{"title":"Do Actions Speak Louder than Words?","authors":"Alan Green, Daniel Humphrey","doi":"10.1177/05694345221075601","DOIUrl":"https://doi.org/10.1177/05694345221075601","url":null,"abstract":"Are preferences for redistribution based on self-interest, ideology, or identity? This paper describes an experiment where participants play a game that requires both luck and skill for cash payoffs. At the end of the game, participants vote on the distribution of payoffs. Options range from full equality to unequal payments based on final rank. These votes are then analyzed; results show that self-interest, ideology, and identity all impact how participants vote. Those who do well are much more likely to vote for an unequal payoff while those who do poorly are likely to vote for an equal payoff. The degree of acceptable inequality, however, is influenced both by ideology (stated preferences over redistribution) and identity (race and age). The experiment also led to some changes in perspective, with those who did poorly in the game in particular being highly likely to shift their views in favor of redistribution.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"67 1","pages":"285 - 297"},"PeriodicalIF":0.0,"publicationDate":"2022-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46940543","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Economic Case Against Time Travel: Using Science Fiction Ideas to Emphasize Economic Processes in the Classroom","authors":"J. Swinton","doi":"10.1177/05694345221074358","DOIUrl":"https://doi.org/10.1177/05694345221074358","url":null,"abstract":"I describe a though experiment in which students can consider the importance of the profit motive, the passage of time, and the dissemination of information in various markets by imagining that time travel is possible. The thought experiment allows students to conclude that because the economic conditions that would result from time travel do not exist outside of the theoretical market models, certain types of time travel cannot exist. But, more importantly, it provides a tool to help students think more deeply about the assumptions of the economic models presented. JEL Classifications: A1, A2, D8, I20","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"67 1","pages":"241 - 253"},"PeriodicalIF":0.0,"publicationDate":"2022-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46882962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Peak-Load Pricing With Quality-Differentiated Demand","authors":"Charles L Adams","doi":"10.1177/05694345211073504","DOIUrl":"https://doi.org/10.1177/05694345211073504","url":null,"abstract":"This is the fifth in a series of teaching notes on quality-differentiated demand. With an eye on accessibility to undergraduate economics majors, the focus here is on peak-load pricing and highway tolls. Once quality considerations are accounted for, a richer set of insights is derived to guide social planners in deciding optimal levels of traffic flow and tolls. JEL Classifications: L0, D0","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"67 1","pages":"298 - 303"},"PeriodicalIF":0.0,"publicationDate":"2022-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43671245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Social Information and Gender Differences in Competitive Preferences","authors":"C. Roby","doi":"10.1177/05694345211054212","DOIUrl":"https://doi.org/10.1177/05694345211054212","url":null,"abstract":"This is an exploratory study that examines the effect of social information on gender differences in selection into a winner-take-all tournament, using a simple addition task. Participants perform this task in multiple rounds and then select into a competitive or non-competitive pay scheme. Prior to choosing payment schemes, participants are shown selected results about average performance and choices in a similar experiment. I find that the inclusion of social information eliminates any extant gender gap in competitive choices in every treatment. The reduction in the gender gap is not due to greater efficiency of choices by men or women, even though inefficient choices by low-performing individuals are mostly eliminated. Rather, the inclusion of feedback causes men and women to select into a competitive pay scheme in a similar manner, thereby removing the gender gap. Despite these results, the complexity of the social information intervention used leaves some results unexplained. JEL Classifications : C9, J2, J16.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"67 1","pages":"24 - 45"},"PeriodicalIF":0.0,"publicationDate":"2021-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43971100","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Book Review: Women in Economics, by Lundberg, S. (Ed.)","authors":"Elizabeth Moorhouse","doi":"10.1177/05694345211063980","DOIUrl":"https://doi.org/10.1177/05694345211063980","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"67 1","pages":"147 - 152"},"PeriodicalIF":0.0,"publicationDate":"2021-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43010213","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cruising Through School: General Equilibrium Effects of Cruise Ship Arrivals on Employment and Education","authors":"Ryan McWay","doi":"10.1177/05694345211054515","DOIUrl":"https://doi.org/10.1177/05694345211054515","url":null,"abstract":"Cruise tourism is the fastest-growing branch of the tourism sector, and many have turned to it as a development strategy despite little systematic evidence of its equilibrium effects. I match 10.6 million automatic identification system (AIS) locations from 517 cruise ships arriving in 265 port destinations to 355,463 Demographic and Health Survey (DHS) women’s surveys in 23 countries to estimate cruise tourism’s relationship with women’s labor market participation and educational attainment. Using fixed effects to identify changes in tourism over time, I estimate that doubling cruise ship arrivals is associated with a 4.9-percentage point increase in labor participation and one-quarter more years of education. These results would be consistent with port cities offering more job opportunities for older women and increased opportunity and available income for education, possibly in anticipation of improved employment prospects. JEL Classifications : D50, I00, J21, O12, Z32","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"67 1","pages":"5 - 23"},"PeriodicalIF":0.0,"publicationDate":"2021-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45177186","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Club Formation and Response To Natural Disaster: An Example From South Carolina","authors":"Ben L. Kyer, G. Maggs","doi":"10.1177/05694345211049536","DOIUrl":"https://doi.org/10.1177/05694345211049536","url":null,"abstract":"In 2016, Hurricane Matthew caused approximately 10 billion dollars of damage in the United States and nearly 350 million dollars in South Carolina. The historic rainfall damaged or completely destroyed roads, bridges, buildings, crops, and dams. This paper documents how one small lakefront community in eastern South Carolina formed a de facto Buchanan Club to fund the reconstruction of a dam destroyed by Matthew and restore a small lake, an exemplary club good. This private response was needed because both the Federal and State governments declined public assistance. In the end and roughly approximately two years after Matthew, the dam was repaired and the lake refilled with the rainfall of Hurricane Florence. JEL Classifications : H00, H41, H89","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"67 1","pages":"99 - 105"},"PeriodicalIF":0.0,"publicationDate":"2021-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46190866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The ODE Graduate Research Award Competition Competition Sponsored by Omicron Delta Epsilon International Honor Society in Economics","authors":"","doi":"10.1177/05694345211039356","DOIUrl":"https://doi.org/10.1177/05694345211039356","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"66 1","pages":"350 - 350"},"PeriodicalIF":0.0,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48545518","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The ODE Undergraduate Research Award Competition Sponsored by Omicron Delta Epsilon International Honor Society in Economics","authors":"","doi":"10.1177/05694345211039357","DOIUrl":"https://doi.org/10.1177/05694345211039357","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"66 1","pages":"351 - 351"},"PeriodicalIF":0.0,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45140533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}