The logit-mixed logit (LML) model is a very recent advancement in semiparametric discrete choice models. LML represents the mixing distribution of a logit kernel as a sieve function (polynomials, step…
The logit-mixed logit (LML) model, which allows the analyst to semi-parametrically specify the mixing distribution of preference heterogeneity, is a very recent advancement in logit-type choice models. In…
We experimentally test different rule-based contribution mechanisms in a repeated 4-player public goods game with endowment heterogeneity and compare them to a VCM, distinguishing between a random and an…
Individuals’ risk preferences may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after…
Klimawandelbedingte Kosten entstehen in einer Kaskade von Wirkungsmechanismen und -kreisläufen, die jeweils mit zahlreichen Unsicherheiten verbunden sind. Die Menge der Treibhausgasemissionen bestimmt, wie sich…
Contributions to Edited Volumes and Conference Proceedings
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2017
This paper analyzes hybrid emissions trading systems (ETSs)under partitioned environmental regulation when firms' abatement costs and future emissions are uncertain. We show that hybrid policies that…