Identifying and Decomposing Peer Effects on Decision-Making Using a Randomized Controlled Trial
Daichi Shimamoto (),
Yu Ri Kim () and
Petr Matous ()
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Yu Ri Kim: Faculty of Political Science and Economics, Waseda University and Graduate School of Frontier Sciences, The University of Tokyo
Petr Matous: School of Engineering, Department of Civil Engineering, The University of Tokyo and Complex Systems Research Group, Faculty of Engineering and IT, The University of Sydney
No 1704, Working Papers from Waseda University, Faculty of Political Science and Economics
This paper investigates peer effects on firm managers’ decisions. We invited 131 randomly selected firm representatives to three one-day seminars on export promotion. We found that peers' invitation in the seminars has a positive effect on firms' participation. We distinguish between peers' invitation on the same day and other days, finding that the former has a positive effect while the latter has no significant effect. These results imply that peer effects arise mostly through a reduction of psychological cost of participation. Our results suggest that multiple equilibria in the share of participants within each network of firms may emerge.
Keywords: peer effects; social networks; information confirmation; free riding; randomized controlled trials (search for similar items in EconPapers)
JEL-codes: C93 D22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp, nep-net and nep-ure
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