Michael Price, an assistant professor in the Department of Economics, recently had an important paper published in the American Economics Review, arguably the best general interest journal in the field and one of the Financial Times’ “Top 45 Journals.” Price’s study examines why people initially give to charities, why they remain committed to the cause, and why they lose interest. The paper is noteworthy in its use of “field experiments” to examine charitable giving. Field experiments, which make use of data in the randomized environment of the “real world” rather than the somewhat artificial world of the laboratory, are relatively new to economics research, and Price is emerging as a leading scholar in this area.
Price, who earned his Ph.D. from the University of Maryland in 2005, joined the faculty of the University of Tennessee, Knoxville, in 2008.
Landry, Craig E., Andreas Lange, John A. List, Michael K. Price, and Nicholas G. Rupp. 2010. “Is a Donor in Hand Better Than Two in the Bush? Evidence from a Natural Field Experiment.” American Economic Review, 100(3): 958–83.
List, John A. and Michael K. Price, “The Role of Social Connections in Charitable Fundraising: Evidence from a Natural Field Experiment,” Journal of Economic Behavior and Organization, 69 (2009): pp. 160-169.
Lange, Andreas and John A. List, “Auctions with Resale when Private Values are Uncertain: Theory and Experimental Evidence,” forthcoming International Journal of Industrial Organization.
Visit the Quest Gallery at Trace, UT’s digital archive, to access publications of other Quest Scholars of the Week.Tags: Business • Economics • Michael Price