Showing 1 - 10 of 3,692
This paper demonstrates the potential for induced preference experiments to test previously unverified explanations of … potential biases in the double referendum format. We test Carson, Groves, and Machina's (Incentives and informational properties …
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We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … the number of players is sufficiently large, the result of Bramoulle and Treich, showing that a marginal increase of risk … in the neighborhood of a risk-free world is welfare-improving, holds even when we consider non-marginal increases in risk …
Persistent link: https://www.econbiz.de/10013081942
This study investigates the impact of climate change adaptation on farm households’ downside risk exposure in the Nile … characteristics of farmers and their farm. We find that past adaptation to climate change (i) reduces current downside risk exposure …, and so the risk of crop failure; (ii) would have been more beneficial to the non-adapters if they adapted, in terms of …
Persistent link: https://www.econbiz.de/10014147374
We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...
Persistent link: https://www.econbiz.de/10012438358
"Prices versus quantities" (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper's criterion for ranking policies suggests that technological uncertainty favors taxes over cap and trade....
Persistent link: https://www.econbiz.de/10011927948
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different risks, but it is hard to measure risk perceptions in a neutral, unbiased way. In a pre-registered experiment with a … task. In exploratory analyses, we further sought to test the relationship between perceived risk as elicited by rating … nationally representative sample (N = 800), we tested the effects of survey instructions on perceived risk from common …
Persistent link: https://www.econbiz.de/10014500404