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1.
Elicitation using multiple price list formats 总被引:2,自引:0,他引:2
Steffen Andersen Glenn W. Harrison Morten Igel Lau E. Elisabet Rutström 《Experimental Economics》2006,9(4):383-405
We examine the properties of a popular method for eliciting choices and values from experimental subjects, the multiple price
list format. The main advantage of this format is that it is relatively transparent to subjects and provides simple incentives
for truthful revelation. The main disadvantages are that it only elicits interval responses, and could be susceptible to framing
effects. We consider extensions to address and evaluate these concerns. We conclude that although there are framing effects,
they can be controlled for with a design that allows for them. We also find that the elicitation of risk attitudes is sensitive
to procedures, subject pools, and the format of the multiple price list table, but that the qualitative findings that participants
are generally risk averse is robust. The elicitation of discount rates appear less sensitive to details of the experimental
design.
Electronic Supplementary Material Supplementary material is available in the online version of this article at
.
JEL Classification C9, D81, D91
An erratum to this article is available at . 相似文献
2.
This article discusses Swedish energy policy over the period 1973–1992 with a focus on its current energy objectives. Bans on energy sources are assessed as one of the challenges faced by Sweden in the 1990s. We raise questions about the future consequences of such draconian approaches to energy policy that inhibit societal learning. Bans on any fuel source only serve to handicap the economy and lead to a less flexible and more inefficient energy supply at a greater than necessary cost. With the Swedish economy on the verge of becoming more integrated with the rest of Europe, it is imperative to view its comparative advantage in electricity as the basis for its energy policy rather than the individual fuels that generate that electricity. Our goal has been to synthesize components among existing energy objectives to suggest logical implications for the future. 相似文献
3.
Elisabet Garriga 《Journal of Business Ethics》2014,120(4):489-507
In spite of the thousands of articles on stakeholder theory, research on value creation has had a shorter history and narrower breadth. Only a few studies have researched value creation from stakeholder perspective looking at how stakeholders appropiate value or the processes or activities by which stakeholders create value. Consequently to date, certain questions still remain unanswered regarding how a firm should treat stakeholders in order to create value. Several questions arise specifically from the stakeholder's side: What does "value" mean for a particular group of stakeholders and how do firms create these different types of value? How do we measure the value created by stakeholders? The purpose of this paper is to answer these questions from Amartya Sen's Capability Approach, identifying and measuring stakeholders' capabilities in the value creation process. Stakeholder Capability is the adequate concept for understanding stakeholder welfare rather than the utility function concept. The empirical evidence comes from an in-depth case study of the company The Grobo Group and its stakeholders. According to the results, the following stakeholder capabilities are relevant to value creation: being employable, being autonomus, being innovative, being entreprenurial, being responsive, being socially integrated, being emphatic, being "green" and being healthy. 相似文献
4.
Manfred F.R. Kets de Vries Pierre Vrignaud Konstantin Korotov Elisabet Engellau Elizabeth Florent-Treacy 《International Journal of Human Resource Management》2013,24(5):898-917
The Personality Audit (PA) was developed to meet a need for a relatively simple multiple feedback instrument that could clarify the various motivational needs of executives. Using a psychodynamic approach to leadership, the PA allows the test-taker to assess him- or herself in seven personality dimensions important in human behaviour and to identify personal ‘blind spots’. The resulting insights can be used to formulate appropriate leadership development goals. The objective of this paper is to describe the design and psychometric properties of the PA. This instrument, in contrast with other tools that can be used to clarify the inner theatre of individuals, is designed not only to report information given by the test-taker but also to reflect the perceptions of observers representing both the test-taker's public and private spheres. This paper describes in detail the conceptual foundations of the questionnaire, the psychometric methods used to confirm its validity and reliability, and possible directions for future research. 相似文献
5.
We report the results from an experimental study of how problem solving behavior is affected by financial rewards. We formulate three alternative hypotheses: costly rationality, extrinsic/intrinsic trade-off, and distraction effects. Subjects play a computerized version of the Tower-of-Hanoi game and report their beliefs about the optimal solution through a quadratic scoring rule. Subjects participate in one of two treatments: a high penalty and a low penalty. We find that eliciting beliefs, in addition to observing playing behavior, reveals useful information about subjects' cognitive behavior. We reject our hypothesis that the increase in the extrinsic penalty affects the intrinsic valuation in such a way as to decrease the amount of effort applied. 相似文献
6.
We present a transfer-seeking model of political economy that links the theory of Becker (1983) with Tullock-type models of
politically contestable rents. In our model the size of the transfer is determined endogenously, and over-dissipation of rents
is predicted even under conditions of risk-neutrality and perfect rationality. We implement an empirical test of this model
by collecting behavioral data in a laboratory experiment. We confirm the existence of behavior that leads to over-dissipation
of rents in games with both symmetric and asymmetric political power. To the extent that the transfer-seeking costs are social
costs, our findings imply that the total costs of running government might be greatly underestimated if the value of the rent
is used as a proxy for the rent-seeking cost. We also confirm the hypotheses that lowering the political power of one player
can lead to smaller rent-seeking expenditures and to larger transfers
Electronic Supplementary Material Supplementary material is available in the online version of this article at .
JEL Classification C91, D72 相似文献
7.
M. Teresa Costa Campi Agustí Segarra Blasco Elisabet Viladecans Marsal 《Economic Bulletin》2003,40(11):405-412
Original Papers
The Renaissance of the Big Cities—and the Opportunities for Berlin 相似文献8.
We develop an experimental method to elicit subjective beliefs about the ordering of mortality risk over different causes
of death. The experimental procedure emphasizes incentive-compatibility, so that the individual has a positive financial incentive
to respond truthfully. We also consider the extent to which individuals have subjective beliefs for sub-segments of the population
that are more accurate than their beliefs about the risks for the population as a whole. We propose several hypotheses concerning
the degree of familiarity of the risks, and find that the evidence supports those hypotheses. The evidence also suggests that
there is no discernible difference between beliefs elicited using hypothetical or real financial rewards in the elicitation
format we use. Our findings restore some confidence in the ability to elicit beliefs about mortality risks, and therefore
to get reliable estimates of the monetary value of a statistical life.
We dedicate this paper to the memory of J. Clay Lesley, who assisted us in the design and execution of the experiments and
was a valued student, colleague and friend. 相似文献
9.
This paper extends previous research examining wholesale market shares of mobile network operators (MNOs). This study demonstrates that wholesale market concentration has decreased over time because of the increase of competition of MNOs for hosting mobile virtual network operators (MVNOs). However, differences in wholesale market shares between MNOs have not disappeared. We propose that those operators that are late entrants in a market and belong to an international group with a proactive attitude towards hosting virtual operators positively influences wholesale market shares of MNOs. The empirical analysis is based on a panel data from 2000 to 2010 corresponding to MNOs and virtual operators in five European countries with high development of the virtual mobile industry. By closely examining KPN we show how being an international mobile group specialising in the wholesale market across Europe has enabled it to exploit complementarities that exist between traditional and virtual businesses. 相似文献
10.