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Super, David A. - 2004

Debates over “entitlements” have lacked conceptual clarity because the term has at least six analytically distinct … meanings. The psychological “entitlements” that many attack are distinct from the legalistic “entitlements” that others … champion. Most importantly, however, entitlements are economic concepts. A benefit provided to all claimants meeting state …

Persistent link: https://www.econbiz.de/10009432046

Multi-agent utility theory for ethical conflict resolution, Journal of Telecommunications and Information Technology, 2002, nr 3

Tamura, Hiroyuki

In this paper we try to construct a two-attribute group disutility function for two conflicting decision makers, taking into account the property of utility independence and/or convex dependence between them. Two variables in the group utility function are disutility levels of two conflicting...

Persistent link: https://www.econbiz.de/10009482367

Three Essays in Auctions, Contests, and Leaderboards.

Lin, John C. - 2011

the highest level of total group effort. A theory of contests developed by Moldovanu et al. (2007) predicts that the …

Persistent link: https://www.econbiz.de/10009476663

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

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

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

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

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