A country’s production possibility frontier or PPF is defined as the boundary of its economy’s production set in the net output space for a given technology and fixed quantities of primary factors of production. In general equilibrium theory, exogenous changes in technology or primary-factor...

A country’s production possibility frontier or PPF is defined as the boundary of its economy’s production set in the net output space for a given technology and fixed quantities of primary factors of production. In general equilibrium theory, exogenous changes in technology or primary-factor...

In an experiment designed to test for expressive voting, Tyran (JPubEc 2004) found a strong positive correlation between the participants' approval to a proposal to donate money for charity and their expected approval rate for fellow voters. This phenomenon can be due to a bandwagon effect or a...

We use a power-to-resist game to find out the effects of individuals‘ judgments about a proposer‘s selection procedure on the willingness to offer resistance against proposed outcomes. In the experiment, one individual is selected on the grounds of a particular procedure. This individual is...

This paper discusses the implementation of experiential learning techniques in a behavioural economics class. In order to deepen students' understanding of both behavioural economics and the experimental approach to research students in the course developed and conducted variants of economic...

Pay What You Want (PWYW) pricing has received considerable attention recently. Empirical studies show that if PWYW pricing is implemented, in a number of cases consumers do not behave selfishly and that some producers are able to use PWYW for increasing turnover and profits respectively. In this...