In a Diamond–Dybvig type model of financial intermediation, we allow depositors to announce at a positive cost to subsequent depositors that they keep their funds deposited in the bank. Theoretically, the mere availability of public announcements (and not its use) ensures that no bank run is the unique equilibrium outcome. Multiple equilibria—including bank run—exist without such public announcements. We test the theoretical results in the lab and find a widespread use of announcements, which we interpret as an attempt to coordinate on the no bank run outcome. Withdrawal rates in general are lower in information sets that contain announcements.

In this paper, we present experimental evidence on the effect adverse selection has on coverage choices and pricing in corporate insurance markets. Two sets of experimental data, each generated by experiments utilizing a specific parameterization of a corporate insurance decision, are presented to gauge these effects. In the first, subject behavior conforms to a unique equilibrium in which high risk firms choose higher coverage and contracts are priced accordingly. Insurers act competitively and convergence to equilibrium behavior is marked. In the second set, there is little evidence that subject behavior is consistent with either of the two equilibrium outcomes supported by the experimental setting—pooling by fully insuring losses and pooling by self insuring.

When surveyed, clear majorities express concern about inequality and view the government as responsible for addressing it. Scholars often interpret this view as popular support for redistribution. We question this interpretation, contending that many people have little grasp of what reducing inequality actually entails, and that this disconnect masks important variation in preferences over concrete policies. Using original survey and experimental US data, we provide systematic evidence in line with these conjectures. Furthermore, when asked about more concrete redistributive measures, support for government action changes significantly and aligns more closely with people's self-interest. These findings have implications for how egalitarian policies can be effectively communicated to the public, as well as methodological implications for the study of preferences on redistribution.

Vowel nasalisation in American English has been the subject of a long discussion as to whether it is a phonological process or whether it should better be analysed as phonetic coarticulation. As a predictable allophonic process, vowel nasalisation also provides a testing ground for theories of lexical representation, since if it turns out that language users store this predictable information in long-term memory, there is no reason to assume any kind of phonological underspecification. In this article, experimental studies on this phenomenon are reviewed with these two questions in mind: is the phenomenon a phonological process at all and is this predictable information, i.e. vowel nasalisation, stored in the mental lexicon. The majority of studies provide evidence supporting the phonological view and underspecified lexical representations.