In many recreational sites, marine coastal water can be affected by the presence of algal blooms, having potential impacts, although not exclusively, on recreational activities. This paper applies a choice experiment to elicit the marginal value for a set of attributes describing coastal water...

This paper investigates fund-raising mechanisms based on a prize as a way to overcome free riding in the private provision of public goods, under the assumptions of income heterogeneity and incomplete information about income levels. We compare experimentally the performance of a lottery, an...

Isuggest that the prospering fields of physics, medicine, and finance illustrate the value of a strong empirical dimension to research that is well integrated with theoretical research. I use empirical research in these fields to formulate a framework for classifying empirical research and...

This paper studies experimentally how the existence of social information networks affects the ways in which firms recruit new personnel. Through such networks firms learn about prospective employees performance in previous jobs. Assuming individualistic preferences social networks are predicted...

Willingness to take risk is an important characteristic of entrepreneurship and a crucial factor for economic growth. Data show that compared to their US counterparts, people in Europe, and even more so in Eastern Europe, are less willing to undertake the risk of building their own business. The...