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In this paper we present a new improved design for multiobject auctions and report on the results of experimental tests …
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Policy makers aiming to get private landholders to provide non-marketed environmental services need to provide efficient economic incentives. Two ideas have been explored to achieve this: linking contract payments to environmental outcomes and putting the contracts up for tender. This paper...
Persistent link: https://www.econbiz.de/10009446039
This paper explores two ideas to enhance the performance of agri-environmental contracting schemes: linking contract payments to environmental outcomes and putting the contracts up for tender. This paper investigates whether there are any gains to be had by combining the benefits of both...
Persistent link: https://www.econbiz.de/10009446183
second novel treatment with external risk. This treatment captures the risk, prevalent in online auctions, that winners will … not receive a good of value. We find that dynamic auctions-including the English-are particularly susceptible to …
Persistent link: https://www.econbiz.de/10011709876
second novel treatment with external risk. This treatment captures the risk, prevalent in online auctions, that winners will … not receive a good of value. We find that dynamic auctions-including the English-are particularly susceptible to …
Persistent link: https://www.econbiz.de/10011453209
There is scope for applying experimental economics in transport and logistics analysis. Experimental economics is a set of techniques for gathering (and analysing) data by inducing people (through specific rewards) to act as economic agents and observing the choices they then make in...
Persistent link: https://www.econbiz.de/10010902432
In order to maximize efficiency, should conversation contracts include incentive payments and also be put up for tender? This work uses laboratory experiments to investigate this question. We find that there exists an optimal share of performance payment which yields maximum total stewardship...
Persistent link: https://www.econbiz.de/10010914440