Results

Journal article

Review of Economic Studies:

Temporal-difference estimation of dynamic discrete choice models

We study the use of Temporal-Difference learning for estimating the structural parameters in dynamic discrete choice models. Our algorithms are based on the conditional choice probability approach but use functional appr...Read more...

Journal article

Journal of Behavioral and Experimental Economics:

Faster, higher, stronger? and happier? Relative achievement and marginal rank effects

Most prior research on the relationship between relative attainment and subjective wellbeing focuses on relative income. The direction of this relationship may, however, be positive or negative. Defining the target compa...Read more...

Journal article

Journal of Public Economics:

Quantifying the intangible impact of the Olympics using subjective well-being data

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in Lond...Read more...

CEP discussion paper

Quantifying the intangible impact of the Olympics using subjective well-being data

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in Lond...Read more...

CEP discussion paper

The host with the most? The effects of the Olympic Games on happiness

We show that hosting the Olympic Games in 2012 had a positive impact on the life satisfaction and happiness of Londoners during the Games, compared to residents of Paris and Berlin. Notwithstanding issues of causal infer...Read more...

CEP discussion paper

Without my medal on my mind: counterfactual thinking and other determinants of athlete emotions

How achievement makes people feel depends upon counterfactual thoughts about what could have been. One body of evidence for this comes from studies of observer ratings of Olympians' happiness, which suggests that categor...Read more...

Journal article

Journal of Behavioral and Experimental Economics:

Are happier people less judgmental of other people's selfish behaviors? Experimental survey evidence from trust and gift exchange games

What determines people's moral judgments of selfish behaviors? Here we study whether people's normative views in trust and gift exchange games, which underlie many situations of economic and social significance, are them...Read more...

CentrePiece article

In brief... American Idol: 65 years of admiration

Every year for over half a century, the US opinion pollsters Gallup have asked Americans to say which person they most admire. Alan Manning and Amar Shanghavi consider what their answers reveal about how public attitudes...Read more...

CEP discussion paper

Trust and racial income inequality: evidence from the US

Existing studies of trust formation in U.S. metropolitan areas have found that trust is lower when there is more income inequality and greater racial fragmentation. I add to this literature by examining the role of incom...Read more...

CEP discussion paper

'American Idol' - 65 years of admiration

Since the 1940s Gallup has, every December, asked Americans about the living man and woman they most admire. This paper documents the way in which the types of people who are admired has changed and argues that the respo...Read more...

CEP discussion paper

Are happier people less judgmental of other people's selfish behaviors? Laboratory evidence from trust and gift exchange games

What determines people?s moral judgments of selfish behaviors? Here we study whether people?s normative views in trust and gift exchange games, which underlie many situations of economic and social significance, are them...Read more...

CEP election analysis

Life Opportunities: The Evidence on the UK?s Declining Social Mobility

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CEP discussion paper

Market Leadership Through Technology - Backward Compatibility in the U.S. Handheld Video Game Industry

The introduction of a new product generation forces incumbents in network industries to rebuild their installed base to maintain an advantage over potential entrants. We study if backward compatibility moderates this pro...Read more...

CEP discussion paper

Leveraging Monopoly Power by Degrading Interoperability: Theory and Evidence from Computer Markets

When will a monopolist have incentives to leverage his market power in a primary market to foreclose competition in a complementary market by degrading compatibility/interoperability of his products with those of her riv...Read more...

CEP discussion paper

The Organization of Firms Across Countries

We argue that social capital as proxied by trust increases aggregate productivity by affecting the organization of firms. To do this we collect new data on the decentralization of investment, hiring, production, and sale...Read more...

CEP discussion paper

Is There a Market for Work Group Servers? Evaluating Market Level Demand Elasticities Using Micro and Macro Models

This paper contains an empirical analysis demand for ?work-group? (or low-end) servers. Servers are at the centre of many US and EU anti-trust debates, including the Hewlett-Packard/Compaq merger and investigations into ...Read more...