Journal of Economic Behavior & Organization最新文献

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Testing profit maximization in the U.S. cement industry

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-10 DOI: 10.1016/j.jebo.2024.106773

Christopher P. Chambers , John Rehbeck

Motivated by a commonly held intuition that the cement industry is not competitive, we perform a revealed preference test to examine whether the United States cement industry could have been profit maximizing from 1993–1998. Rather than looking at technical efficiency, we create and examine a measure of necessary competitive price taking profit loss of the cement industry using information on aggregate output and aggregate inputs. One contribution of this paper is to compile a comprehensive dataset of United States cement producers, cement production, cement inputs data, and input/output prices. In particular, we combine data found in the U.S. Mines Geological Yearbooks, the Portland Cement Association, the American Energy Review, and the St. Louis Federal Reserve. Assuming technology is static, non-negative profits for firms, and a priori knowledge of inputs/outputs, we find the U.S. cement industry had a necessary competitive price taking profit loss of 755.1 million 1996 dollars.

引用次数: 0

An experiment on creativity in virtual teams

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-07 DOI: 10.1016/j.jebo.2025.106926

Christian Grund, Christine Harbring, Lisa Klinkenberg

The organization of work and the characteristics of tasks have undergone considerable changes in recent years. The developments include (i) an increased relevance of virtual teams and (ii) a higher demand for non-routine tasks in organizations, including creativity. Existing research on creative teams focuses on one-shot or existing teams, overlooking the importance of the formation phase of teams. This formation phase is particularly relevant for teams working in a virtual workplace setting, where communication and coordination may be constrained by the environment. Next to virtual work, hybrid working models ascend, also for teams. Therefore, we examine the influence of workplace settings and changes in these settings on creative performance of teams. We also investigate whether the individuals’ ability to choose their workplace affects creative performance. We answer those questions by conducting a 2-phase experiment with dyadic teams in the lab and online to model a presence and a virtual workplace setting and account for the formation phase of teams. We implemented the “Unusual-Uses Task” as non-routine creative task. Our results showed that teams working in presence outperform those working online. Interestingly, working at least one phase in presence induces higher creative performance than entirely working online, underscoring the relevance of hybrid workplace settings. Moreover, no significant effects of self-selection on performance were found.

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引用次数: 0

Long-run choice anomalies in reinforcement learning with bounded memory

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-05 DOI: 10.1016/j.jebo.2025.106901

Erin Giffin , Erik Lillethun

Violations of expected utility (EU) maximization have been demonstrated in many settings; however, anomalies are often reduced after repeated choices. We examine if sufficient experiential learning allows convergence to EU-maximization. In the model, a decision maker with long but finite memory repeatedly makes choices in the same decision problem with uncertainty. We focus on the existence and severity of a certain unambiguous type of long-run choice anomaly: ranking reversals (a non-EU maximizing action being most frequently chosen in the long run). We show reversals exist for almost all preferences, even in realistic examples. Reversals tend to happen when payoff differences are heavily skewed. Longer memory does not eliminate the possibility of ranking reversals, but it does make reversals less severe. Our key takeaway is that finite memory can produce major violations of the expected utility ranking even in a model where both memory and the decision-making process are unbiased.

引用次数: 0

Opening the black box of college major choice: Evidence from an information intervention

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-05 DOI: 10.1016/j.jebo.2024.106800

Fulya Ersoy , Jamin D. Speer

This study examines the role of job-related and non-job-related factors in college major choice. Using a staggered intervention, we provide students information on various aspects of majors and assess the impact of different pieces of information on their stated choices. We show that major choices depend on a wide set of factors, especially for students who are initially unsure about their major choice. The non-job-related factors, such as a major’s course difficulty and gender composition, are particularly important to students. Male and female students value different major characteristics in different ways. Female students – particularly those with below-median high school GPA – avoid majors that are more difficult than they originally believed, while male students are averse to majors with more female faculty but prefer those with more female students. Our findings help us understand gender gaps in college major choice and have a number of implications for researchers and policymakers seeking to study major choice or influence those choices.

引用次数: 0

Power distance and dishonest behavior

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106883

Qian Cao 曹倩 , Jianbiao Li 李建标 , Xiaofei Niu 牛晓飞 , Chengkang Zhu 朱程康

Despite an extensive literature on the determinants of dishonesty, our understanding of how cultural values influence such behavior is limited. To address this gap, we conduct experiments to examine whether power distance, a cultural dimension identified by Hofstede (1984) and defined as the extent to which an individual accepts that power is unequally distributed, affects dishonest behavior. We find that power distance is not only positively correlated with dishonest behavior at both the individual and the country level, but also causally affects the likelihood of engaging in dishonest behavior. Our findings shed light on the role of cultural values in dishonest behavior.

