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Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. We agree with Bernheim (2009) and Bernheim and Rangel...
Persistent link: https://www.econbiz.de/10010610462
, however, to derive information about preferences. We illustrate our approach with panel data from the Russian Longitudinal …
Persistent link: https://www.econbiz.de/10008494371
, however, is the speed at which the economy approaches the clean state - the energy transition, which determines the level of …
Persistent link: https://www.econbiz.de/10011094056
reinvestments in new assets with higher on-grid and off-grid functionality in order to promote energy efficiency and low …-carbon conversion of the energy sector. To meet societal policy objectives in terms of carbon dioxide emissions, both the composition of … the generators in favor of distributed energy resources (DER) and the load, promoting integration with downstream energy …
Persistent link: https://www.econbiz.de/10010927726
Persistent link: https://www.econbiz.de/10005478969
In this paper, wee propose a model for regulatory capture that is based on information transmission and asymmetric … information. In a three- tier model, a regulator is charged by a political principal to provide a signal for the type of a … information cost and the firm enjoys higher information rents. The main feature of soft capture is that it is not based on a …
Persistent link: https://www.econbiz.de/10008836131
and information asymmetry is modelled. A repeated investment-production game with coordinator commitment in supplier …'s investment addresses the information sharing and asset- specific investment problem. We provide a mitigation of the hold …-up problem on the investment cost observed by the supplier and an instrument for truthful revelation of private information by …
Persistent link: https://www.econbiz.de/10008836141
use of industry-commissioned consultants, experts and lobbyists that produce information for regulatory and policy use. A … firm and regulator, linked to the role of the regulator as information-processing intermediate for the political principal …. The firm puts processed but biased information at the free disposal of the regulator, 'no strings attached', who can then …
Persistent link: https://www.econbiz.de/10010927734
criminal suits, is analyzed in the framework of a two-sided incomlete information game. …
Persistent link: https://www.econbiz.de/10005779401
Persistent link: https://www.econbiz.de/10005779404