Experiments

Embedding effect and the consequences of advanced disclosure: evidence from the valuation of cultural goods

Submitted by César Salazar on 9 July 2020

This study revisits the embedding effect, a long-standing problem in the nonmarket valuation literature. The embedding effect was a popular research topic during the 1990s, especially following the Exxon Valdez oil spill in Alaska. It has resurfaced after a special issue of The Journal of Economic Perspectives in 2012 in which Jerry Hausmann asserts that among the three long-standing problems with contingent valuation, the embedding effect is the most challenging.

Experiments

Knowing how and knowing when: unpacking public understanding of atmospheric CO2 accumulation

Submitted by Samuel Wakuma on 18 May 2020
EfD Authors:

Abstract It has been demonstrated that most people have a limited understanding of atmospheric CO2 accumulation. Labeled stock-flow (SF) failure, this phenomenon has even been suggested as an explanation for weak climate policy support. Drawing on a typology of knowledge, we set out to nuance previous research by distinguishing between different types of knowledge of CO2 accumulation among the public and by exploring ways of reasoning underlying SF failure. A mixed methods approach was used and participants (N = 214) were enrolled in an open online course.

Climate Change, Experiments

How consumer confidence in food safety practices along the food supply chain determines food handling practices: Evidence from Ghana

Submitted by Samuel Wakuma on 18 May 2020

The relationship between consumer confidence in food safety measures for vegetables sold in open markets and their use of safe food handling practices in the domestic environment was investigated for a set of 332 randomly sampled vegetable consumers within the suburbs of Accra, Ghana.

Experiments, Policy Design

Uncertain penalties and compliance: experimental evidence

Submitted by César Salazar on 8 May 2020

We present the results of a series of economic laboratory experiments designed to study the compliance behavior of polluting firms when penalties are stochastic. The experiments consist of a regulatory environment in which university students faced emission standards and an enforcement mechanism composed of audit probabilities and penalties (conditional on detection of a violation).

Experiments, Policy Design