Showing 1 - 10 of 2,796
The paper proposes an approach for evaluating the effect of flow fixed costs on the evaluation of environmental benefits with travel cost method. On a full annual perspective when recreational users incur relevant annual direct fixed expenses, their behaviour could be influenced by them. The...
Persistent link: https://www.econbiz.de/10011597615
We consider a situation where an exhaustible-resource seller faces demand from a buyer who has a perfect substitute but there is a time-to-build delay for the substitute. We that find in this simple framework the basic implications of the Hotelling model (1931) are reversed: over time the stock...
Persistent link: https://www.econbiz.de/10008780581
This paper studies regulatory policy interventions aimed at protecting sticky consumers who are exposed to exploitation. We model heterogeneous consumer switching costs alongside asymmetric market shares. This setting encompasses many markets in which established firms are challenged by new...
Persistent link: https://www.econbiz.de/10012583369
This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only, (ii) a segment-wide cartel in the standard submarket...
Persistent link: https://www.econbiz.de/10012306748
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect …
Persistent link: https://www.econbiz.de/10013466168
Climate change is one of the most important challenges for the present generation, which is living in decades characterized by a drastic increase in greenhouse gas emissions, especially in the most developed countries: not only the production realities - for which policies already largely...
Persistent link: https://www.econbiz.de/10014250752
Persistent link: https://www.econbiz.de/10011631219
Multi-attribute stated preference data, derived through choice experiments, is used to investigate the consequence of a finite number of preference groups in a sample of Yorkshire Water residential customers on the conditional distributions of willingness to pay in the sample. The research...
Persistent link: https://www.econbiz.de/10011606923
Through a series of decision tasks involving colored cards, we provide separate measures of Bayesian updating and non-probabilistic reasoning skills. We apply these measures to (and are the first to study) a common-value Dutch auction. This format is more salient than the strategically...
Persistent link: https://www.econbiz.de/10011405312
conditioning usage to test the theory of moral wiggle room, according to which people avoid information that would compel them to … act morally, against the standard theory of information acquisition, and identify conditions under which each theory … outside, consistent with the moral wiggle room theory, but decreases it when outside temperature is low. Avoiding information …
Persistent link: https://www.econbiz.de/10011794668