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Market Design for Trading Commoditized Renewable Energy

Heshmati, Almas; Abolhosseini, Shahrouz - Institute for the Study of Labor (IZA) - 2014

Information and communication technology plays an important role in achieving a higher level of energy efficiency. In particular, energy efficiency can be achieved by integrating information technology into electricity networks to enable the interaction between suppliers and customers (smart...

Persistent link: https://www.econbiz.de/10010886132

Randomizing Endowments: An Experimental Study of Rational Expectations and Reference-Dependent Preferences

Götte, Lorenz; Harms, Annette; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2014

An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of reference point formation. Kőszegi and Rabin (2006) provide such discipline by positing a reference point grounded in rational expectations. We examine the predictions of...

Persistent link: https://www.econbiz.de/10011078395

Cultural Transmission and Discrimination

Saez-Marti, Maria; Zenou, Yves - Institute for the Study of Labor (IZA) - 2005

Each worker belongs to either the majority or the minority group and, irrespective of the group she belongs to, can have good or bad work habits. These traits are transmitted from one generation to the next through a learning and imitation process which depends on parents' purposeful investment...

Persistent link: https://www.econbiz.de/10005566393

Individual Rationality and Learning: Welfare Expectations in East Germany Post-Reunification

Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael A. - Institute for the Study of Labor (IZA) - 2002

In this paper we test the Rational Expectations hypothesis using longitudinal data on expectations and realizations of individual welfare for East Germans in the years following reunification. German reunification was unexpected and delivered a large shock to the future prospects of the...

Persistent link: https://www.econbiz.de/10005233883

The Welfare Impact of Price Changes on Household Welfare and Inequality 1999-2010

Loughrey, Jason; O'Donoghue, Cathal - Institute for the Study of Labor (IZA) - 2011

This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …

Persistent link: https://www.econbiz.de/10009024603

Why Praise Inequality? Public Good Provision, Income Distribution and Social Welfare

Dasgupta, Indraneel - Institute for the Study of Labor (IZA) - 2009

We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....

Persistent link: https://www.econbiz.de/10005822299

The Economics of Altruistic Punishment and the Demise of Cooperation

Egas, Martijn; Riedl, Arno - Institute for the Study of Labor (IZA) - 2005

Explaining the evolution and maintenance of cooperation among unrelated individuals is one of the fundamental problems in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important mechanism to maintain cooperation among humans. In this...

Persistent link: https://www.econbiz.de/10005822636

Mind the Gap: Crowd-Funding and the Role of Seed Money

Deutsch, Joseph; Epstein, Gil S.; Nir, Alon - Institute for the Study of Labor (IZA) - 2015

We analyze voluntary private contributions to public goods and the role seed money plays in signaling the public good's quality to potential subsequent contributors. We present a theoretical model and analyze two sets of naturally occurring data from crowd-funding platforms. After developing the...

Persistent link: https://www.econbiz.de/10011214032

Heterogeneous Productivity in Voluntary Public Good Provision: An Experimental Analysis

Fellner, Gerlinde; Iida, Yoshio; Kröger, Sabine; Seki, … - Institute for the Study of Labor (IZA) - 2011

This article experimentally examines voluntary contributions when group members' marginal returns to the public good vary. The experiment implements two marginal return types, low and high, and uses the information that members have about the heterogeneity to identify the applied contribution...

Persistent link: https://www.econbiz.de/10008868135

The Effect of Religion on Cooperation and Altruistic Punishment: Experimental Evidence from Public Goods Experiments

Akay, Alpaslan; Karabulut, Gökhan; Martinsson, Peter - Institute for the Study of Labor (IZA) - 2011

This paper experimentally examines how religious festivals and the degree of religiosity affect cooperation and altruistic punishment by using public goods experiments. We conducted the experiments in Turkey at different points in time; one on the most religious day during Ramadan (the Night of...

Persistent link: https://www.econbiz.de/10009369116