引用次数: 0

Inattention and credit card repayment date

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106906

Jiajun Jiang , Yi-Tsung Lee , Yu-Jane Liu , Juanjuan Meng

This paper presents an analysis of how inattention affects credit card repayment dates. Data from an Asian commercial bank reveal that 70 % of repayments are made prior to the due date and 21 % are late. We show that exogenous reductions in attention levels, stemming from weekday-weekend variations in billing dates and natural disasters, amplify late repayments and diminish early repayments. We find that early repayments are not random errors, and consumers learn to pay earlier or sign up for automatic payment after historical delays. We introduce a model based on inattention and heterogeneous awareness to explain these findings.

引用次数: 0

A high resolution input–output model to assess the economic impact of floods

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106896

Jlenia Di Noia, Alessandro Caiani , Luigi Cesarini, Marcello Arosio, Beatrice Monteleone

The frequency and intensity of extreme weather events are rising due to global warming. Beyond damaging physical assets, these events can cause substantial economic losses through business interruptions and cascading shocks across production networks. The paper introduces a computational inter-regional input–output framework to assess the economic impacts of river floods in Italy. The model leverages a georeferenced database of productive plants built from the ASIA-local units database. By aligning plant coordinates with inundation maps, it enhances the identification of affected units, their associated water depth, and the shock caused to sectors’ productive capacity. To demonstrate the utility of this approach, we apply it to the major flood event that struck Emilia-Romagna in May 2023, quantifying both direct and indirect economic losses from business interruptions across sectoral, regional, and national levels.

引用次数: 0

Long-term impacts of early adversity on subjective well-being: Evidence from the Chinese great famine

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106905

Qianping Ren , Liyan Wang , Maoliang Ye

Employing a difference-in-differences method across birth cohorts and regions with nationally representative data, this study examines the impact of the 1959–1961 Chinese Great Famine on survivors’ subjective well-being (SWB) fifty years later. Early-life exposure significantly reduces emotional and eudaimonic SWB, especially among females; evaluative SWB remains unaffected. Mechanism analysis highlights health status and social integration as primary channels, with socioeconomic status playing a limited role. This study is the first to systematically analyze the famine's SWB effects, revealing variability across well-being dimensions. Our findings underscore early-life circumstances’ pivotal role in SWB and the enduring consequences of adversity and public disasters.

引用次数: 0

Gender differences in graduate degree choices

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2025.106882

Judith M. Delaney , Paul J. Devereux

While gender differences in the decision of what to study at undergraduate level are much studied, there is relatively little attention paid to subsequent study decisions of graduates. Given the increased importance of graduate education in recent decades, these decisions can have major labour market implications. In this paper, we use administrative data from Ireland to study these choices. We find systematic and substantial differences by gender in choice of graduate field, even when taking account of the exact undergraduate programme attended and a large set of controls measuring academic interests and aptitudes. Female graduates are less likely to do further study in STEM fields and more likely to enter teaching and health programmes. When we explore the effect of these choices on early career gender gaps in earnings, we find that they tend to exacerbate earnings gaps. Even after accounting for the exact undergraduate programme and detailed school subject choices and grades, the choice of graduate programme can explain about 20% of the gender earnings gap at age 33 for persons who pursued a graduate degree.

引用次数: 0

Gender differences in political career progression

IF 2.3 3区经济学 Q2 ECONOMICS

Journal of Economic Behavior & Organization

Pub Date : 2025-02-01 DOI: 10.1016/j.jebo.2024.106806

Ryan Brown , Hani Mansour , Stephen D. O’Connell , James Reeves

This paper quantifies the gender gap in the returns to electoral success on the career progression of novice U.S. state legislators. Using a regression discontinuity design, we find that narrowly winning a state legislature election doubles the probability that a female politician will later compete for a higher-level legislative seat compared to narrowly elected male politicians. While the gender gap in the effect of local political experience on winning a higher-level election also favors women, it is not precisely estimated. The gender difference in the effect of winning a state legislature seat is larger when serving in positions that closely resemble the responsibilities and workload of higher-level positions. We conclude that the pathway from local to higher-level political offices functions at least as effectively for women as for men. Therefore, supporting the recruitment, funding, and campaigning of women in local elections can be an effective strategy to increase their representation at the highest levels of government.

引用次数: 0

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