Showing 1 - 10 of 11,312
Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more … costly, higher incentives also change reservation prices to further increase participation. A higher incentive makes people …. Hence, incentives change not only what people choose, but also what they believe their choices entail. This result informs …
Persistent link: https://www.econbiz.de/10011588031
transfer and dissemination of technology. Article 66.2 specifically obligates developed country Members to provide incentives … agriculture and food; environment and climate change; information and communication technology (ICT); public health and … survey of LDC Members which identified as priority areas for technology transfer as agriculture and food; environment and …
Persistent link: https://www.econbiz.de/10014442687
In this paper, we discuss the pros and cons of using Data Envelopment Analysis (DEA) to evaluate and enhance the efficiency of natural resource management. The need for a multi-dimensional production frontier approach is sketched, along with examples from other regulated multi-output industries....
Persistent link: https://www.econbiz.de/10005749433
know a lot about the effect of incentives on pro-social behavior, we understand very little about how to promote pro …-social behavior efficiently. For example, we accept that monetary incentives sometimes are less effective than would be predicted for …, we compare the role of heterogeneity of preferences in social efficiency across incentives and confirm the existence of …
Persistent link: https://www.econbiz.de/10013018977
away the second. Self-interested incentives induce meaningful climate policy over a period of several generations, if the … consumption, not from endogenous asset prices. For small climate policy, the old and young generations’ incentives are aligned if …
Persistent link: https://www.econbiz.de/10013324410
Hypothetical referenda have been proposed as an incentive- compatible mechanism that can be used to obtain social valuations of environmental resources. We employ experimental methods to test the hypothesis that such referenda are indeed incentive compatible. Our results lead us to reject that...
Persistent link: https://www.econbiz.de/10014221675
When firms are better informed than their consumers---for example, in many service industries firms know more than their customers about the benefits of different alternatives---competitive pressure may inhibit efficiency because it forces firms to cater excessively to consumers' opinions. We...
Persistent link: https://www.econbiz.de/10005133369
One of the most basic principles in economics is that competitive pressure promotes efficiency. However, this pressure can also have a dark side because it makes firms reluctant to act on private information that is unpopular with consumers. As a result, firms that possess superior information...
Persistent link: https://www.econbiz.de/10004987339
This article by Jeffrey I. Bernstein of Carleton University and the NBER discusses the use of total factor productivity for price setting in regulated industries. He argues that the longterm, industry-wide productivity experience that is not subject to strategic manipulation by regulated firms...
Persistent link: https://www.econbiz.de/10005650249
Persistent link: https://www.econbiz.de/10009722700