliefs about winning increase with the amount donated, but this effect is significant only among those who voluntarily donated and more sensitive to karmic beliefs. This study underscores the role of karmic reasoning in shaping beliefs, contributing to the broader understanding of wishful thinking and motivated beliefs.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107441"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146080828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does allocative fairness matter? experimental evidence from India 分配公平重要吗?来自印度的实验证据
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-01-24 DOI: 10.1016/j.jebo.2026.107436
Rohit Jindal
{"title":"Does allocative fairness matter? experimental evidence from India","authors":"Rohit Jindal","doi":"10.1016/j.jebo.2026.107436","DOIUrl":"10.1016/j.jebo.2026.107436","url":null,"abstract":"<div><div>Fairness is impartial selection when allocating scarce goods or resources. Previous studies indicate that people consider auctions and random allocations less fair than alternate mechanisms. However, these studies are based on survey research in industrialized countries. It is unclear if fairness preferences are generalizable or if these preferences lead to a change in peoples’ behavior. This paper addresses these gaps through two field studies in rural India. In the first study, 94 of 206 subjects received contracts to collect tree leaves in return for INR100 each. Participants were selected through four different allocation mechanisms - random allocation, deliberation among subjects, selection by criteria, and lowest bids in auctions. Participants selected through deliberation and criteria-based allocations collect significantly more leaves than those selected through auctions or random allocations. In the second study, a separate set of 124 subjects compared the fairness of these four allocation mechanisms, yielding 744 observations. Deliberation and criteria are ranked fairer than auctions or random allocations. The comparisons are robust to transitivity with an 86.3 percent coefficient of consistency. The close matching between experimental and survey results indicates that people provide significantly more effort when selected through allocation mechanisms that are considered fair. The study results also indicate how auctions are not always efficient.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107436"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146080829","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A unifying theory of foreign intervention in domestic climate policy 国外干预国内气候政策的统一理论
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-01-30 DOI: 10.1016/j.jebo.2026.107430
Anthony Harding , Juan Moreno-Cruz
{"title":"A unifying theory of foreign intervention in domestic climate policy","authors":"Anthony Harding ,&nbsp;Juan Moreno-Cruz","doi":"10.1016/j.jebo.2026.107430","DOIUrl":"10.1016/j.jebo.2026.107430","url":null,"abstract":"<div><div>We propose a theory of climate-policy foreign intervention in which the climate policy is characterized in a policy externality space spanned by differences between two countries exposure to foreign policy, exposure divergence, and in preferred policy levels, preference asymmetry. Within this framework, we show that strategic behavior such as free-riding and free-driving emerge as equilibrium outcomes of position in this policy externality space, rather than as intrinsic features of a climate policy technology, such as mitigation, adaptation, or geoengineering. We also examine preferences for foreign intervention when a hegemon has three options to intervene in the domestic climate policy of a potential Target: i.) Agreements with Extraction; ii.) Agreements with Rewards; and iii.) Agreements with Sanctions. The hegemon’s choice is determined by the availability of rents that can be extracted from the target country, which is, in turn, a function of the policy externality. This explains why the same technology may require different governance approaches in different contexts and why some climate policies attract foreign intervention while others do not.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107430"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146080831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The equilibrium effects of mortality risk 死亡风险的均衡效应
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-01-31 DOI: 10.1016/j.jebo.2026.107463
Andrea Modena , Luca Regis , Giorgio Rizzini
{"title":"The equilibrium effects of mortality risk","authors":"Andrea Modena ,&nbsp;Luca Regis ,&nbsp;Giorgio Rizzini","doi":"10.1016/j.jebo.2026.107463","DOIUrl":"10.1016/j.jebo.2026.107463","url":null,"abstract":"<div><div>In this paper, we investigate how mortality risk affects agents’ optimal decisions and asset prices within a general equilibrium framework. In our model, risk-averse households facing a stochastic mortality rate allocate their net worth among consumption, risky capital production, and risk-free bonds to maximise intertemporal utility. In this setting, we show that a negative and time-varying correlation exists between mortality and risky asset prices, even when production and mortality risks are mutually independent. The correlation arises because higher mortality rates reduce the incentive to save for the future, leading to increased current consumption and decreased capital investment. As a result, higher mortality lowers the prices of risky capital and raises the risk-free rate in equilibrium. Calibrated simulations suggest that endogenous price effects account for the largest share of welfare gains and losses following sharp changes in mortality, such as the COVID-19 pandemic.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107463"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146174438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Firm complexity and carbon emissions: Evidence from textual analysis 企业复杂性与碳排放:来自文本分析的证据
