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We use DEA (Data Envelopment Analysis) techniques to determine if measured inefficiencies are caused by a missing management input. We replace the quantity of operators’ labor with estimates of the value of labor and management, and then with net farm income from the previous year, to...
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We analyze the effects of prior gain and loss experiences on individuals’ behavior in two coordination games: battle of the sexes and simultaneous market entry. We propose subjectively transformed games that integrate elements of prospect theory, aggregation of prior and subsequent payoffs,...
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We investigate the strategic decision behavior of female entrepreneurs in a realistic market entry experiment where individuals started with gains or losses experienced prior to the game. We compare the entry behavior of female entrepreneurs to the entry behavior of male entrepreneurs and to the...
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