This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation. Using an induced value experiment in China with a random nthprice auction, the author finds: 1) Hypothetical bias exists in a random nth-price auction with induced values and...

This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation. Using an induced value experiment in China with a random nth-price auction, the author finds: 1) Hypothetical bias exists in a random nth-price auction with induced values and...

Spontaneous combustion of coal is a natural hazard during mining. In China, more than 60 % of cases of spontaneous combustion of coal in China result from coal pillars in goafs. In this paper, the plastic deformation of a coal pillar was simulated and, based on the simulated vertical and...

We add social norms into Laffont’s mechanism designed for environmental risk. We find with endogenous social norms and asymmetric information about personal norms, the optimal contract induces more (less) effort from the “green” (“brown”) firm.

This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation. Using an induced value experiment in China with a random nthprice auction, the author finds: 1) Hypothetical bias exists in a random nth-price auction with induced values and...

This paper explores whether a truth-telling promise can work to reduce the hypothetical bias in preference elicitation. Using an induced value experiment in China with a random nth-price auction, the author finds: 1) Hypothetical bias exists in a random nth-price auction with induced values and...

This paper analyzes the impact of managerial attributes such as overconfidence on firms' environmental performance. We hypothesize that overconfident CEOs tend to underestimate firms' environmental risk leading to a low level of ex-ante environmental safeguards and hence, lower environmental...