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Newly developed and advanced methods for nonlinear time series analysis are in general not available in standard software packages. Moreover, their implementation requires substantial time, computing power as well as programming skills. The recent results on lag and bandwidth selection methods...
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This empirical study examines welfare gains and losses that would result from alternative fishery management regimes … large economic rent. Under an optimal management regime, the rent can be as high as three quarters of harvesting cost. As …. As a guide of the formulation of fishery policies, it evaluates and compares four alternative fishery management regimes …
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possibility is to adopt restrictions from economic theory. The purpose of this paper is to investigate the implications of the …
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On the basis of a real high stakes insurance experiment with small probabilities of losses, we demonstrate that concern is a more important driver of WTP for insurance than subjective probability estimates when there is ambiguity surrounding the estimate. Concern is still important when...
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In this paper we present an experiment on the false consensus effect. Unlike previous experiments, we provide monetary incentives for revealing the actual estimation of others' behavior. In each session and round sixteen subjects make a choice between two options simultaneously. Then they...
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