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The extent of the benefits of improved river health remain uncertain. Quantifying these benefits is useful in prioritising policy investments. This study uses the Choice Modelling technique to estimate the value that households attach to attributes of improved river health. Data from a choice...
Persistent link: https://www.econbiz.de/10009445531
This dissertation examines reputation, the belief of the decision maker abouttypes of advisors, in incomplete information games with multiple advisors. The decisionmaker believes that an advisor can be one of two types – an advisor who isbiased towards suggesting any particular advice...
Persistent link: https://www.econbiz.de/10009465168
Rarely, if ever. do parties contemplating a joint project commit resources without engaging in nonbindin- discussions about who does what. To examine the role of such discussions, we model the investment decision as a voluntary contribution game where each player is privately informed of her...
Persistent link: https://www.econbiz.de/10009479535
We study a communication game of common interest in which the sender observes one of infinite types and sends one of finite messages which is interpreted by the receiver. In equilibrium there is no full separation but types are clustered into convex categories. We give a full characterization of...
Persistent link: https://www.econbiz.de/10009452554