This paper presents results of repeated economic lab experiments. They were designed to test a model of combinatorial auctions on the case of providing financial support (capital investment subsidies) to polluters. Combinatorial auctions are those auctions in which bidders can place bids on...

The article summarizes the main points discussed at the seminar on The Nobel Memorial Prize Laureates 2002, held by the Czech Economic Association (CEA) in March 2002. There were two main speakers at the seminar: The first was Michal Skoøepa (Czech National Bank and Charles University), who...

One of the key assumptions of neoclassical economics is the existence of the rational individual, who always tries to maximize his or her utility. The paper shows possibilities of experimental evaluation of this hypothesis with respect to the various groups of people who undertake the...