Similar Search Results

Xiao, Erte; Houser, Daniel - 2006

environments, ranging from American students facing punishment in laboratory experiments, to Israeli parents facing fines for …

Persistent link: https://www.econbiz.de/10009441131

Market Power in Tradable Emission Markets: A Laboratory Testbed for Emission Trading in Port Phillip Bay, Victoria

Cason, Timothy N.; Gangadharan, Lata; Duke, Charlotte - 2003

In theory, competitive emission permit markets minimise total abatement cost for any emissionceiling. Permit markets are often imperfectly competitive, however, if they are thin anddominated by large firms. The dominant firm(s) could exercise market power and increase otherfirms’ costs of...

Persistent link: https://www.econbiz.de/10009445935

A Meta-Analysis of Hypothetical Bias in Stated Preference Valuation

Murphy, James J.; Allen, Geoffrey; Stevens, Thomas H.; … - 2003

Individuals are widely believed to overstate their economic valuation of a good by a factor of two or three. This paper reports the results of a meta-analysis of hypothetical bias in 28 stated preference valuation studies that report monetary willingness-to-pay and that used the same mechanism...

Persistent link: https://www.econbiz.de/10009467788

Hybrid Auctions II: Experimental Evidence

Dutra, Joisa C; Menezes, Flavio - 2001

In this paper we report the results of an experiment designed to examine the properties of a hybrid auction - a Dutch-Vickrey auction, that combines a sealed bid first-price auction with a sealed bid second-price auction. This auction mechanism shares some important features with that used in...

Persistent link: https://www.econbiz.de/10009451730

Buyer Liability and Voluntary Inspections in International Greenhouse Gas Emissions Trading: A Laboratory Study

Cason, Timothy N. - 2000

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

Social Preferences and Public Economics: Mechanism design when social preferences depend on incentives

Bowles, Samuel; Hwang, Sung-Ha - 2008

Social preferences such as altruism, reciprocity, intrinsic motivation and a desire to uphold ethical norms are essential to good government, often facilitating socially desirable allocations that would be unattainable by incentives that appeal solely to self-interest. But experimental and other...

Persistent link: https://www.econbiz.de/10009467887

Social Preferences and Public Economics: Mechanism design when social preferences depend on incentives

Bowles, Samuel; Hwang, Sung-Ha - 2008

Persistent link: https://www.econbiz.de/10009468014

Avoiding the Sharp Tongue: Anticipated Written Messages Promote Fair Economic Exchange

Xiao, Erte; Houser, Daniel - 2008

Research in economics and psychology has established that informal non-monetary sanctions, particularly expressions of negative emotion or disapproval, can enforce fair economic exchange. However, scholars are only beginning to understand the reasons non-monetary sanctions affect economic...

Persistent link: https://www.econbiz.de/10009441172

The long-run determinants of Australian income inequality

Gaston, Noel; Rajaguru, Gulasekaran - 2009

Recent interest has been stimulated by the growth of income inequality in most developed countries during the 1980s and … development. This article uses a measure of income inequality derived from taxation statistics and a recently proposed method for … testing long-run Granger non-causality to examine the key determinants of Australia's inequality for the years 1970–2001. In …

Persistent link: https://www.econbiz.de/10009441597

Employment Growth and Income Inequality: Accounting for Spatial and Sectoral Differences

Pede, Valerien O.; Florax, Raymond J.G.M.; Partridge, … - 2009

This paper revisits the inequality-growth relationship accounting for sectoral differences and focusing on US counties … depends on regional income inequality and a number of control variables. Spatial econometrics techniques are used to account … inequality for the Agriculture, Forestry, Fishing and Hunting sector and the Real Estate, Rental and Leasing sector. However …

Persistent link: https://www.econbiz.de/10009444734