This work analyzes the impacts of deploying a Power-to-Gas technology in the power generation sector in South Korea by 2050. The Power-to-Gas technology of interest is the low-temperature co-electrolysis of CO2 and H2O, which is an emerging technology for electrochemically converting them to...

We develop and experimentally test a discrete choice model of an expert who recommends one of multiple actions to a decision maker who might take no action. Consistent with the recent theoretical literature on cheap talk recommendations, we find that recommendations are "persuasive" in that they...

Can experts be trusted to provide useful recommendations? We develop and experimentally test a simplified recommendation game where an expert recommends one of two actions to a decision maker who might instead take no action. Consistent with predictions from the cheap talk literature, we find...

Closed-end fund (CEF) prices often exhibit large and persistent deviations from their associated net asset values (NAVs), which is puzzling considering that NAVs are publicly observable for CEFs, which essentially represent repackaged financial assets. The persistence of these deviations is...

Agricultural cooperatives have often been promoted as a way to increase their market power and to obtain stability of profit against uncertainty. This paper estimates the firm-level markups and markup volatility to identify the countervailing market power of cooperatives in the Italian fruits...

This paper reviews the research process conducted on developing a new system for industry wastewater treatment application to increase efficiency and sustainability by adopting industry 4.0 technology. The challenge of this project was to (a) utilize the design thinking methodology...