We conduct a large-scale …eld experiment with 2,440 subjects in whichwe exogenously vary the price of contributing to the closest empiricalcounterpart of an in…nitely large public good, climate change mitigation.We …nd that the price e¤ect is robust and negative, but quantitativelyweak, with...

Incentives often fail in inducing economic agents to engage in a desirableactivity; implementability is restricted. What restricts implementability?When does re-organization help to overcome this restriction?This paper shows that any restriction of implementabilityis caused by an identification...

This paper shows that, for CEU preferences, the axioms consquentialism, state independenceand conditional certainty equivalent consistency under updating characterise a family of capacities,called Genralised Neo-Additive Capacities (GNAC). This family contains as special casesamong others...

When designing incentives for a manager, the trade-off between insuranceand a “good” allocation of effort across various tasks is oftenidentified with a trade-off between the responsiveness (sensitivity, precision,signal-noise ratio) of the performance measure and its similarity(congruity,...

This article incorporates a political decision process into an urban land use model topredict the likely location of a public good. It fills an important gap in the literature bymodeling the endogenous location of open space. The article compares open spacedecisions made under a majority-rules...