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Experimental methods have recently been used to evaluate environmental policy instruments, in particular – and most suitably, it seems – emissions trading programs of various designs. Some studies have focused on domestic emissions trading programs, while others have focused on international...
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classical investment theory. The presence of a price floor and learning from personal experience during the experiment do not … options approach and the classical investment theory can predict farmers’ investment behaviors. We also examine differences in …
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this link using a laboratory experiment. In the experiment, public officials have the opportunity to accept a bribe and can …
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We present a model where each of two players chooses between remuneration based on either private or team effort. Although at least one of the players has the equilibrium strategy to choose private remuneration, we frequently observe both players to choose team remuneration in a series of...
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