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compare this mechanism with two well-known alternative allocation mechanisms, free and costly allocation of permits at the … theoretical predictions, firms over-report their maximal emissions under free allocation of permits and under-report these under … costly allocation of permits. Under Montero's mechanism, by contrast, firms almost always report their maximal emissions …
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I study a mechanism design problem of allocating a single good to an agent when the mechanism is followed by a post-mechanism game (aftermarket) played between the agent and a third-party. The aftermarket is beyond the direct control of the designer. However, she can influence the information...
Persistent link: https://www.econbiz.de/10011865063
We analyze a setting common in privatizations, public tenders, and takeovers in which the ex post efficient allocation …
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compare this mechanism with two well-known alternative allocation mechanisms, grandfathering and pure auctioning. We conducted … 27 treatments with a total of 623 participants, controlling for the allocation mechanism, the number of firms, and the …
Persistent link: https://www.econbiz.de/10011787201
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This chapter explores how economists use experimental methods to understand better the behavioral underpinnings of environmental valuation. Economic experiments, in the lab or field, are an attractive tool to address intricate incentive and contextual questions that arise in assessing values...
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