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-02-03 DOI: 10.1016/j.jebo.2026.107454
Chih-Wei Wang , Weizheng Lin , Nina Shi
{"title":"Firm complexity and carbon emissions: Evidence from textual analysis","authors":"Chih-Wei Wang ,&nbsp;Weizheng Lin ,&nbsp;Nina Shi","doi":"10.1016/j.jebo.2026.107454","DOIUrl":"10.1016/j.jebo.2026.107454","url":null,"abstract":"<div><div>Utilizing a novel measure of firm complexity derived from textual analysis by Loughran and McDonald (2024), we examine the relationship between firm complexity and carbon emissions in the United States from 2005 to 2021, considering the roles of AI investment levels and firm leverage as mediating factors. We find that more complex firms are inclined to invest in AI technologies associated with increased carbon emissions. Additionally, these firms tend to have higher leverage, further amplifying their carbon emissions. Our results indicate that this relationship is more pronounced when oil price uncertainty is low and in manufacturing and high-tech industries. The relationship is also stronger among smaller firms, as they face more significant challenges in adopting ESG policies. Finally, firms with higher returns on assets, long-term debt, and gross profit demonstrate a more substantial positive relation between complexity and carbon emissions.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107454"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146174439","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Evolving sustainable institutions in agent-based simulations with learning 基于主体的学习模拟中不断发展的可持续制度
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-02-04 DOI: 10.1016/j.jebo.2026.107455
Christopher Zosh , Andreas Pape , Todd Guilfoos , Peter DiCola
{"title":"Evolving sustainable institutions in agent-based simulations with learning","authors":"Christopher Zosh ,&nbsp;Andreas Pape ,&nbsp;Todd Guilfoos ,&nbsp;Peter DiCola","doi":"10.1016/j.jebo.2026.107455","DOIUrl":"10.1016/j.jebo.2026.107455","url":null,"abstract":"<div><div>We develop a novel, game-theoretic computational model in which learning agents explore how much to consume from a common resource.</div><div>These agents live under three different political regimes: private provision, a benevolent and powerful social planner, and competitive direct democracy. The policies of the latter two regimes are vectors of Pigouvian fines. Both agent consumption and voting decisions are guided by a single process: reinforcement learning with action similarity. The model produces panel data of fine vectors for each regime and setting. We find the benevolent social planner’s fines have significant welfare gains over uncoordinated private action, and that competitive direct democracy’s fines can nearly achieve the same gains. We also find that learning changes the optimal solution; that is, the fine vector found by the benevolent social planner is both distinct from and performs better than the socially optimal fine vector analytically derived from this setting, were it populated with rational, fully-informed agents. Elinor Ostrom empirically identified eight “design principles” common to social structures of communities which successfully cultivate a common resource. One of these principles is “graduated sanctions,” in which punishment accumulates at an accelerating rate as the degree of offense increases. We find that graduated sanctions only emerges when the agents use similarity in decision-making. We also find that, if fines generate revenue which can be costlessly redistributed, draconian (not graduated) sanctions emerge.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107455"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146174499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Bonuses and loss aversion 奖金和损失厌恶
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-01-25 DOI: 10.1016/j.jebo.2026.107438
Víctor González-Jiménez , Patricio S. Dalton , Charles N. Noussair
{"title":"Bonuses and loss aversion","authors":"Víctor González-Jiménez ,&nbsp;Patricio S. Dalton ,&nbsp;Charles N. Noussair","doi":"10.1016/j.jebo.2026.107438","DOIUrl":"10.1016/j.jebo.2026.107438","url":null,"abstract":"<div><div>To motivate workers, organizations often offer monetary bonuses for meeting production goals. We develop a theoretical framework that predicts that when workers set production goals themselves and are sufficiently loss averse, bonuses lead to conservative goal setting, which worsens performance. Without a bonus, a loss-averse worker sets an ambitious goal to motivate herself through the aversion to falling short of the target. Tying a bonus to goal achievement crowds out this intrinsic motivation by raising the stakes of failure, leading to more cautious goals and lower performance. Empirical evidence from a laboratory experiment supports the predictions of our model. Our findings underscore the limits of bonuses when workers are loss averse.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107438"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146080960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Can risk-rating of incremental premiums improve consumer sorting across coverage options in mandatory health insurance markets? 增量保费的风险评级能否改善强制性健康保险市场中消费者对不同保险选择的分类?
