We present results from laboratory emissions markets designed to investigate the effects of price controls and permit banking on limiting permit price risk. While both instruments reduce between-period price volatility and within-period price dispersion, combining price controls and permit...

We leverage behavioral economics to explore new approaches to tackling child food choice and consumption. Using a field experiment with 1500 children, we report several key insights. We find that incentives have large influences: in the control, 17% of children prefer the healthy snack, whereas...

Lying and deceiving is present not only in adults but also among children and teenagers and represents an economically and psychological relevant behavioral trait. It is therefore surprising that evidence from economic experiments on deceptive behavior in children and teenagers is scarce. In...

Both in the US and in Europe, antitrust authorities prohibit merger not only if the merged entity, in and of itself, is no longer sufficiently controlled by competition. The authorities also intervene if, post merger, the market structure has changed such that "tacit collusion" or "coordinated...

Conjoint analysis is a popular tool for analysing consumer preferences in market research which has undergone rapid development throughout history. It is now generally agreed that choice-based conjoint (CBC) has a stronger theoretical background than traditional conjoint methods and that it...

The aim of the paper was to analyze some behavioral effects, especially the effect of “hidden” tax, the “preference of progressivity” effect and some kind of “preference of short period incidence” effects of citizen. The effects predict the citizens will prefer hidden taxes to direct...

In this paper I explain individual propensity to herding behaviour and its relationship to time-pressure by conducting a laboratory experiment. I let subjects perform a simple cognitive task with the possibility to herd under different levels of time pressure. In the main treatments, subjects...

Recent analysis on the cost-effectiveness of inducing perfect compliance in cap and trade programs is based on the possibility that a regulator has of inducing each individual firm to emit the same level of pollution by altering the supply of permits and the monitoring probability according to...

We study individual compliance behavior with respect to a legal norm in an experimental setting under two different regulatory instruments: emission standards and tradable pollution permits. Compliance to the same set of standards and expected permit holdings was induced with different...

Pensioners have increasingly more control over their income streams as a result of<br/>pension reforms, which gives them more freedom to save for their old age. We devise an experiment where subjects face a life-cycle optimization task with lifetime uncertainty and a given lifetime income. The aims...