The replacement of appliances and other energy using products by more effi-cient ones is generally regarded as an effective strategy to reduce energy de-mand. However, the savings realized by this strategy may be lower than those theoretically expected or calculated from a technological point of...

We conduct a laboratory experiment to investigate the impact of institutions and institutional choice on truth-telling and trust in sender-receiver games. We find that in an institution with sanctioning opportunities, receivers sanction predominantly after having trusted lies. Individuals who...