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-02-02 DOI: 10.1016/j.jebo.2026.107452
Marcello Antonini , Josefa Henriquez , Richard van Kleef , Adrian Melia , Francesco Paolucci
{"title":"Can risk-rating of incremental premiums improve consumer sorting across coverage options in mandatory health insurance markets?","authors":"Marcello Antonini ,&nbsp;Josefa Henriquez ,&nbsp;Richard van Kleef ,&nbsp;Adrian Melia ,&nbsp;Francesco Paolucci","doi":"10.1016/j.jebo.2026.107452","DOIUrl":"10.1016/j.jebo.2026.107452","url":null,"abstract":"<div><div>Several mandatory health insurance schemes include some consumer choice of coverage (e.g., in terms of deductible levels). Premiums in these schemes are typically community-rated per insurance plan. While community-rated premiums help achieve objectives of fairness, they can also lead to adverse selection across coverage options. Consequently, consumers may sort inefficiently across these coverage options resulting in forgone welfare gains. This paper aims to explore under what conditions risk rating of incremental premiums for more comprehensive coverage (compared to a basic plan) can improve consumer sorting. In a simulation analysis on Chilean data, results show that under perfect risk adjustment, risk rating of incremental premiums can improve consumer sorting. With imperfect risk adjustment, however, the effects of risk rating on consumer sorting are ambigous as incremental premiums will not just reflect the direct effect of more comprehensive coverage on healthcare spending, but also the under/overcompensation from the (imperfect) risk adjustment system. Moreover, we find that in the presence of imperfect risk adjustment, risk rating improves welfare over community rating but does not fully solve the problem of inefficient sorting<strong>.</strong></div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107452"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146174459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Fragility and regime stability in a state–society dynamic model 国家-社会动态模型中的脆弱性和政权稳定性
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-01-23 DOI: 10.1016/j.jebo.2026.107439
Constantin Colonescu
{"title":"Fragility and regime stability in a state–society dynamic model","authors":"Constantin Colonescu","doi":"10.1016/j.jebo.2026.107439","DOIUrl":"10.1016/j.jebo.2026.107439","url":null,"abstract":"<div><div>This paper develops a continuous-time dynamic model in which state capacity and societal power evolve jointly as institutional stocks subject to investment incentives, contest effects, and baseline decay. The interaction between these forces generates multiple political regimes, including a despotic regime, a weak-state regime, and a balanced regime in which state and society co-develop. The model admits a corridor of regime stability whose thickness depends on contest intensity and structural parameters, and whose boundaries determine the basins of attraction of the competing regimes. Extending the system to a stochastic environment, the paper characterizes regime fragility by deriving corridor-exit probabilities, showing how volatility increases the likelihood of transitions toward despotism or state collapse. The analysis highlights how institutional balance can be sustained dynamically, yet remains inherently fragile in the presence of shocks.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107439"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146022583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Balancing health and sustainability: Optimizing investments in organic vs. conventional agriculture through pesticide reduction 平衡健康和可持续性:通过减少农药来优化有机农业与传统农业的投资
IF 2.3 3区 经济学
Journal of Economic Behavior & Organization Pub Date : 2026-03-01 Epub Date: 2026-01-28 DOI: 10.1016/j.jebo.2026.107442
Luca Bargna , Davide La Torre , Rosario Maggistro , Benjamin Montmartin
{"title":"Balancing health and sustainability: Optimizing investments in organic vs. conventional agriculture through pesticide reduction","authors":"Luca Bargna ,&nbsp;Davide La Torre ,&nbsp;Rosario Maggistro ,&nbsp;Benjamin Montmartin","doi":"10.1016/j.jebo.2026.107442","DOIUrl":"10.1016/j.jebo.2026.107442","url":null,"abstract":"<div><div>This paper investigates the trade-offs between organic and conventional farming methods, focusing on their respective impacts on health, environmental sustainability, and economic outcomes. Our contributions are twofold. First, we develop a theoretical model based on an optimal control problem to examine the dynamic allocation of investments between organic and conventional agriculture. This model incorporates critical social factors, including the environmental and health costs associated with pesticide use in conventional farming, as well as the long-term social benefits of organic practices. Second, we estimate the key parameters of the model using French data on pesticide levels in groundwater. This enables us to compute and analyze the optimal policy proposed by the model and derive implications for reallocating investments towards organic farming. The optimal policy emphasizes the necessity of a tailored approach across both spatial and time dimensions. Along the spatial dimension, areas with high pesticide concentrations should be prioritized, calling for place-based rather than place-neutral policies. Along the temporal dimension, earlier intervention strategies are warranted when social costs related to pesticide exposure are high or when the weight assigned to the environmental conditions of future generations is low. Overall, the optimal policy results in a more balanced distribution of pesticides across the territory.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"243 ","pages":"Article 107442"},"PeriodicalIF":2.3,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146080827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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