Showing 1 - 10 of 239
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
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
We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order … reveals an intuitive formula for the remaining second order bias which is useful in empirical analyses. We analyze the … it reduces a considerable share of the bias due to grouping …
Persistent link: https://www.econbiz.de/10012722922
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition … experiments. …
Persistent link: https://www.econbiz.de/10010325937
favor and against this assumption and test in our own experiment, whether and which personality factors are useful in … understand what to expect from the inclusion of personality variables in their models and experiments, and where further research …
Persistent link: https://www.econbiz.de/10010326411
This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments …
Persistent link: https://www.econbiz.de/10014220473
We analyze the impact of product bundling in experimental markets. One firm has monopoly power in a first market but competes with another firm in a second market. We compare treatments where the multiproduct firm (i) always bundles, (ii) never bundles, and (iii) chooses whether or not to...
Persistent link: https://www.econbiz.de/10012905779
affects the performance of firms that increase the power of the incentive schemes. In a laboratory experiment, we let subjects …
Persistent link: https://www.econbiz.de/10013139790
We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two....
Persistent link: https://www.econbiz.de/10014183255
results of a natural field experiment where, in a randomly assigned part of a residential area, the frequency of cleaning was … locations before, during, and after the experiment, we find strong evidence that litter begets litter. However, we also find …
Persistent link: https://www.econbiz.de/10014168066