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Registros recuperados: 31 | |
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Suter, Jordan F.; Spraggon, John M.; Poe, Gregory L.. |
Water quality trading schemes in the United States can predominantly be characterized by low trading volumes. In this paper we utilize laboratory economics experiments to explore the extent to which the technology through which pollution abatement is achieved influences market outcomes. Mirroring the majority of water quality trading markets, the sessions utilize small trading groups composed of six participants. To understand the extent to which abatement technology influences trading behavior, the experimental treatments vary the degree of heterogeneity in initial abatement costs and the potential for long-lived investments in cost-reducing abatement technology. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
Ano: 2011 |
URL: http://purl.umn.edu/104023 |
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Poe, Gregory L.; Clark, Jeremy; Schulze, William D.. |
Niagara Mohawk Power Corporation utilized a demand revealing public good mechanism to implement a green electricity program for provision of renewable energy and planting trees. This GreenChoiceTM program provided an opportunity to test the reliability of contingent valuation for predicting actual participation levels. In this study, participation levels predicted by hypothetical open-ended and dichotomous choice questions are compared to a reference level obtained from the actual GreenChoiceTM program. This approach represents an important improvement over past public goods contingent valuation validity tests which have relied on voluntary contribution mechanisms to elicit actual willingness to pay, and thus are likely to overestimate hypothetical bias... |
Tipo: Working or Discussion Paper |
Palavras-chave: Public Economics; Resource /Energy Economics and Policy. |
Ano: 1997 |
URL: http://purl.umn.edu/7264 |
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Messer, Kent D.; Poe, Gregory L.; Rondeau, Daniel; Schulze, William D.; Vossler, Christian A.. |
This study investigates the influence of social preferences on voting decisions using a new Random Price Voting Mechanism (RPVM), which is best thought of as a public goods voting extension of the Becker-DeGroot-Marshack mechanism for private goods. In particular, this mechanism is used to investigate experimentally whether voting decisions are affected by the distribution of net benefits associated with a proposed public program. Recent papers have shown that, in additional to selfishness, factors such as inequality aversion, maximin preferences, and efficiency may influence individual decisions. However, the effect of social preferences on voting, the predominant funding mechanism for public goods by legislatures and public referenda, has not been... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Institutional and Behavioral Economics. |
Ano: 2006 |
URL: http://purl.umn.edu/21145 |
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Messer, Kent D.; Poe, Gregory L.; Rondeau, Daniel; Schulze, William D.; Vossler, Christian A.. |
Public referenda are frequently used to determine the provision of public goods. As public programs have distributional consequences, a compelling question is what role if any social preferences have on voting behavior. This paper explores this issue using laboratory experiments wherein voting outcomes lead to a known distribution of net benefits across participants. Preferences are elicited using a novel Random Price Voting Mechanism (RPVM), which is a more parsimonious mechanism than dichotomous choice referenda, but gives consistent results. Results suggest that social preferences, in particular a social efficiency motive, lead to economically meaningful deviations from self-interested voting choices and increase the likelihood that welfare-enhancing... |
Tipo: Working or Discussion Paper |
Palavras-chave: Institutional and Behavioral Economics; Research Methods/ Statistical Methods; C91; C92; D64; D72; H41. |
Ano: 2008 |
URL: http://purl.umn.edu/51132 |
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Poe, Gregory L.; Kaiser, Harry M.; Messer, Kent D.. |
The mandatory nature of generic advertising funding remains a contentious issue. Theoretically and in laboratory environments, a provision point mechanism with a money-back guarantee offers an attractive voluntary alternative to the standard voluntary contribution mechanisms, yet in practice, few examples of multiple-round provision point mechanisms exist. A practical concern with applying these mechanisms is that even a slight shortfall in contributions relative to the designated funding threshold in one period would engender an irreversible shutdown of administrative capacity with negative consequences for subsequent periods. This paper uses experimental economics to test new two-threshold provision point mechanisms in the context of check-off... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
