Sökning: id:"swepub:oai:gup.ub.gu.se/249788" >
Prices versus Stand...
Prices versus Standards and Firm Behavior: Evidence from an Artefactual Field Experiment
-
Hennlock, Magnus (författare)
-
- Löfgren, Åsa, 1972 (författare)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
-
- Wollbrant, Conny, 1981 (författare)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Department of Economics
-
(creator_code:org_t)
- Gothenburg : University of Gothenburg, 2017
- Engelska.
-
Serie: Working Papers in Economics (online), 1403-2465
- Relaterad länk:
-
https://gup.ub.gu.se...
Abstract
Ämnesord
Stäng
- We conduct an artefactual field experiment in which 164 managers and senior advisors recruited from Swedish industry were presented with a task of maximizing net revenue from abatement investments under three different but equally stringent environmental policy regimes. We find that investment decisions are strongly influenced by type of policy instrument. Economic instruments and performance standards cause different attentional and judgment biases that are inconsistent with standard economic theory. Inconsistencies are larger with economic policy instruments (tax and subsidy) than with performance standards even though subjects’ attention to cost minimization was greater with economic instruments than under performance standards.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- artefactual field experiment
- bounded rationality
- attentional bias
- investment inefficiencies
- firm
- regulation
- policy
Publikations- och innehållstyp
- vet (ämneskategori)
- rap (ämneskategori)