SIER Working Paper Series

123 Property Rights and Fairness: A Tale of Two Koreas

Author : Syngjoo Choi, Byung-Yeon Kim, Jungmin Lee, and Sokbae Lee
Abstract :
We compare two groups of non-student Korean population—native-born South Koreans (SK) and North Ko...

122 Do Teaching Practices Matter for Cooperation?

Author : Syngjoo Choi, Booyuel Kim, Minseon Park, and Yoonsoo Park
Abstract :
This paper investigates the impact of a student-centered teaching pedagogy program on cooperative be...

121 Probability Weighting and Cognitive Ability

Author : Syngjoo Choi, Jeongbin Kim, Eungik Lee, and Jungmin Lee
Abstract :
Probability weighting is a major concept for accommodating systemic departures from expected utility...

120 Network Formation in Large Groups

Author : Syngjoo Choi, Sanjeev Goyal, and Fr´ed´eric Moisan
Abstract :
We conduct an experiment to understand the principles that govern network formation. The design of t...

119 Cross-Sectional and Aggregate Labor Supply

Author : Yongsung Chang, Sun-Bin Kim, Kyooho Kwon, Richard Rogerson
Abstract :
Standard heterogeneous agent macro models that highlight idiosyncratic productivity shocks do not ge...

118 How Sticky Wages In Existing Jobs Can Affect Hiring

Author : Mark Bils, Yongsung Chang, Sun-Bin Kim
Abstract :
We consider a matching model of employment with flexible wages for new hires, but sticky wages withi...

117 Optimal Taxation with Private Insurance

Author : Yongsung Chang, Yena Park
Abstract :
We derive a fully nonlinear optimal income tax schedule in the presence of private insurance. As in ...

116 Testing for Overconfidence Statistically: A Moment Inequality Approach

Author : Yanchun Jin and Ryo Okui
Abstract :
We propose an econometric procedure to test for the presence of overconfidence using data collected ...

115 Belief Formation Under Signal Correlation

Author : Tanjim Hossain, Ryo Okui
Abstract :
Using a set of incentivized laboratory experiments, we characterize how people form beliefs about a ...

114 Interdependent Value Auctions with Insider Information: Theory and Experiment

Author : Syngjoo Choi, Jos´e-Alberto Guerra, and Jinwoo Kim
Abstract :
We develop a model of interdependent value auctions in which two types of bidders compete: insiders,...