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One lingering puzzle is why voluntary contributions to public goods decline over time in experimental and real-world settings. We show that the decline of cooperation is driven by individual preferences for imperfect conditional cooperation. Many people's desire to contribute less than others,...
Persistent link: https://www.econbiz.de/10009471595
This thesis identifies the conditions under which and quantifies how much society gains from integrating demand response directly into wholesale electricity markets and the level of participation that will bring about these improvements. Furthermore, it identifies the conditions under which the...
Persistent link: https://www.econbiz.de/10009466189
[This item is a preserved copy. To view the original, visit http://econtheory.org/] We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously...
Persistent link: https://www.econbiz.de/10009455289
Introduces applications of microeconomic theory to planning problems including urban form and structure, environmental controls, zoning and property rights, and income inequality and poverty. From the course home page: Course Description Planning Economics (11.202) is a course that runs for the...
Persistent link: https://www.econbiz.de/10009433233
Planning Economics (11.202) is a course that runs for the last one-third of a semester and covers economics topics of particular interest to city planning students: location theory, the interplay between externalities and zoning, international trade and globalization, and housing finance. Few...
Persistent link: https://www.econbiz.de/10009433298
the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information … ambiguity by describing outcomes and probabilities using either point estimates or ranges of values. Results replicated those of … Study 1, with no effects of ambiguity on information distortion. …
Persistent link: https://www.econbiz.de/10009440971
the distortion of outcome and probability information in risky decisions or the effects of ambiguity on information …, we manipulated ambiguity by describing outcomes and probabilities using either point estimates or ranges of values …. Results replicated those of Study 1, with no effects of ambiguity on information distortion. …
Persistent link: https://www.econbiz.de/10009441297
of success, expected payoffs, the level of ambiguity regarding success, and preferences to compete. I explore the effects … unique experiment design to measure ambiguity aversion, which can be modified to also control for risk aversion. A measure of … ambiguity aversion has value as individuals in labor markets have ambiguous signals about their probabilities of success in …
Persistent link: https://www.econbiz.de/10009447391
with a probability distribution. Consequently, they do not allow for Knightian uncertainty, or ambiguity, with respect to … accident risk and cannot accommodate optimism (ambiguity loving) or pessimism (ambiguity aversion). This paper presents a … unilateral accident model under ambiguity. To incorporate ambiguity, I adopt the Choquet expected utility framework and represent …
Persistent link: https://www.econbiz.de/10009466424
This thesis deals with decision making under ambiguity. Ambiguity refers to situations in which probabilities for … studied phenomenon, then, first of all, there is an ample empirical evidence confirming ambiguity-sensitive behavior, and … nature of ambiguity-sensitive behavior in the context of static, dynamic and interpersonal decision problems. For this …
Persistent link: https://www.econbiz.de/10009476201