{"title":"House price expectations and household spending— A survey-based experiment","authors":"Wei Qian","doi":"10.1016/j.jebo.2025.107073","DOIUrl":"10.1016/j.jebo.2025.107073","url":null,"abstract":"<div><div>I conduct a survey-based experiment to study the causal effect of house price expectations on individuals’ spending decisions. In the experiment, respondents are randomly divided into two groups to receive different professional forecasts of house prices. Exploiting this information treatment as an exogenous source of variation in house price expectations, I show that a one percentage point increase in expected nationwide house price growth over the next 12 months leads to about a 0.4 percentage point increase in intended total household spending growth over the same period. I show that this effect is likely driven by an expected increase in housing wealth and that individuals consider the increase in housing wealth as relaxing their borrowing constraints.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107073"},"PeriodicalIF":2.3,"publicationDate":"2025-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144124481","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}
Sabien Dobbelaere , Grace McCormack , Daniel Prinz , Sándor Sóvágó
{"title":"Firm consolidation and labor market outcomes","authors":"Sabien Dobbelaere , Grace McCormack , Daniel Prinz , Sándor Sóvágó","doi":"10.1016/j.jebo.2025.107036","DOIUrl":"10.1016/j.jebo.2025.107036","url":null,"abstract":"<div><div>Using rich administrative data from the Netherlands, we study the consequences of firm consolidation for workers. For workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in total labor income. These effects persist even four years after the takeover and are consistent with job losses driven by involuntary separations. Few takeovers change labor market concentration meaningfully. Instead, restructuring at consolidating firms is likely to be an important mechanism behind our findings. Specifically, workers with skills that are already present at acquirers are less likely to be retained and overtime hours and part-time work are reduced.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107036"},"PeriodicalIF":2.3,"publicationDate":"2025-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144130839","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}
{"title":"Making up for harming others — An experiment on voluntary compensation behavior","authors":"Frauke Stehr , Peter Werner","doi":"10.1016/j.jebo.2025.107037","DOIUrl":"10.1016/j.jebo.2025.107037","url":null,"abstract":"<div><div>We investigate in a controlled laboratory setting to what extent buyers are willing to offset negative consumption externalities. In one treatment dimension, we vary whether the externality associated with a purchase is irreversible or can be reduced ex post by a voluntary payment. In a second treatment dimension, we induce diffusion of harm among harmed subjects and diffusion of responsibility among buyers by separately varying the matching of buyers and harmed subjects. We find that subjects are, on average, willing to compensate for their negative externalities and that this willingness is sensitive to the surplus from buying. Yet, experimental buyers are highly heterogeneous, with some never compensating. While the introduction of voluntary compensation significantly reduces externalities, the net externality still remains high across all treatments. Diffusion of responsibility tends to reduce the size of compensation and to increase overall net externalities in the main experiment. An additional control treatment reveals that under diffusion of responsibility among buyers, patterns of conditional cooperation seem to drive compensation in the present setting: the amount paid for compensation increases with higher beliefs about the compensation by other buyers.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107037"},"PeriodicalIF":2.3,"publicationDate":"2025-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144115349","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}
Christoph Bühren , Astrid Dannenberg , Philipp Händel
{"title":"The demand for complete and incomplete punishment institutions to promote cooperation","authors":"Christoph Bühren , Astrid Dannenberg , Philipp Händel","doi":"10.1016/j.jebo.2025.107071","DOIUrl":"10.1016/j.jebo.2025.107071","url":null,"abstract":"<div><div>We use an experiment to study the demand for complete and incomplete formal punishment institutions and their ability to promote cooperation. Complete punishment institutions are implemented by the whole group and bind everyone. Incomplete punishment institutions are implemented by a subgroup and bind only the members of this subgroup. We distinguish between strictly incomplete institutions, in which only one subgroup can bind itself while the remaining individuals are unbound, and potentially incomplete institutions, in which two subgroups can bind themselves independently and separately in different institutions, potentially binding everyone. Theoretically, the demand for such formal punishment institutions should depend only on the benefit of cooperation within the group or subgroup bound by the institution. However, we hypothesize and the experimental results confirm that, in the case of incomplete punishment institutions, the benefit of cooperation has a much smaller impact on the demand than in complete punishment institutions. Instead, individuals’ cooperativeness and coordination between the subgroups become important determinants.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107071"},"PeriodicalIF":2.3,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144115351","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}
{"title":"Trade and the rise of ancient Greek city-states","authors":"Jordan Adamson","doi":"10.1016/j.jebo.2025.107035","DOIUrl":"10.1016/j.jebo.2025.107035","url":null,"abstract":"<div><div>In this paper, I examine the role of comparative advantage in the rise of city-states. After compiling a new dataset on ancient Greece and the natural environment, I provide evidence that the spatial covariance of natural vegetation endowments amongst potential trading partners is important for explaining the development of silver coin money, battles, and city-state formation. I also provide statistical evidence against “key factors” previously emphasized. These findings are consistent with a general model of comparative advantage that I develop, which clarifies how the spatial covariance of factor endowments affects multiple development outcomes.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107035"},"PeriodicalIF":2.3,"publicationDate":"2025-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144106122","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}
