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We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is … the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice … by rational choice. Our results suggest that nonforced-choice experiments and models can be helpful in separating people …
Persistent link: https://www.econbiz.de/10014536896
This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of...
Persistent link: https://www.econbiz.de/10011709853
This paper experimentally investigates how concerns for social approval relate to intrinsic motivations to purchase ethically. Participants state their willingness-to-pay for both a fair trade and a conventional chocolate bar in private or publicly. A standard model of social image predicts that...
Persistent link: https://www.econbiz.de/10012302893
likely participated in previous experiments. It is an important methodological question to know whether participants that …
Persistent link: https://www.econbiz.de/10013200080
This article studies whether people want to control what information on their own past pro-social behavior is revealed to others. Participants are assigned a color that depends on their past pro-social behavior. They can spend money to manipulate the probability with which their color is...
Persistent link: https://www.econbiz.de/10014504081
biased while preserving their self-image as ethical and identify limits to advisors' ability to self-deceive. In experiments … affects advisors' beliefs and preferences over the investments. Biased advice persists with minimal justifications but is …
Persistent link: https://www.econbiz.de/10012505192
We study optimal price discrimination when a monopolist faces a continuum of consumers with reference-dependent preferences. A consumer's valuation for product quality consists of an intrinsic valuation affected by a private state signal (type), and a gain-loss valuation that depends on...
Persistent link: https://www.econbiz.de/10011599574
We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values according to a criterion pass a menu-dependent threshold, and then maximizes a second criterion to narrow the selection further. This framework overlaps with several existing models...
Persistent link: https://www.econbiz.de/10011599502
Today, there are a lot of studies on climate change and sustainability from social sciences' perspectives. Achievements of sociology, psychology or political sciences can be extremely helpful in designing, adopting, implementing and evaluating of effective climate and sustainability policy....
Persistent link: https://www.econbiz.de/10011849441
The National Authority for Consumers Protection, Romania (NACP Romania) is the institution which records various trends from one development region to another as well as from one county to another. The indicators of NACP Romania activities are firmly correlated with other important macroeconomic...
Persistent link: https://www.econbiz.de/10011724720