Cox, James C., Friedman, Daniel, Sadiraj, Vjollca
This pap er develops a theory of revealed preferences over oneís own and othersímonetary payo§s. We intro duce ìmore altruistic thanî(MAT), a partial ordering over preferences, and interpret it...
Daniel D. Zeng, James C. Cox, Moshe Dror
In both consumer purchasing and industrial procurement, combinatorial interdependencies among the items to be purchased are commonplace. E-commerce compounds the problem by providing more...
Friedman, Daniel, Sadiraj, Vjollca, Cox, James C.
This paper develops a nonparametric theory of preferences over one's own and others' monetary payoffs. We introduce "more altruistic than" (MAT), a partial ordering over such preferences, and...
A Tractable Model of Reciprocity and Fairness 1 (2007)
James C. Cox, C. Cox, Daniel Friedman, Daniel Friedman
We introduce a parametric model of other-regarding preferences. The income distribution, other status considerations, and the kindness or unkindness of others ’ choices (“intentions”)...
When are Women More Generous than Men? (2007)
Previous research on gender differences in behavior has led to seemingly contradictory findings. While some authors report that women are more generous than men, others report the opposite relative...
On the Economics of Reciprocity (2007)
On the Economics of Reciprocity* Much of economic and game theoretic modeling has focused on the special case in which agents are assumed to be exclusively concerned with maximizing their own...
Risk Aversion and Expected-Utility Theory: Coherence for Small- and Large-Stakes Gambles (2007)
James C. Cox, C. Cox, Vjollca Sadiraj, Vjollca Sadiraj
A central objective in developing an empirical science is coherence in the application of theory to
Abstract Trust, Fear, Reciprocity, and Altruism* (2007)
James C. Cox, Klarita Sadiraj, Vjollca Sadiraj
This paper uses a triadic experimental design to discriminate between actions motivated by preferences over the distribution of material outcomes and actions motivated by attributions of the...
Trust in Private and Common Property Experiments (2007)
Cox, James C., Ostrom, Elinor, Walker, James M.
"We report the results from a series of experiments designed to investigate behavior in two settings that are frequently posited in the policy literature as generating different outcomes: private...
When Are Women More Generous than Men? (2006)
Previous research on gender differences in behavior has led to seemingly contradictory findings about generosity. From data generated by 290 subject pairs, we find that women are more sensitive than...
When Are Women More Generous than Men? (2006)
Previous research on gender differences in behavior has led to seemingly contradictory findings about generosity. From data generated by 290 subject pairs, we find that women are more sensitive than...
When Are Women More Generous than Men? (2006)
Previous research on gender differences in behavior has led to seemingly contradictory findings about generosity. From data generated by 290 subject pairs, we find that women are more sensitive than...
Economics, Psychology, and Social Dynamics of Consumer Bidding in Auctions (2005)
Cheema, Amar, Bagchi, Rajesh, Bagozzi, Richard P., Cox, James C., Dholakia, Utpal M., ...
With increasing numbers of consumers in auction marketplaces, we highlight some recent approaches that bring additional economic, social, and psychological factors to bear on existing economic theory...
Price Auctions, Yusufcan Masatlioglu, Neslihan Uler, James C. Cox, Guillaume R. Frechette, ...
The Revelation Principle depends on a seemingly innocuous assumption that theoretically outcome-equivalent (TOE) direct and indirect mechanisms are behaviorally equivalent as well. However, this...
On the Nature of Reciprocal Motives (2005)
Data from 692 subjects in 11 experimental treatments provide a systematic exploration of the existence and nature of reciprocal behavior in two-person games. The experimental design discriminates...
Barking up the right tree: Are small groups rational agents (2002)
James C. Cox, James C. Cox, Stephen C. Hayne, Stephen C. Hayne
Both mainstream economics and its critics have focused on models of individual rational agents. But most important decisions are made by small groups such as families, management teams, boards of...
James C. Cox, Theo Offerman Creed, Mark A. Olson
Several European countries and Japan are in various stages of privatizing and/or introducing more competition in passenger rail service. This process has been furthered in Europe by a directive from...
On testing the utility hypothesis (1997)
In order to be able to conduct a test of the (core) utility hypolhesis that is not confounded with tests of (subsidiary) hypotheses that economic agents all have the same preferences and that their...
MINIMUM WAGE EFFECTS WITH OUTPUT STABILIZATION (1986)
COX, JAMES C., OAXACA, RONALD L.
What are the effects of legal minimum wage rates on the U.S. economy? Does minimum wage legislation promote the economic self-interest of high wage union labor and impede the economic...
