Hypothetical referenda have been proposed as an incentive- compatible mechanism that can be used to obtain social valuations of environmental resources. We employ experimental methods to test the hypothesis that such referenda are indeed incentive compatible. Our results lead us to reject that...

This chapter compares four methods of rationing an input that is subject to supply capacity shocks. We describe the application of the mechanisms in terms of electricity. The mechanisms we test are random interruption, priority service, proportional service%all option and proportional...