I study the effect of sunk entry-costs on potential competition in a multi-market framework, where potential entrants have different home market profits. Although sunk-entry-costs are supposed to increase entry barriers, my experimental results suggest that firms view entry costs differently...

Unequally-distributed resources, whether people’s income or competence, are ubiquitous in our real world. Whether to promote competition or to lead to a more equal environment is often in question in societies or organizations. With heterogeneous endowments, we let subjects collectively choose...

When the surface temperature of the outdoor coil in an air source heat pump (ASHP) unit is lower than both freezing point of water and the air dew point, frost can be formed and accumulated over outdoor coil surface. Frosting affects the energy efficiency, and periodic defrosting therefore is...

Experiments were carried out to investigate the performance of a low-temperature radiant floor heating system with different heat storage materials (sand and phase change material) and heating pipes (polyethylene coils and capillary mat) in the floor structure of a test room. Detailed...