Ano: 2006 |
URL: http://purl.umn.edu/21371 |
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Poe, Gregory L.. |
Higher property taxes and uncertainty about post-easement tax levels may create a disincentive for landowners to participate in federal easement programs such as the Wetlands Reserve Program, and thus may distort participation levels in a manner inconsistent with the environmental benefits associated with individual parcels. Support for this hypothesis is provided in an exploratory analysis of state level participation in the Wetlands Reserve Program. If such distortions prove to be policy relevant, then either they should be accounted for in the bid acceptance process of future federal easement programs, or individual states and localities should correct property tax differentials and post-easement tax uncertainty. |
Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
Ano: 1998 |
URL: http://purl.umn.edu/31501 |
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Bateman, Ian J.; Cole, Matthew A.; Cooper, P.; Georgiou, Stavros; Hadley, David; Poe, Gregory L.. |
Through a combination of experimental and field analysis, we demonstrate that varying the visible choice set (i.e., set of goods which, at any given point in a valuation exercise, the respondent perceives as being the full extent of purchase options which will be made available in the course of that exercise) strongly affects observed scope. These results challenge the conclusion that contingent values are plagued by embedding and ordering effects, suggesting that such effects can be eliminated when the respondent is completely informed about the entirety of valuation tasks prior to answering the first elicitation question. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Research Methods/ Statistical Methods. |
Ano: 2001 |
URL: http://purl.umn.edu/20480 |
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Poe, Gregory L.; Bills, Nelson L.; Bellows, Barbara; Crosscombe, Patricia; Koelsch, Rick; Kreher, Michael; Wright, Peter. |
Despite intense policy interest in livestock operations and water quality, only anecdotal evidence exists regarding actual manure management practices on dairy farms. This paper discuss the results of a unique mail survey of 470 New York dairy farms that links manure management practices and farmer willingness to participate in voluntary environmental programs. Analysis of this data set indicates a wide divergence between actual and recommended manure management practices on individual dairy farms (high), the apparent ability of farms to divert financial resources to environmental practices (mixed), and the willingness to participate in voluntary programs at various annual costs per cow (low). These findings have policy implications for the USDAIUSEPA... |
Tipo: Working Paper |
Palavras-chave: Livestock Production/Industries. |
Ano: 1999 |
URL: http://purl.umn.edu/121154 |
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Poe, Gregory L.; Bishop, Richard C.. |
Information, or lack thereof, is an important input in value formation and the distribution of contingent values. Although most conceptualizations of the contingent valuation process stress that information provision should be 'adequate,' very little empirical research has been devoted to assessing the effects of different information flows on contingent values and to establishing a standard of information adequacy for contingent valuation studies. The need for such research is particularly cogent for valuing the benefits of reducing environmental risks, a non-market good which is increasingly being valued with the contingent valuation method. Using nitrates in groundwater as a case study, this paper evaluates and compares health risk perceptions and the... |
Tipo: Working Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
Ano: 1992 |
URL: http://purl.umn.edu/121335 |
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Suter, Jordan F.; Poe, Gregory L.; Vossler, Christian A.. |
The regulation of nonpoint source water pollution from agriculture is a complex problem characterized by a multiplicity of polluters, informational asymmetries, complex fate and transport processes, and stochastic environmental factors. Taken together, these characteristics make regulatory policy based on individual firm emissions prohibitively costly. To circumvent this issue, economists, beginning with the seminal work of Segerson (1988), have devised economic incentive instruments that assign liabilities based on deviations between the observed ambient water quality level and a specified pollution threshold (Xepapadeas 1991; Horan, Shortle and Abler 1998, 2002; Hansen 1998, 2002). In the special case of a linear damage function, the regulator can... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
Ano: 2005 |
URL: http://purl.umn.edu/19411 |
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Registros recuperados: 31 | |
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