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used in laboratory experiments. We use a field experiment to test whether the game can predict real world investments by …The incentivized risky investment game has become a popular tool in lab-in-the-field experiments for its simplicity and … detect attenuation bias due to measurement error. Subjects'cognitive memory of the game played one year earlier is strongly …
Persistent link: https://www.econbiz.de/10012814590
We report laboratory experiments investigating the cyclicality of profit-enhancing investment in a competitive …
Persistent link: https://www.econbiz.de/10012852845
price competition. Both stages of the game are implemented in a laboratory experiment and the obtained results support the … ; subsidies ; experiment …
Persistent link: https://www.econbiz.de/10003900895
This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010223357
We study the welfare-theoretic consequences of diverging social and private time-preference rates and time-to-build for the transition to a low-carbon energy industry. We show that time-to-build, a prevalent characteristic of capital accumulation in the energy sector, amplifies the distortion...
Persistent link: https://www.econbiz.de/10013069015
The U.S. economy is growing more slowly than it can and should be growing because it does not invest enough in infrastructure, science, and education. There is an important procedural obstacle to funding public investments — a process of scoring the economic effect of legislation. This process...
Persistent link: https://www.econbiz.de/10013249451
One outcome of the existence of social capital in a community is that individuals will take into consideration the welfare of other members of the community. If an investment project is undertaken that causes the poorer members of society to increase their consumption of goods and services to...
Persistent link: https://www.econbiz.de/10014118446
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