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Sanitary and Phytosanitary (SPS) provisions and Technical Barriers to Trade (TBT) generally raise trade costs, but by … seeks to identify which specific elements of SPS and TBT measures are particularly trade enhancing. It investigates the … trade cost and trade enhancing effects of SPS and TBT measures along with other types of NTMs in agricultural trade. It …
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play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those …
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Most real world situations that are susceptible to herding are also characterized by direct payoff externalities. Yet, the bulk of the theoretical and experimental literature on herding has focused on pure informational externalities. In this paper we experi- mentally investigate the effects of...
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laboratory experiment we test the different theories by systematically varying information conditions. We find significant …
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