{"title":"Different norms of sexual activity and consent seeking among college students: Social identity and statistical discrimination","authors":"Hanna Hoover, Erin Krupka","doi":"10.1016/j.jebo.2025.107028","DOIUrl":"10.1016/j.jebo.2025.107028","url":null,"abstract":"<div><div>Preventing sexual assault on university campuses is rooted in promoting the adoption and practice of seeking consent. Using identity theory and a factorial vignette survey experiment, we test for the presence of implicit differences in appropriateness ratings based on context, gender, race and sexual orientation and, in aggregate, differences in social norms that govern college students’ sexual interactions. We provide a simple theoretical framework of statistical discrimination where the social norms for identical actions are predicted to differ because the appropriateness of actions is imperfectly observed and evaluators hold beliefs about underlying propensities of appropriate action that are rooted in identity. Our results show that context significantly alters perceptions of appropriate behavior and that heterosexual male actions are viewed as systematically less socially appropriate. We validate our findings with a post-study questionnaire which reveals that beliefs regarding appropriateness ratings are largely driven by the perceived rates of sexual assault among the represented population by the vignette narrator. The paper advances the study of norms rooted in identity and presents an identity-based theoretical framework that provides intuition for how such a differences may arise.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107028"},"PeriodicalIF":2.3,"publicationDate":"2025-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144106119","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}
{"title":"The impact of a public voucher for the arts","authors":"Andrea Baldin, Anna Marenzi, Francesca Zantomio","doi":"10.1016/j.jebo.2025.107070","DOIUrl":"10.1016/j.jebo.2025.107070","url":null,"abstract":"<div><div>We provide novel evidence on the impact of a public voucher scheme for cultural consumption. The voucher was introduced in Italy in 2016 for citizens aged 18 years old. We use repeated cross-sections from the annual household survey ‘Aspects of Daily Life’ for the period 2013–2019 and combine Entropy Balancing with Difference-in-Difference estimation to assess the voucher causal effect on cultural consumption. We find a significant impact of the cultural voucher in fostering participation in cinema, non-classic concerts and reading books and online/e-books, with the effect driven by lower SES individuals. Overall, estimated effects suggest a less-than-total crowding out of public resources. The voucher also generated some spillover effects at the household level, and, in the case of cinema, resulted in a sustained higher consumption, even after the financial support terminated.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107070"},"PeriodicalIF":2.3,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144090007","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}
{"title":"Hometown favoritism and intra-regional trade barriers under decentralization: Evidence from China","authors":"Min Dai, Yongwei Ye","doi":"10.1016/j.jebo.2025.107062","DOIUrl":"10.1016/j.jebo.2025.107062","url":null,"abstract":"<div><div>Decentralization management in inter-jurisdictional contexts requires careful consideration. This article highlights the potential for hometown favoritism to undermine decentralization practices. China established its ambitious social credit system in the highway construction sector in 2009, where local rating agencies are responsible for the grading of firms’ social credit ratings. Using a unique dataset spanning 2010–2022, we find that local firms can achieve higher social credit ratings, helping them meet more bidding requirements. Local firms are less likely to be downgraded, and those with stronger local cultural and economic ties receive higher ratings. Hometown favoritism in credit ratings is particularly pronounced for eponymous firms, less important and lower-quality construction projects, and it varies over time, increasing during periods of poor economic performance. Further evidence suggests that local firms win more bids, although changes in local ratings are less predictive of securing new bids. These findings underscore the previously unexplored role of hometown favoritism in creating trade barriers under decentralization.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107062"},"PeriodicalIF":2.3,"publicationDate":"2025-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144084559","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}
Jenna Bednar, Maria del Rio-Chanona, J. Doyne Farmer, Jagoda Kaszowska-Mojsa, François Lafond, Penny Mealy, Marco Pangallo, Anton Pichler
{"title":"Complex systems approaches to 21st century challenges: Introduction to the Special Issue","authors":"Jenna Bednar, Maria del Rio-Chanona, J. Doyne Farmer, Jagoda Kaszowska-Mojsa, François Lafond, Penny Mealy, Marco Pangallo, Anton Pichler","doi":"10.1016/j.jebo.2025.107049","DOIUrl":"10.1016/j.jebo.2025.107049","url":null,"abstract":"","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107049"},"PeriodicalIF":2.3,"publicationDate":"2025-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144239698","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}
{"title":"Speaking differently: How dialect affects E-government adoption","authors":"Xianxiang Xu , Qingmiao Bi , Manling Wu , Xiaoyu (Ross) Zhu","doi":"10.1016/j.jebo.2025.107052","DOIUrl":"10.1016/j.jebo.2025.107052","url":null,"abstract":"<div><div>Leveraging the novel and comprehensive Chinese Business Environment Survey data spanning 2019 to 2023, this paper identifies dialect difference as a significant yet unexplored determinant of electronic government (E-government) services adoption. Our theoretical model posits that dialect-induced language barriers elevate uncertainty about the time (effort) required for successful online administrative interactions, raising the likelihood of procedural failures and thus deterring enterprise engagement with E-government platforms. Exploiting the establishment of the Data Administration Bureau as an exogenous policy shock, we empirically find that, following the intervention, regions predominantly speaking local dialects were 5.1 % less likely to adopt E-government services—equivalent to approximately 5.9 million fewer enterprise users—relative to Mandarin-speaking regions. This effect is significant after controlling for conventional confounding factors such as social networks and cultural clustering, and remains robust across alternative specifications and validation checks. Our findings shed lights on frictions in government digitalization, implying welfare improvements from mitigating dialect-related access constraints.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"235 ","pages":"Article 107052"},"PeriodicalIF":2.3,"publicationDate":"2025-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144090008","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}