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Oligopoly as a socially embedded dilemma : an experiment
Engel, Christoph; Zhurakhovska, Lilia - 2011
dampens cooperation, though only slightly. Surprisingly, externalities are immaterial. If we control for beliefs, they even … foster cooperation. If we combine both qualifications and do not control for beliefs, we only find an uncertainty effect. If … we add beliefs as a control variable, we only find that externalities enhance cooperation, even if gains from collusion …
Persistent link: https://www.econbiz.de/10008822475
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We are not alone : the impact of externalities on public good provision
Engel, Christoph; Rockenbach, Bettina - 2009
Providing public goods is hard, because providers are best off free-riding. Is it even harder if one group's public good is a public bad for another group or, conversely, gives the latter a windfall profit? We experimentally study public goods provision embedded in a social context and find that...
Persistent link: https://www.econbiz.de/10003877140
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Harm on an innocent outsider as a lubricant of cooperation : an experiment
Engel, Christoph; Zhurakhovska, Lilia - 2012
participants more pessimistic. However conditional on their beliefs participants are more, not less cooperative if cooperation … Game ; Beliefs …
Persistent link: https://www.econbiz.de/10009490177
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How to protect entitlements : an experiment
Bar-Gill, Oren; Engel, Christoph - 2017
In a full-information, zero transactions costs world, the degree of protection afforded to an entitlement does not affect the likelihood of efficient trade. In reality, imperfect information is often inevitable. Specifically, a party will usually have incomplete information about fairness norms...
Persistent link: https://www.econbiz.de/10011633871
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How to protect entitlements : an experiment
Bar-Gill, Oren; Engel, Christoph - 2017
In a full-information, zero transactions costs world, the degree of protection afforded to an entitlement does not affect the likelihood of efficient trade. In reality, imperfect information is often inevitable. Specifically, a party will usually have incomplete information about fairness norms...
Persistent link: https://www.econbiz.de/10011673948
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Optimal sin taxation and market power
O'Connell, Martin; Smith, Kate - 2021
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743
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Price floors and externality correction
Griffith, Rachel; O'Connell, Martin; Smith, Kate - 2021
We evaluate the impact of a price floor for alcohol introduced in Scotland in 2018, using a difference-in-differences strategy with England as a control group. We show that the policy led to the largest reductions in alcohol units purchased among the heaviest drinkers – the group who, at the...
Persistent link: https://www.econbiz.de/10012665509
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Tax design in the alcohol market
Griffith, Rachel; O'Connell, Martin; Smith, Kate - 2017
We study optimal corrective taxation in the alcohol market. Consumption generates negative externalities that are non-linear in the total amount of alcohol consumed. If tastes for products are heterogeneous and correlated with marginal externalities, then varying tax rates on different products...
Persistent link: https://www.econbiz.de/10011817184
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Price floors and externality correction
Griffith, Rachel; O'Connell, Martin; Smith, Kate - 2020
We study the introduction of a price floor for alcohol that is aimed at correcting for negative consumption externalities. Policy effectiveness depends on whether the measure achieves large reductions in the most socially costly consumption. We exploit a natural experiment to show the policy...
Persistent link: https://www.econbiz.de/10012427106