Showing 1 - 10 of 93
A contest is a situation in which individuals or groups expend costly resources while competing to win a specific prize. The variety of economic situations that can be described as contests has attracted enormous attention from economic theorists. Despite the extensive theoretical research of...
Persistent link: https://www.econbiz.de/10009430299
This thesis includes three essays that examine the impact on network externalities (demand side economies of scale) on agent behaviour in markets. Essays 2 and 3 use experimental methodology to test predictions from theory. The fourth essay analyses field data collected from a specific market...
Persistent link: https://www.econbiz.de/10009430350
This dissertation consists of three essays on experimental and behavioral economics that examine how decision-making in the laboratory environment is affected by changes in context.1 The first three essays focus on how behavior changes when individuals are presented with two simultaneous...
Persistent link: https://www.econbiz.de/10009430558
This paper reports a preliminary laboratory experiment in which traders make investments to increase the reliability of tradable instruments that represent greenhouse gas emissions allowances. In one half of the sessions these investments are unobservable, while in the other half traders can...
Persistent link: https://www.econbiz.de/10009430680
Evidence suggests that a large majority of firms and individuals comply with regulations and tax laws even though the frequency of inspections and audits is often low. Moreover, fines for noncompliance are also typically low when regulatory violations are discovered. These observations are not...
Persistent link: https://www.econbiz.de/10005458687
Unexpected variation in emissions can have a substantial impact on the prices and efficiency of tradable emission permit markets. In this paper we report results from a laboratory experiment in which subjects participate in an emissions trading market in the presence of emissions uncertainty....
Persistent link: https://www.econbiz.de/10005458712
We construct a laboratory market with the structure of the theoretical model of Burdett, Shi, and Wright (2001). The model is a simple and natural way to represent a market in which there is a friction in the matching process between buyers and sellers. Sellers first simultaneously post prices...
Persistent link: https://www.econbiz.de/10005786798
This paper presents a laboratory collective resistance (CR) game to study how different forms of non-binding communication among responders can help coordinate their collective resistance against a leader who transgresses against them. Contrary to the predictions of analysis based on purely...
Persistent link: https://www.econbiz.de/10005786821
Most problems with formal sector credit lending to the poor in developing countries can be attributed to the lack of information and inadequate collateral. One common feature of successful credit mechanisms is group-lending, where the loan is advanced to an individual if he/she is a part of a...
Persistent link: https://www.econbiz.de/10005786822
This research uses neighborhood characteristics (at the zipcode level) in 1990 to explain toxic releases in 1993. It combines the Toxics Release Inventory data with demographic data from the 1990 US Census. We first analyze the location of manufacturing facilities in a particular neighborhood...
Persistent link: https://www.econbiz.de/10005624085