Search Results - subject:"Truthful Revelation"

A Note on Pollution Regulation With Asymmetric Information

Pench, Alberto - 2016

instruments: an effluent fee or a standard: as a result in a real world setting this uncertainty might induce firms to a truthful … revelation. Moreover, under the assumption of linear marginal abatement or marginal social damage functions, in many cases the …

Persistent link: https://www.econbiz.de/10011492388

A note on pollution regulation with asymmetric information

Pench, Alberto - 2016

Persistent link: https://www.econbiz.de/10011451663

A Montero auction mechanism for regulating unobserved use of the commons

Hansen, Lars Gårn - 2015

Regulating externalities from the use of common resources is often hampered by the regulator's inability to accurately observe individual firms' resource use. Allocating resource use through taxes on aggregate use, which often can be observed, has been suggested (Segerson, 1988); however, these...

Persistent link: https://www.econbiz.de/10012101032

Unbundling truthful revelation when auctioning bundled goods

Courty, Pascal; Rondeau, Daniel; Doyon, Maurice A. - 2015

Persistent link: https://www.econbiz.de/10011444939

The Role of Confidence in Truthful Revelation of Private Values

Parkhurst, Gregory M.; Nowell, Clifford - In: Agricultural and Resource Economics Review 43 (2014) 2

on truthful revelation of induced values in WTP and WTA auctions using the Becker-DeGroot-Marschak (BDM) mechanism. The …

Persistent link: https://www.econbiz.de/10011142624

Truthful revelation in nonmarket valuation

Romstad, Eirik - International Association of Agricultural Economists - IAAE - 2012

A major criticism of contingent valuation methods relates to their hypothetical nature, where truthful revelation of … vulnerable to strategic behavior. This paper combines the truthful revelation properties of multi-unit uniform price auctions and … the median voter theorem to induce truthful revelation. The intuition is as follows: Let the price in the auction be set …

Persistent link: https://www.econbiz.de/10010880276

Bidding behavior in environmental contract auctions with incomplete monitoring

Romstad, Eirik; Alfnes, Frode - 2011

this insight one needs to have auction proceduresthat provide incentives for truthful revelation of agents' private … alternateincomes.Our second result is that the incentives for truthful revelation is lost whenmonitoring is incomplete unless the …

Persistent link: https://www.econbiz.de/10009442281

Bidding behavior in environmental contract auctions with incomplete monitoring

Romstad, Eirik; Alfnes, Frode - European Association of Agricultural Economists - EAAE - 2011

of this insight one needs to have auction procedures that provide incentives for truthful revelation of agents' private … alternate incomes. Our second result is that the incentives for truthful revelation is lost when monitoring is incomplete unless …

Persistent link: https://www.econbiz.de/10009326144

La Crema: A case study of mutual fire insurance

Cabrales, Antonio; Calvó, Antoni; Jackson, Matthew O. - Department of Economics and Business, Universitat … - 2000

We analyze a mutual fire insurance mechanism used in Andorra, which is called La Crema in the local language. This mechanism relies on households' announced property values to determine how much a household is reimbursed in the case of a fire and how payments are apportioned among other...

Persistent link: https://www.econbiz.de/10005827468

The Role of Confidence in Truthful Revelation of Private Values

Parkhurst, Gregory M.; Nowell, Clifford - Northeastern Agricultural and Resource Economics …

on truthful revelation of induced values in WTP and WTA auctions using the Becker-DeGroot-Marschak (BDM) mechanism. The …

Persistent link: https://www.econbiz.de/10011142653