In an experimental newsvendor setting we investigate three phenomena: Level behavior ― the decision-maker's average ordering tendency; adjustment behavior ― the tendency to adjust period-to-period order quantities; and observation bias ― the tendency to let the degree of demand feedback...

Renewable portfolio standards, feed-in-tariffs, and market premia are widely used policy instruments to promote investments in renewable energy sources. Regulators continuously evaluate these instruments along the main electricity policy objectives of affordability, reliability, and...