Uncertainties and risks in the decision making process are abundant in the area of environmental economics, irrespective of whether the problems being discussed are local or global. This paper uses laboratory evidence from public goods games to examine how in payoff equivalent situations,...

We propose a deterrence mechanism that utilizes insider information contained in criminal networks. Under this mechanism, a suspect, identified by the regulator, can nominate a connected person from the network for the crime, and only the more severe offender is penalized. We show theoretically...

This paper highlights the contributions made by lab-in-the-field experiments, which are also known as artefactual, framed and extra-lab experiments. We present a curated sample of lab-in-the-field experiments and discuss how they can be conducted on their own or combined with conventional...

In the modern economy, entrepreneurship is associated with individuals’ tendency to invest in risky projects. We conjecture that societies with a historical background in sea fishing are more likely than other societies to exhibit risk-taking behaviors in modern times, as the earliest sea...

Do households comprehend the nature of price tail-risks inherent to real-time electricity pricing plans? We develop a randomized and incentivized experiment calibrated to real-world price distributions and find that (a) probabilistic risk disclosure elicits greater demand for real-time pricing...