Publications

• "Comparative Risk Apportionment," with Paan Jindapon and Liqun Liu, Economic Theory Bulletin, forthcoming.


• "The Participation Puzzle with Reference-dependent Expected Utility Preferences," with Jianli Wang and Liqun Liu, Insurance: Mathematics and Economics, 93, July 2020, 278-287.


• "Cybercrime and Punishment," with Ye Hong, Journal of Legal Studies 49, June 2020, 431-466.


• "Alternative Approaches to Comparative nth-Degree Risk Aversion,” with Liqun Liu, Management Science 65, August 2019, 3824-3834. Download


• "Added Surplus and Lost Bargaining Power in Long-term Contracting,” with Michael Price and Bruno Wichmann, Journal of Behavioral and Experimental Economics 76, October 2018, 7-22. Download


• "Shareholder Protection and Agency Costs: An Experimental Analysis,” with Jacob LaRiviere and Matthew McMahon, Management Science 64, July 2018, 3108-3128. Download


• "Equilibrium Vaccination Patterns in Incomplete and Heterogeneous Networks,” with Yancheng Xiao, European Economic Review 105, June 2018, 174-192. Download


• "The Effects of Group Composition in a Strategic Environment: Evidence from a Field Experiment,” with John List and Michael Price, European Economic Review 90, November 2016, 67-85. Download


• "From Taste-Based to Statistical Discrimination,” with Shanshan Ying, Journal of Economic Behavior and Organization 129, September 2016, 116-128. Download


• "Social Networks and Non-market Valuations," with Bruno Wichmann, Journal of Environmental Economics and Management 67, March 2014, 155-170. Download


• "Endogenous Coordination and Discoordination Games: Mutliculturalism and Assimilation" with John Conley, Journal of Economic Behavior and Organization 92, August 2013, 176-191. Download


• "Enforcement Leverage with Fixed Inspection Capacity" with Lirong Liu, Strategic Behavior and the Environment 3, 2013, 305-328. Download


• "The CEO Arms Race," with Natalia Gritsko, Valentina Kozlova, and Bruno Wichmann, Southern Economic Journal 79, January 2013, 586-599. Download


• "Theoretical Advances Spurred by 'Stubborn Facts:' A Defense of the Behavioral Economics Paradigm," American Behavioral Scientist 55, August 2011, 976-986. Download


• "The Peculiar Economics of Housing Bubbles," with Omer Bayar, Contemporary Economic Policy 29, July 2011, 374-381. Download


• "High Scores but Low Skills," with Liqun Liu, Economics of Education Review 30, June 2011, 507-516. Download


• "Kiffin Goods," with Omer Bayar and Stephen Ogden, Economics Bulletin 30, December 2010, 1-6. Download


• "A Simplified Axiomatic Approach to Ambiguity Aversion," Journal of Risk and Uncertainty 41, October 2010, 113-124. Download


• "Piece Rate Contracts for Other-Regarding Workers," with Jill Stowe, Economic Inquiry 48, July 2010, 575-586. Download


• "Lessons from a Behavioral Economics Success Story: Comment on Theory and Experiment: What are the Questions?" Journal of Economic Behavior and Organization 73, January 2010, 62-64. Download


• "The Impact of Societal Risk Attitudes on Terrorism and Counterterrorism," with Paan Jindapon, Economics & Politics, November 2009, 433-451. Download


• "Explaining Subjective Risks of Hurricanes and the Role of Risks in Intended Moving and Location Choice Models," with Justin Baker, W. Douglass Shaw, David Bell, Sam Brody, Mary Riddel, and Richard Woodward, Natural Hazards Review 10, August 2009, 102-112. Download


• "Endogenous Games and Equilibrium Adoption of Social Norms and Ethical Constraints," with John Conley, Games and Economic Behavior 66, July 2009, 761-774. Download


• "Price Sensitive Prescribers," Economics Letters 104, July 2009, 20-22. Download


• "A Theory of Kindness, Reluctance, and Shame for Social Preferences," Games and Economic Behavior 66, May 2009, 394-403. Download


• "Votes Based on Protracted Deliberations," with Harold Winter, Journal of Economic Behavior and Organization 67, July 2008, 308-321. Download


• "Interim Bribery in Auctions," with Sevket Koc, Economics Letters 99, May 2008, 238-241. Download


• "Higher-order Generalizations of Arrow-Pratt and Ross Risk Aversion: A Comparative Statics Approach" with Paan Jindapon, Journal of Economic Theory 136, September 2007, 719-728. Download


