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experiments
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Voronoi languages. Equilibria in cheap-talk games with high-dimensional types and few signals
Jäger, Gerhard
;
Koch-Metzger, Lars
;
Riedel, Frank
-
2008
We study a communication game of common interest in which the sender observes one of infinite types and sends one of finite messages which is interpreted by the receiver. In equilibrium there is no full separation but types are clustered into convex categories. We give a full characterization of...
Persistent link: https://www.econbiz.de/10009452554
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2
Punish in Public
Xiao, Erte
;
Houser, Daniel
-
2006
environments, ranging from American students facing punishment in laboratory
experiments
, to Israeli parents facing fines for …
Persistent link: https://www.econbiz.de/10009441131
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3
A Meta-Analysis of Hypothetical Bias in Stated Preference Valuation
Murphy, James J.
;
Allen, Geoffrey
;
Stevens, Thomas H.
; …
-
2003
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
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4
Hybrid Auctions II: Experimental Evidence
Dutra, Joisa C
;
Menezes, Flavio
-
2001
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
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5
Buyer Liability and Voluntary Inspections in International Greenhouse Gas Emissions Trading: A Laboratory Study
Cason, Timothy N.
-
2000
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
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6
Market Power in Tradable Emission Markets: A Laboratory Testbed for Emission Trading in Port Phillip Bay, Victoria
Cason, Timothy N.
;
Gangadharan, Lata
;
Duke, Charlotte
-
2003
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
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