In this paper, we show that expressed willingness-to-pay (WTP) for reducing symptoms caused by air pollution, crucially depends on the respondents being aware of the origin of the symptoms. We observe that the average stated WTP is 50 % higher when respondents are informed in the questionnaire...

We investigate the effects of competition on managerial incentives and effort in a laboratory experiment. Each owner offers compensation to his manager in two different contexts: monopoly and Cournot duopoly. After accepting the compensation, the manager chooses an effort level to increase the...