IN SEARCH OF THE WINNER'S CURSE (1984)
Earlier papers on the winner's curse have provided theoretical arguments that winning bidders in an auction will incur ex post losses even when all bidders use reasonable ex ante bidding strategies....
THE POLITICAL ECONOMY OF MINIMUM WAGE LEGISLATION (1982)
COX, JAMES C., OAXACA, RONALD L.
Two questions are addressed in this paper. (A) Why do labor unions and certain employer organizations respectively promote and impede minimum wage legislation? (B) Do these groups have...
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Assigning Intentions when Actions are Unobservable: the Impact of Trembling in the Trust Game
This paper reports laboratory experiments investigating behavior when players may make inferences about the intentions behind others' prior actions based on higher- or lower-accuracy information...
Is There A Plausible Theory for Risky Decisions?
James C. Cox, Vjollca Sadiraj, Bodo Vogt, Utteeyo Dasgupta
A large literature is concerned with analysis and empirical application of theories of decision making for environments with risky outcomes. Expected value theory has been known for centuries to be...
James C. Cox, Daniel Friedman, Vjollca Sadiraj
This paper develops a nonparametric theory of preferences over one's own and others' monetary payoffs. We introduce "more altruistic than" (MAT), a partial ordering over preferences, and interpret it...
James C. Cox, Daniel Friedman, Vjollca Sadiraj
This paper develops a nonparametric theory of preferences over one's own and others' monetary payoffs. We introduce "more altruistic than" (MAT), a partial ordering over such preferences, and...
A Tractable Model of Reciprocity and Fairness
James C. Cox, Daniel Friedman, Steven Gjerstad
We introduce a parametric model of other-regarding preferences in which my emotional state determines the marginal rate of substitution between my own and others' payoffs, and thus my subsequent...
Implications of Trust, Fear, and Reciprocity for Modeling Economic Behavior
James C. Cox, Klarita Sadiraj, Vjollca Vjollca
This paper reports three experiments with triadic or dyadic designs. The experiments include the moonlighting game in which first-mover actions can elicit positively or negatively reciprocal...
Competition for Versus on the Rails: A Laboratory Experiment
James C. Cox, Theo Offerman, Mark A. Olson
European countries and Japan are contemplating more competition in passenger rail service. In the Netherlands, the Ministry of Transport was assigned responsibility for making a recommendation to...
On Testing the Utility Hypothesis.
In order to be able to conduct a test of the (core) utility hypothesis that is not confounded with tests of (subsidiary) hypotheses that economic agents all have the same preferences and that their...
Direct Tests of the Reservation Wage Property.
Cox, James C, Oaxaca, Ronald L
This paper provides the first direct experimental tests of the reservation wages predicted by finite horizon job search models. Previous indirect tests were based on search duration and search...
Laboratory Experiments with a Finite-Horizon Job-Search Model.
Cox, James C, Oaxaca, Ronald L
In this article we explain the essential role of controlled experiments in testing job-search models. We derive the testable implications of a finite-horizon job-search model and lay out the design...
Barking Up the Right Tree: Are Small Groups Rational Agents?
James C. Cox, Stephen C. Hayne
Both mainstream economics and its critics have focused on models of individual rational agents even though most important decisions are made by small groups. Little systematic work has been done to...
Small- and Large-Stakes Risk Aversion: Implications of Concavity Calibration for Decision Theory
A growing literature reports the conclusions that: (a) expected utility theory does not provide a plausible theory of risk aversion for both small-stakes and large-stakes gambles; and (b) this...
Coordination of Purchasing and Bidding Activities Across Markets
Daniel D. Zeng, James C. Cox, Moshe Dror
In both consumer purchasing and industrial procurement, combinatorial interdependencies among the items to be purchased are commonplace. E-commerce compounds the problem by providing more...
When are Women More Generous than Men?
Previous research on gender differences in behavior has led to seemingly contradictory findings about generosity. From data generated by 290 subject pairs, we find that women are more sensitive than...
Trust, Fear, Reciprocity, and Altruism: Theory and Experiment
This paper describes central topics in our research program on social preferences. The discussion covers experimental designs that discriminate among alternative components of preferences such as...
Direct Tests of Models of Social Preferences and a New Model
Departures from "economic man" behavior in many games in which fairness is a salient characteristic are now well documented in the experimental economics literature. These data have inspired...
On Modeling Voluntary Contributions to Public Goods
This paper addresses four "stylized facts" that summarize data from experimental studies of voluntary contributions to provision of public goods. Theoretical propositions and testable hypotheses for...
Trust in Private and Common Property Experiments
James C. Cox, Elinor Ostrom, James M. Walker, Jamie Castillo, Eric Coleman, Robert Holahan, ...
