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
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
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
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 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
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
We study a retail benchmarking approach to determine access prices forinterconnected networks. Instead of considering … i pays to network j as a linear functionof the marginal costs and the retail prices set by both networks. In thecase of …
Persistent link: https://www.econbiz.de/10009435112
We study how access pricing affects network competition when consumers'subscription demand is elastic and networks …
Persistent link: https://www.econbiz.de/10009435152
Understanding the relationship between technology and economics is fundamental to making judicious policy and design decisions. Many technologies that are successful in meeting their technical goals often fail to get adopted due to economic factors. This holds true even for networked systems,...
Persistent link: https://www.econbiz.de/10009438771
As networks improve and new services emerge, questions arise that affect service deployments and network choices. The … on separate networks increasingly more viable. So, which is the right option? The question is not unique to networks, and …
Persistent link: https://www.econbiz.de/10009438861