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Non-Marginal Cost-Benefit Analysis and the Tyranny of Discounting

Vermeylen, Koen - 2013

This paper uses the Kaldor-Hicks compensation principle to compute the present value (PV) of a non-marginal future event. Three theoretical results stand out: First, decreasing returns to capital create a wedge between the PV of future generations' willingness to pay (WTP) and the PV of their...

Persistent link: https://www.econbiz.de/10014150712

Why Are Open Ascending Auctions Popular? The Role of Information Aggregation and Behavioral Biases

Offerman, Theo; Romagnoli, Giorgia; Ziegler, Andreas G. B. - 2020

activate revenue enhancing biases. In an experiment, we compare three auctions that differ in how much information is revealed …

Persistent link: https://www.econbiz.de/10014352203

Nonrenewable Resources, Strategic Behavior and the Hotelling Rule : An Experiment

van Veldhuizen, Roel; Sonnemans, Joep - 2014

This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...

Persistent link: https://www.econbiz.de/10014186740

Inducing risk preferences in multi-stage multi-agent laboratory experiments

Dobbs, Ian M.; Miller, Tony - In: Applied economics 46 (2014) 16/18, pp. 1924-1939

Persistent link: https://www.econbiz.de/10010412718

Dictator monopolies and essential goods : experimental evidence

Beckman, Steven R.; DeAngelo, Gregory; Smith, James W. - In: Applied economics 47 (2015) 58/60, pp. 6461-6478

Persistent link: https://www.econbiz.de/10011412025

Inflation bias after the euro : evidence from the UK and Italy

Marini, Giancarlo; Piergallini, Alessandro; … - In: Applied economics 39 (2007) 4/6, pp. 461-470

Persistent link: https://www.econbiz.de/10003461750

Does sample selection bias affect the effect of family background on the returns to schooling? : evidence from Korea

Kim, Hong-kyun - In: Applied economics 43 (2011) 7/9, pp. 963-972

Persistent link: https://www.econbiz.de/10009124348

A New Explanatory Model for Policy Analysis and Evaluation

Schouwstra, M. C. - 2006

This model of policy evaluation has been developed to identify factors that cause policy outcomes to diverge from the intended results. In this model the explanatory factors may be inherent to the conceptual and institutional framework to which policy makers adhere, or they may be quot;real...

Persistent link: https://www.econbiz.de/10012733238

Scale, Scope and Cognition : Context Analysis of Multiple Stated Choice Experiments on the Values of Life and Limb

Bockarjova, Maria; Rietveld(Deceased), Piet; Verhoef, … - 2012

choice experiments. The main interest of this paper is VOSL sensitivity to the valuation of correlated risks (scope effect …). Besides, we explore the role of cognition on the stability of valuation across choice experiments using age and education. We … pool data from multiple choice experiments and apply nested and mixed logit models in our analysis. We confirm …

Persistent link: https://www.econbiz.de/10014170201

Measuring the relative productivity of multitasking to sole-tasking in household production : experimental evidence

Kalenkoski, Charlene; Foster, Gigi - In: Applied economics 47 (2015) 16/18, pp. 1847-1862

Persistent link: https://www.econbiz.de/10010511948

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