We report the results from a series of experiments designed to investigate behavior in two settings that are frequently posited in the policy literature as generating different outcomes: private...
Ernan Haruvy, Octavian Carare, James C. Cox, Eric A. Greenleaf, Wolfgang Jank, ...
Even though auctions are capturing an increasing share of commerce, they are typically treated in the theoretical economics literature as isolated. That is, an auction is typically treated as a...
Preference Reversals without the Independence Axiom.
The preference reversal phenomenon was believed to be inconsistent with the transitivity axiom of decision theory. However, recent theoretical papers have demonstrated that the preference reversals...
Can Supply and Demand Parameters Be Recovered from Data Generated by Market Institutions?
Cox, James C, Oaxaca, Ronald L
The relative accuracy of estimators in recovering supply and demand parameters can depend on the market institutions that generate the data. The parameters of known supply and demand functions are...
Inducing Risk-Neutral Preferences: Further Analysis of the Data.
Cox, James C, Oaxaca, Ronald L
The lottery payoff procedure does not successfully induce risk-neutral bidding behavior in first-price, sealed-bid auctions. This conclusion follows from both ordinary-least-squares estimation with...
Theory and Individual Behavior of First-Price Auctions.
Cox, James C, Smith, Vernon L, Walker, James M
First-price auction theory is extended to the case of heterogeneous bidders characterized by M-parameter log-concave utility functions. This model, and its specific two-parameter constant relative...
Mechanisms for Incentive Regulation: Theory and Experiment
This article develops the theoretical properties of a new incentive mechanism for regulating a monopoly seller and reports the results of laboratory experimental tests of its behavioral properties....
An Experiment to Evaluate Bayesian Learning of Nash Equilibrium Play
James C. Cox, Jason Shachat, Mark Walker
Some recent theoretical approaches to the question of how players might converge over time to a Nash equilibrium have assumed that the players update their beliefs about other players via Bayes'...
The preference reversal phenomenon: Response mode, markets and incentives (*)
David M. Grether, James C. Cox
This paper addresses the apparent conflict between the results of experiments on individual choice and judgement and the results of market experiments. Data are reported for experiments designed to...
On the Nature of Reciprocal Motives
Data from 692 subjects in 11 experimental treatments provide a systematic exploration of the existence and nature of reciprocal behavior in two-person games. The experimental design discriminates...
When Are Women More Generous than Men?
Previous research on gender differences in behavior has led to seemingly contradictory findings about generosity. From data generated by 290 subject pairs, we find that women are more sensitive than...
Assigning Intentions when Actions Are Unobservable: The Impact of Trembling in the Trust Game
This article reports laboratory experiments investigating behavior in which players may make inferences about the intentions behind others' prior actions based on higher- or lower-accuracy...
Assigning Intentions when Actions Are Unobservable: The Impact of Trembling in the Trust Game
This article reports laboratory experiments investigating behavior in which players may make inferences about the intentions behind others' prior actions based on higher- or lower-accuracy...
Experiments in Decentralized Monopoly Restraint
Cox, James C., Isaac, R. Mark, Charles R. Plott, Vernon L. Smith
Laboratory Tests of Job Search Models
Cox, James C., Oaxaca, Ronald L., Charles R. Plott, Vernon L. Smith
Experimetrics: The Use of Market Experiments to Evaluate the Performance of Econometric Estimators
Cox, James C., Oaxaca, Ronald L., Charles R. Plott, Vernon L. Smith
On the Empirical Relevance of St.Petersburg Lotteries
James C. Cox, Vjollca Sadiraj, Bodo Vogt
Expected value theory has been known for centuries to be subject to critique by St. Petersburg paradox arguments. And there is a traditional rebuttal of the critique that denies the empirical...
Saliency of Outside Options in the Lost Wallet Game
James C. Cox, Maros Servatka, Radovan Vadovic
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On the Coefficient of Variation as a Measure of Risk Sensitivity
Weber, Shafir, and Blais (2004) advocate use of the coefficient of variation (CV) as a measure of risk sensitivity and apply CV in a meta-analysis of data for risky choices by humans and animals. We...
Saliency of Outside Options in the Lost Wallet Game
James C. Cox, Maroš Servátka, Radovan Vadovic
This paper reports an experiment designed to shed light on an empirical puzzle observed by Dufwenberg and Gneezy (2000) that the size of the foregone outside option by the first mover does not affect...
Trust in Private and Common Property Experiments
James C. Cox, Elinor Ostrom,, James M. Walker, Antonio Jamie Castillo, Eric Coleman, Robert Holahan, ...
We report the results from a series of experiments designed to investigate behavior in two settings that are frequently posited in the policy literature as generating different outcomes: private...