Showing 1 - 10 of 38
-of-breed social science models, and agent validation efforts is essential if analytic experiments are to effectively explore conflicts …
Persistent link: https://www.econbiz.de/10009439253
This paper reports a preliminary laboratory experiment in which traders make investments to increase the reliability of tradable instruments that represent greenhouse gas emissions allowances. In one half of the sessions these investments are unobservable, while in the other half traders can...
Persistent link: https://www.econbiz.de/10009430680
Individuals are widely believed to overstate their economic valuation of a good by a factor of two or three. This paper reports the results of a meta-analysis of hypothetical bias in 28 stated preference valuation studies that report monetary willingness-to-pay and that used the same mechanism...
Persistent link: https://www.econbiz.de/10009467788
environments, ranging from American students facing punishment in laboratory experiments, to Israeli parents facing fines for … arriving late to their child’s day care. We show here that enhancing the norm salience role of punishment can eliminate its … evidence that publicly implemented punishment enhances the salience of the violated social norm to both the punished and those …
Persistent link: https://www.econbiz.de/10009441131
In theory, competitive emission permit markets minimise total abatement cost for any emissionceiling. Permit markets are often imperfectly competitive, however, if they are thin anddominated by large firms. The dominant firm(s) could exercise market power and increase otherfirms’ costs of...
Persistent link: https://www.econbiz.de/10009445935
In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid second-price auction. This auction mechanism shares some important features with that used in...
Persistent link: https://www.econbiz.de/10009451730
This paper empirically examines the interrelationships between service characteristics and the structure of networks …
Persistent link: https://www.econbiz.de/10009431697
Concepts, frameworks, tools, techniques, and processes that assist management in its interaction with and direction of computer-based information systems today. Discusses the impact of the Internet, changes in the IT industry, and changes in other industries as a result of IT. Also notes the...
Persistent link: https://www.econbiz.de/10009432179
The development and evolution of labor market structures and institutions. Particular focus on competing explanations of recent developments in the distribution of wage and salary income and in key institutions and organizational structures. Special attention to theories of worker motivation and...
Persistent link: https://www.econbiz.de/10009432539
This is a seminar based on research literature. Papers covered are selected to illustrate important problems and approaches in the field of computational and systems biology, and provide students a framework from which to evaluate new developments. The MIT Initiative in Computational and Systems...
Persistent link: https://www.econbiz.de/10009432650