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Persistent link: https://www.econbiz.de/10003598838
technologies and skill distributions. We construct a link between our contest model and expected utility theory and exploit this … link to revisit important comparative statics results of contest theory and show how these can be overturned. Finally, we …
Persistent link: https://www.econbiz.de/10012138813
technologies and skill distributions. We construct a link between our contest model and expected utility theory and exploit this … link to revisit important comparative statics results of contest theory and show how these can be overturned. Finally, we …
Persistent link: https://www.econbiz.de/10012434408
Persistent link: https://www.econbiz.de/10003623930
Socio-economic criteria for climate projects have been used in analysing the value of the climate benefit of a reduction in CO2. These reports are optimistic, yet CCS demonstration plants are not implemented as expected. Little attention has been devoted to profitability assessments based on...
Persistent link: https://www.econbiz.de/10010223461
, agents can either decide rationally according to expected utility theory or intuitively according to case-based decision … theory. Rational decisions are more precise but create higher costs, though these costs may decrease over time. We find that …
Persistent link: https://www.econbiz.de/10010464891
There is a planning gap for CCS projects in Europe. CCS demonstration plants are not implemented as expected. This fact is at odds with optimistic valuation reports that apply socio-economic valuation criteria for climate projects. However, CCS plants are in most cases to be implemented by...
Persistent link: https://www.econbiz.de/10010393639
-with-evaluation-errors theory that incorporates both dimensions and delivers sharp empirical predictions about their effect on choice behavior. We …
Persistent link: https://www.econbiz.de/10012602341
This paper presents a choice model based on a model for the behavior of brain cells that is based on neurological findings. The paper shows that it is possible to define choice as the result of a series of interconnected cellular processes, instead of framing the problem from the point of view...
Persistent link: https://www.econbiz.de/10010192076
Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal - at least partly - from an assumed positive...
Persistent link: https://www.econbiz.de/10009743733