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Recent contributions to the theoretical and experimental literature suggest that minimum participation rules (MPRs) are able to reduce free-riding incentives and may facilitate cooperation (or at least coordination) at the extensive margin of international environmental agreements. Based on a...
Persistent link: https://www.econbiz.de/10010477133
fixed costs. In the absence of any government regulation, there will be an asymmetric duopoly game that can be solved for a …
Persistent link: https://www.econbiz.de/10012733119
How should we interpret the World Values Survey (WVS) trust question? We conduct an experiment in India, a low trust …
Persistent link: https://www.econbiz.de/10011457340
Before 2004 South Africa was the dominant steam coal exporter to the European market. However a new market situation with rising global demand and prices makes room for a new entrant: Russia. The hypothesis investigated in this paper is that the three incumbent dominant firms located in South...
Persistent link: https://www.econbiz.de/10009580119
Before 2004 South Africa was the dominant steam coal exporter to the European market. However a new market situation with rising global demand and prices makes room for a new entrant: Russia. The hypothesis investigated in this paper is that the three incumbent dominant firms located in South...
Persistent link: https://www.econbiz.de/10014172812
The public policy approach to the Internet has become more and more complex as several markets – including fixed and … mobile communications, media and content, IT – converge into one single Internet ecosystem. As in all ecosystems, zones and … reflects on the economics of the Internet and emerging business models, and comments on the current debates in each of the …
Persistent link: https://www.econbiz.de/10014191002
A known policy dilemma occurs between the need to curb extra-large profits by some industries, like pharmaceuticals, and the need to ensure the incentive to produce is not damaged. This paper shows that a profit cap, imposed via taxation on a group of firms, can simultaneously eliminate...
Persistent link: https://www.econbiz.de/10014261925
conducted a simple experiment with people who have been involved in international climate policy. The experiment, which was run … via the Internet, consisted of two simple non-strategic games suited to measure the parameters of inequity aversion in a …
Persistent link: https://www.econbiz.de/10010297962
Contract enforcement does not only affect single transactions but the market as a whole. We compare alternative institutions that allocate enforcement rights to the different parties to a credit transaction: either lenders, borrowers, or judges. Despite all parties having incentives to enforce...
Persistent link: https://www.econbiz.de/10014050946
We use laboratory experiments with human subjects to test the relevance of different inflation targeting regimes. In …
Persistent link: https://www.econbiz.de/10013073788