Hypothetical referenda have been proposed as an incentive- compatible mechanism that can be used to obtain social valuations of environmental resources. We employ experimental methods to test the hypothesis that such referenda are indeed incentive compatible. Our results lead us to reject that...

"In this paper we employ experimental economic methods to examine the effect of market structure on the use of marketable emissions permits. In particular, we ask whether firms can strategically manipulate a product market using marketable emissions permits. Subjects participate in two markets,...

In this paper we investigate the market viability of new assurance services being marketed by accountants. Unlike traditional assurance services, such as financial statement audits, these services may be marketed directly to individual consumers, may vary in quality and may take some...