This paper characterizes the key tradeoffs faced by households in deciding how much solar power to produce privately on their rooftops or to subscribe to in a community solar project, and how these trade-offs are influenced by a public utility company’s (or regulator’s) comprehensive pricing...

This paper characterizes the key tradeoffs faced by households in deciding how much solar power to produce privately on their rooftops or to subscribe to in a community solar project, and how these tradeoffs are influenced by a regulator's pricing strategy. Households choose their rooftop- and...

Economists have generally ignored the notion that perceived time may differ from clock time. Borrowing from the behavioral psychology literature, we investigate the case of time compression whereby perceived time passes more quickly than actual time. A framework is presented to embed time...

We present a theoretical framework for understanding the relationship between anchoring bias, hypothetical bias, and cheap talk in constructed markets. In our theory, interviewers provide agents with signals such as cheap talk and bid values while eliciting the value for nonmarket goods. In...

Replaced with revised version of paper 07/28/04.

This paper reports results from a contingent valuation based public good experiment conducted in the African nation of Botswana. In a sample of university students, we find evidence that stated willingness to contribute to a public good in a hypothetical setting is higher than actual...