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Roosen, Jutta; Bieberstein, Andrea; Marette, Stephan; Blanchemanche, Sandrine; Vandermoere, Frederic. |
We evaluate the impact of different information sequences on participants’ hypothetical willingness to pay (WTP) for food produced using nanotechnology. In three treatment groups, information on the health, societal, or environmental impact linked to nanotechnology was revealed in different sequences: an imposed order, a chosen order, and a chosen order after a discussion among participants. Results show that information choice is important. While in the imposed order, the first information revealed has no effect on WTP, the information chosen first has a strong impact. Discussion has no further impact. Health information was a priority and significantly decreased WTP, while societal and environmental information did not significantly influence WTP. |
Tipo: Journal Article |
Palavras-chave: Discussion; Experimental economics; Food nanotechnology; Information choice; Willingness to pay; Demand and Price Analysis. |
Ano: 2011 |
URL: http://purl.umn.edu/117398 |
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Smith, Elizabeth C.; Swallow, Stephen K.. |
Research on public good auctions is intended to initiate development on new approaches to finance public goods, beyond government and philanthropic efforts. The researchers evaluate the potential to identify economic value for a subset of ecosystem services and markets that have the potential to provide for them. Empirical analysis focuses on public valuation for three specific types of ecosystem activities (bird habitat, sea grass restoration and shellfish restoration) in coastal Virginia. Data was collected using a field experiment employing an experimental auction approach with mechanisms to reduce free riding often seen in the experimental economics literature. These incentive mechanisms are applied to individual restoration activities and willingness... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Experimental economics; Valuation; Public goods; Ecosystem services; Environmental Economics and Policy. |
Ano: 2010 |
URL: http://purl.umn.edu/61654 |
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Otoo, Miriam; Fulton, Joan R.; Wu, Steven Y.; Ibro, Germaine. |
We use field experiments in Niger to investigate the nature and efficiency of contractual structures in market transactions between kossai vendors and cowpea grinders (key input suppliers). Three contractual structures were employed: gift contract, standard price contract and discretionary bonus contract (most incomplete). Gift contracts and standard price contracts involve an upfront payment of grinding fees where discretionary bonus contracts involve payment after the quality of service is observed. Gift contracts were found to be the most ex-ante efficient with the highest acceptance rates. Discretionary bonus contracts (most incomplete) were the most ex-post efficient that is, resulted in the highest quality. Our results suggest that the degree of... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Incomplete contracts; Street food vendors; Experimental economics; International Development. |
Ano: 2010 |
URL: http://purl.umn.edu/61458 |
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Karlan, Dean S.. |
Questions remain as to whether results from experimental economics games are generalizable to real decisions in non-laboratory settings. Furthermore, important questions persist about whether social capital can help solve seemingly missing credit markets. I conduct two experiments, a Trust game and a Public Goods game, and a survey to measure social capital. I then examine whether behavior in the games predicts repayment of loans to a Peruvian group lending microfinance program. Since the structure of these loans relies heavily on social capital to enforce repayment, this is a relevant and important test of the games, as well as of other measures of social capital. I find that individuals identified as "trustworthy" by the Trust game are in fact less... |
Tipo: Working or Discussion Paper |
Palavras-chave: Trust game; Experimental economics; Microfinance; Institutional and Behavioral Economics; B4; C9; D8; O1. |
Ano: 2005 |
URL: http://purl.umn.edu/28429 |
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Registros recuperados: 50 | |
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