Research

Publications


"If Wages Fell During a Recession," with Daniel Houser (forthcoming at the Journal of Economic Behavior and Organization)

Abstract: Many economies exhibit downward wage rigidity. Surveys of managers indicate that employers hold wages rigid because they believe morale will suffer after a wage cut. Otherwise, there is little evidence for how employers' beliefs contribute to wage rigidity and whether those beliefs are accurate. Using an experiment, we demonstrate that effort falls after workers experience a wage cut. Despite this partial confirmation of the Bewley (1999) morale theory, half of the employers in our experiment cut wages and lose money as a result. Under nominal inflation, real wage cuts do not have a significant effect on effort.


"My Reference Point, Not Yours," (2020) Journal of Economic Behavior and Organization, 171: 297-311.

Abstract: Reference points formed by initial endowments influence individual decisions. This experiment tests whether an individual can predict the behavior of other people who have different reference points. Despite financial incentives for being correct, players fail to imagine themselves in another person’s shoes. A low endowment player generally cannot predict the behavior of those who were assigned high endowments, and vice versa, when asked about group behavior. Instead of considering the perspectives of others, a low endowment player predicts that all others will act as if they all had low endowments. This controlled experiment helps explain why it is difficult to understand the perspectives of other people, while also demonstrating that it is possible when a player is specifically prompted to consider an individual in a different circumstance.


"Implementation of a New Data Analytics Curriculum: A Case Study," (2019), with Jennings B. Marshall, Steven T. Jones, Alan Blankley, Chad Carson, Cynthia Lohrke, Matt Mazzei, and Kevin Pan. Proceedings of the Academy of Economics and Finance, 42: 25-30.

"Smile, Dictator, You’re On Camera,” (2017), with Matthew McMahon, Matthew Simpson and Bart Wilson. Southern Economic Journal, 84:1, 52-65.

"Economics of the World Beyond the Classroom: Two Methods for Teaching," (2017), with Steven Gjerstad, Journal of Economics and Finance Education, 16:1, 1-6.

Information Effects in Multi-Unit Dutch Auctions,” (2016), with Steven Gjerstad and David Porter. Southern Economic Journal 83:1, 126-145.

An Experiment on Protecting Intellectual Property,” (2014), with Bart Wilson. Experimental Economics, 17:4, 691-716.

Underwater Recession,” with Steven Gjerstad and Vernon L. Smith. The American Interest, May/June 2012.


Working Papers

"Willingness to be Paid: Who Trains for Tech Jobs?"

"Benevolent dictators: The role of decision-making rules in the expression of preferences for equality," with Gavin Roberts (under review)

"The Slow Adjustment of the American Technology Labor Force," with Henry Kronk and Noah Leatham (under review)