• "The Reliability of Alliances and Extended Deterrence: A Game-Theoretical Analysis," with Ho-Chyuan Chen, Issues & Studies 43, June 2007, 1-37. Download


• "Inequality Aversion and Diminishing Sensitivity," with Sarah Hill, Journal of Economic Psychology 28, April 2007, 143-153. Download


• "Endogenous Private Safety Investment and the Willingness to Pay for Mortality Risk Reductions," with Liqun Liu, European Economic Review 50, December 2006, 2063-2074. Download


• "Axiomatic Reference-Dependence in Behavior Toward Others and Toward Risk," Economic Theory 28, August 2006, 681-692. Download


• "Beliefs about Other-Regarding Preferences in a Sequential Public Goods Game," with Jennifer Coats, Economic Inquiry 43, July 2005, 614-622. Download


• "Endogenous Private Health Investment and the Willingness to Pay for Public Health Projects: The Effects of Income," with Liqun Liu, Economics Letters 87, June 2005, 415-420. Download


• "The Elimination of Hung Juries: Retrials and Nonunanimous Verdicts," with Harold Winter, International Review of Law and Economics 25, March 2005, 1-19. Download


• "Homework and Performance for Time-Constrained Students," Economics Bulletin 9 February 2005, 1-6. Download


• "Probability Transformations in the Study of Behavior Toward Risk," Synthese 135, May 2003, 171-192. Download


• "Comparative Risk Sensitivity with Reference Dependent Preferences," Journal of Risk and Uncertainty 24, March 2002, 131-142. Download


• "A Verification of the Expected Utility Calibration Theorem," with Harold Winter, Economics Letters 74, February 2002, 347-351. Download


• "A Further Examination of Cumulative Prospect Theory Parameterizations," with Jill Stowe, Journal of Risk and Uncertainty 24, January 2002, 31-46. Download


• "Calibration Results for Rank-Dependent Expected Utility," Economics Bulletin 4, September 2001, 1-5. Download


• "A Standard-Setting Agency and Environmental Enforcement," with Geum-Soo Kim, Southern Economic Journal 67, January 2001, 757-763. Download


• "Bias and the Economics of Jury Selection," with Harold Winter, International Review of Law and Economics 20, June 2000, 223-250. Download


• "The Economics of Favors," Journal of Economic Behavior and Organization 39, July 1999, 387-397. Download


• "Pure-Strategy Equilibria with Nonexpected Utility Preferences," with Ho-Chyuan Chen, Theory and Decision 46, April 1999, 201-212. Download


• "Reference Wealth Effects in Sequential Choice," Journal of Risk and Uncertainty 17, October 1998, 27-47. Download


• "Optimal Punishment Schemes with State-Dependent Preferences," Economic Inquiry 36, April 1998, 266-271. Download


• "On Criminals' Risk Attitudes," with Harold Winter, Economics Letters 55, August 1997, 97-102. Download


• "Infinitely-Repeated Games with Endogenous Discounting," with Harold Winter, Economics Letters 52, August 1996, 163-169. Download


• "Comparative Statics Derivatives with Nonlinear Preferences," Journal of Mathematical Economics 24, January 1995, 45-57. Download


• "The 1985-86 Oil Price Collapse and Afterwards: What Does Game Theory Add?" with James Griffin, Economic Inquiry 32, October 1994, 543-561. Download


• "Enhancing Bargaining Power with Most-Favored-Customer Pricing," with Harold Winter, Economics Letters 44, March 1994, 61-66. Download


• "Second Price Auctions Without Expected Utility," Journal of Economic Theory 62, February 1994, 136-151. Download


• "An Expected Utility-User's Guide to Nonexpected Utility Experiments," Eastern Economic Journal 19, Summer 1993, 257-274. Download


• "Bilateral Most-Favored-Customer Pricing and Collusion," with Harold Winter, Rand Journal of Economics 24, Spring 1993, 147-155. Download


• "A Mixed Fan Hypothesis and Its Implications for Behavior Toward Risk," Journal of Economic Behavior and Organization 19, October 1992, 197-211. Download


• "Some Mixed Results on Boundary Effects," Economics Letters 38, July 1992, 275-278. Download


• "Unilateral Most-Favored-Customer Pricing: A Comparison with Stackelberg," with Harold Winter, Economics Letters 38, February 1992, 229-232. Download


• "Smooth Indifference Sets," Journal of Mathematical Economics 20, March 1991, 181-197. Download


• "The Ross Characterization of Risk Aversion: Strengthening and Extension," with Mark Machina, Econometrica 55, September 1987, 1139-1149. Download