The existing literature acknowledges that a mismatch between the experimenter'sand the subjects' models of an experimental task can adversely aect the interpretation ofdata from laboratory experiments. We discuss why the two common experimental designs(between-subjects and within-subjects) used...

We augment a standard dictator game to investigate how preferences for an environmental project relate to willingness to limit others’ choices. We explore this issue by distinguishing three student groups: economists, environmental economists, and environmental social scientists. We find that...

The Porter hypothesis suggests that environmental regulations, such as restricting firms to reduce pollution, stimulates innovations and create a win-win situation for the environment and for firms. It has received a great deal of attention from academics as well as bureaucrats who disagree...

We study time preferences in a real-effort experiment with a one-month horizon. We report thattwo thirds of choices suggest negative time preferences. Moreover, choice reversal over time iscommon even if temptation plays no role. We propose and measure three distinct concepts ofchoice reversal...

Agents compete to acquire a limited economic opportunity of uncertain pro…tability.Each agent decides how much he acquires public signals before making investmentunder fear of preemption. I show that equilibria have various levels of e¢ ciency undermild competition. The e¤ect of competition...

Agents compete to solve a problem. Each agent knows own computational capacityas private information and simultaneously chooses either a risky or a safe problemsolving method. This paper analyzes the optimal prize schemes from the perspectiveof the prize designer who wishes to …nd a solution as...

Germany and the United States face a common challenge in promoting innovation and entrepreneurship to maintain their leadership in global markets, with the economic growth and employment both societies seek. To this end, innovative policies at national and regional level are needed so that...

Previous research indicates that risky and uncertain marginal returnsfrom the public good significantly lower contributions. This paper presentsexperimental results illustrating that the effects of risk and uncertainty dependon the employed parameterization. Specifically, if the value of the...

The notion of choice inconsistency is widely spread in the literature on behavioraleconomics. Several approaches were used to account for the observation that peoplereverse their choices over time. This paper aims to explain the formation of resolutionsregarded as internal self-binding devices....

We investigate whether Swedish Environmental Protection Agency (EPA) administrator recommendations regarding improvements in environmental quality differ from citizen preferences. The scope and significance of the possible difference are assessed by conducting identical choice experiments on a...