Hashinger Hall, Chapman University, Orange, California

Hashinger Hall, Chapman University, 346 N. Center Street, Orange, California. The late Dr. Edward H. Hashinger, former trustee and past chairman of the board is the man whose name has graced the walls of this building since 1969. The Hashinger Science Center (3 floors, 65,364 sq.ft.) houses all science departments including biology, natural and applied sciences, environmental and chemical sciences, food science and nutrition, kinesiology and physical therapy.

Groundbreaking for Hashinger Hall, Chapman University, Orange, California

Groundbreaking for Hashinger Hall, Chapman University, Orange, California. Art Flint, geologist and science department chairman is at the far right, with President John Davis next to him. The late Dr. Edward H. Hashinger, former trustee and past chairman of the board is the man whose name has graced the walls of this building since 1969. The Hashinger Science Center (3 floors, 65,364 sq.ft.) houses all science departments including biology, natural and applied sciences, environmental and chemical sciences, food science and nutrition, kinesiology and physical therapy.

Hashinger Hall, Chapman University, Orange, California

Hashinger Hall, Chapman University, 346 N. Center Street, Orange, California. The late Dr. Edward H. Hashinger, former trustee and past chairman of the board is the man whose name has graced the walls of this building since 1969. The Hashinger Science Center (3 floors, 65,364 sq.ft.) houses all science departments including biology, natural and applied sciences, environmental and chemical sciences, food science and nutrition, kinesiology and physical therapy.

Hashinger Hall, Chapman University, Orange, California

Hashinger Hall, Chapman University, 346 N. Center Street, Orange, California. The late Dr. Edward H. Hashinger, former trustee and past chairman of the board is the man whose name has graced the walls of this building since 1969. The Hashinger Science Center (3 floors, 65,364 sq.ft.) houses all science departments including biology, natural and applied sciences, environmental and chemical sciences, food science and nutrition, kinesiology and physical therapy.

Hashinger Hall, Chapman University, Orange, California

Hashinger Hall, Chapman University, 346 N. Center Street, Orange, California. The late Dr. Edward H. Hashinger, former trustee and past chairman of the board is the man whose name has graced the walls of this building since 1969. The Hashinger Science Center (3 floors, 65,364 sq.ft.) houses all science departments including biology, natural and applied sciences, environmental and chemical sciences, food science and nutrition, kinesiology and physical therapy.

Hashinger Hall, Chapman University, Orange, California

Hashinger Hall, Chapman University, 346 N. Center Street, Orange, California. The late Dr. Edward H. Hashinger, former trustee and past chairman of the board is the man whose name has graced the walls of this building since 1969. The Hashinger Science Center (3 floors, 65,364 sq.ft.) houses all science departments including biology, natural and applied sciences, environmental and chemical sciences, food science and nutrition, kinesiology and physical therapy.

Smith Hall, Chapman University, Orange, California

Entrance to Smith Hall, Chapman College, Orange, California. This building was completed in 1913 as the Science Building for Orange Union High School and was acquired by Chapman in 1954. In 1988 it was named in honor of former president G.T. (Buck) Smith and his wife, Joni. Buck Smith served as president of the university from 1977 to 1988. This building (2 floors, basement, 15,263 sq.ft.) houses the Psychology Department and is listed in the National Registry for Historical Buildings.

Smith Hall, Chapman University, Orange, California

Looking south to Smith Hall, Chapman College, Orange, California. This building was completed in 1913 as the Science Building for Orange Union High School and was acquired by Chapman in 1954. In 1988 it was named in honor of former president G.T. (Buck) Smith and his wife, Joni. Buck Smith served as president of the university from 1977 to 1988. This building (2 floors, basement, 15,263 sq.ft.) houses the Psychology Department and is listed in the National Registry for Historical Buildings.

Smith Hall, Chapman University, Orange, California

Looking south to front of Smith Hall, Chapman College, Orange, California. This building was completed in 1913 as the Science Building for Orange Union High School and was acquired by Chapman in 1954. In 1988 it was named in honor of former president G.T. (Buck) Smith and his wife, Joni. Buck Smith served as president of the university from 1977 to 1988. This building (2 floors, basement, 15,263 sq.ft.) houses the Psychology Department and is listed in the National Registry for Historical Buildings.

Smith Hall, Chapman University, Orange, California

Smith Hall, Chapman College, Orange, California, looking southwest. This building was completed in 1913 as the Science Building for Orange Union High School and was acquired by Chapman in 1954. In 1988 it was named in honor of former president G.T. (Buck) Smith and his wife, Joni. Buck Smith served as president of the university from 1977 to 1988. This building (2 floors, basement, 15,263 sq.ft.) houses the Psychology Department and is listed in the National Registry for Historical Buildings.

Smith Hall, Chapman University, Orange, California

View across lawn of Smith Hall, Chapman College, Orange, California. This building was completed in 1913 as the Science Building for Orange Union High School and was acquired by Chapman in 1954. In 1988 it was named in honor of former president G.T. (Buck) Smith and his wife, Joni. Buck Smith served as president of the university from 1977 to 1988. This building (2 floors, basement, 15,263 sq.ft.) houses the Psychology Department and is listed in the National Registry for Historical Buildings.

Chapman Stadium, Chapman University, Orange, California

Chapman Stadium shortly before demolition, Chapman University, Orange, California, 2005. This stadium was originally constructed in 1934 by Orange Union High School, Orange, California. Ownership transferred to Chapman College in 1954. It was re-named in 2000 after the son of the university's namesake, Irvin "Ernie" C. Chapman, who played football at Chapman in the early 1930's. The stadium was torn down in 2005 and fully rebuilt and is now part of the Erin J. Lastinger Athletics Complex at Chapman University.

Natural resource windfalls and efficiency of local government expenditures: evidence from Peru

We study the role of natural resource windfalls in explaining the efficiency of public expenditures. Using a rich dataset of expenditures and public good provision for 1,836 municipalities in Peru for period 2001-2010, we estimate a non-monotonic relationship between the efficiency of public good provision and the level of natural resource transfers. Local governments that were extremely favored by the boom of mineral prices were more efficient in using fiscal windfalls whereas those benefited with modest transfers were more inefficient. These results can be explained by the increase in political competition associated with the boom. However, the fact that increases in efficiency were related to reductions in public good provision casts doubts about the beneficial effects of political competition in promoting efficiency.

Does uncertainty cause inertia in decision making? An experimental study of the role of regret aversion and indecisiveness

Previous research has shown that often there is clear inertia in individual decision making---that is, a tendency for decision makers to choose a status quo option. I conduct a laboratory experiment to investigate two potential determinants of inertia in uncertain environments: (i) regret aversion and (ii) ambiguity-driven indecisiveness. I use a between-subjects design with varying conditions to identify the effects of these two mechanisms on choice behavior. In each condition, participants choose between two simple real gambles, one of which is the status quo option. I find that inertia is quite large and that both mechanisms are equally important.