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The Structure of Negotiations: Incomplete Agreements and the Focusing Effect
(2014)SSRNTwo negotiating parties with preferences distorted by the focusing effect (Koszegi and Szeidl, 2013) may implement an agreement that is inefficient. In particular, an issue will be inefficiently left out of the agreement or inefficiently included in the agreement whenever the importance of the other issues on the table is sufficiently large. In extreme cases, this could lead to an inefficient breakdown of the negotiation. Anticipating ...Working Paper -
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Advertising and Environmental Stewardship: Evidence from the BP Oil Spill
(2014)NBER Working Paper SeriesThis paper explores whether and how environmental stewardship can be provided by private markets through green advertising. We examine the period surrounding the BP oil spill and estimate how BP’s pre-spill investment in “green advertising” affected the spill’s impact on retail prices and demand at BP gasoline stations. We use station-level prices and sales from a large sample of U.S. retail gasoline stations, and market-level advertising ...Working Paper -
Overcoming the fermion sign problem in homogeneous systems
(2014)arXivExplicit treatment of many-body Fermi statistics in path integral Monte Carlo (PIMC) results in exponentially scaling computational cost due to the near cancellation of contributions to observables from even and odd permutations. Through direct analysis of exchange statistics we find that individual exchange probabilities in homogeneous systems are, except for finite size effects, independent of the configuration of other permutations ...Working Paper -
Why do galaxies stop forming stars? I. The passive fraction - black hole mass relation for central galaxies
(2014)arXivWorking Paper -
Clean substitutes and the effectiveness of Carbon Footprint Labels vs. Pigovian Subsidies: Evidence from a Field Experiment
(2014)CIES Research PaperWe study how substitutability between clean and dirty alternatives affects the effectiveness of environmental regulation in a field experiment that controls for the choice set of respondents. We consider four product categories with clean and dirty alternatives: (i) cola products in plastic bottles vs. in aluminum cans; (ii) skimmed vs. whole milk; (iii) chicken meat vs. beef meat; and (iv) margarine vs. butter. We employ two neutrally ...Working Paper