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in a Monte Carlo experiment. The proposed method is applied to the estimation of a cigarette demand function …
Persistent link: https://www.econbiz.de/10003459712
Using a laboratory experiment, we investigate whether a variety of behaviors in repeated games are related to an array …
Persistent link: https://www.econbiz.de/10010472858
The Allais critique of expected utility theory (EUT) has led to the development of theories of choice under risk that … labora-tory experiments designed to test independence, our experiment systematically tests the entire set of axioms …
Persistent link: https://www.econbiz.de/10012583551
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10008811006
During recent decades, many new models have emerged in pure and applied economic theory according between Epstein (2010 … to an ambiguity averse preference for a randomized act. Building on this insight, we implement an experiment whose design …
Persistent link: https://www.econbiz.de/10011756091
We focus on two utility programs intended to reduce energy usage and the associated CO2 emissions-a home energy audit and rebates on the purchase of high-efficiency air-source heat pumps. We use a unique panel dataset from participating and non-participating households to estimate the average...
Persistent link: https://www.econbiz.de/10010486977
We study consumer spending dynamics during the first infection wave of the COVID-19 pandemic using household scanner data covering fast-moving consumer goods in the United Kingdom. We document a large spike in spending for storable products, such as food staples and household supplies, in the...
Persistent link: https://www.econbiz.de/10012304927
The paper focuses on the ongoing debate on non-market valuation, including the valuation environmental goods, and the opportunity to use contingent valuation for policy guidance. In fact, contingent valuation critics argue that reported willingness to pay answers do not reflect real economic...
Persistent link: https://www.econbiz.de/10011606763
For football executives, understanding the determinants of spectator no-show behavior better is of utmost importance. Recent research efforts, however, have primarily focused on exploring the potential effects of determinants that the club management can hardly influence (e.g., potential...
Persistent link: https://www.econbiz.de/10012430800
We investigate whether climate activism favors pro-environmental consumption by examining the impact of Fridays for Future (FFF) protests in Italy on second-hand automobile transactions in the strike-affected areas. Leveraging data on 10 million automobile transactions occurring before and after...
Persistent link: https://www.econbiz.de/10014438552