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- Ganguli, Ina, et al.
(författare)
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How Do Nascent Social Entrepreneurs Respond to Rewards? A Field Experiment on Motivations in a Grant Competition
- 2018
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- We conducted a field experiment to identify the causal effect of extrinsic reward cues on the sorting and performance of nascent social entrepreneurs. The experiment, carried out with one of the United Kingdom’s largest support agencies for social entrepreneurs, encouraged 431 nascent social entrepreneurs to submit a full application for a grant competition that provides cash and in-kind mentoring through a one-time mailing sent by the agency. The applicants were randomly assigned to one of three groups: one group received a standard mailing that emphasized the intrinsic incentives of the program, or the opportunity to do good (Social treatment), and the other two groups received a mailing that instead emphasized the extrinsic incentives - either the financial reward (Cash treatment) or the in-kind reward (Support treatment). Our results show that an emphasis on extrinsic incentives has a causal impact on sorting into the applicant pool: the extrinsic reward cues led fewer candidates to apply and “crowded out” the more prosocial candidates while “crowding in” the more money-oriented ones. The extrinsic reward cues also increased application effort, which led these candidates to be more successful in receiving the grant. Yet, the selection resulting from the extrinsic incentive cues led to worse performance at the end of the one-year grant period. Our results highlight the critical role of intrinsic motives in the selection and performance of social enterprises and suggest that using extrinsic incentives to promote the development of successful social enterprises may backfire in the longer run.
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| 4. |
- Le Coq, Chloé, et al.
(författare)
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On the effects of group identity in strategic environments
- 2015
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Ingår i: European Economic Review. - : Elsevier: 24 months. - 0014-2921. ; 76, s. 239-252
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Tidskriftsartikel (refereegranskat)abstract
- We examine differences in behavior between subjects interacting with a member of either the same or different identity group in both a centipede game and a series of stag hunt games. We find evidence that subjects interacting with outgroup members are more likely to behave as though best-responding to uniform randomization of the partner. We conclude that group identity not only affects player׳s social preferences, as identified in earlier research, but also affects the decision making process, independent of changes in the utility function.
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| 5. |
- Le Coq, Chloé, et al.
(författare)
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Regional impacts of the Russian energy sector
- 2019
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Ingår i: The Russian Economy under Putin. - London : Routledge. - 9780429504648 - 9781138586314 ; , s. 149-165
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Bokkapitel (övrigt vetenskapligt/konstnärligt)abstract
- This chapter analyses the channels through which abundance in energy resources affects the manufacturing structure in Russia. It investigates the presence of Dutch disease effect across Russian regions by exploring the impact of energy resources on the growth of regional manufacturing sectors. Adopting a regional perspective allows a separation of the Dutch disease mechanism from the main alternative channel: country-wide institutional ‘resource curse’. Our results find no evidence of differential deindustrialization of those manufacturing subsectors with different sensitivity to the availability of natural resources, thereby offering no support for Dutch disease across Russian regions. This suggests that the policies aimed at limiting the negative effect of energy resources on the Russian economy should deal with the institutional environment rather than directly affect industrial structure.
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| 6. |
- Schwenen, Sebastian, et al.
(författare)
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Pricing and capacity provision in electricity markets: an experimental study
- 2017
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Ingår i: Journal of Regulatory Economics. - : Springer (part of Springer Nature): Springer Open Choice Hybrid Journals. - 1573-0468 .- 0922-680X. ; 51:2, s. 123-158
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Tidskriftsartikel (refereegranskat)abstract
- The creation of adequate investment incentives has been of great concern in the restructuring of the electricity sector. However, to achieve this, regulators have applied different market designs across countries and regions. In this paper we employ laboratory methods to explore the relationship between market design, capacity provision and pricing in electricity markets. Subjects act as firms, choosing their generation capacity and competing in uniform price auction markets. We compare three regulatory designs: (1) a baseline price cap system that restricts scarcity rents, (2) a price spike regime that effectively lifts these restrictions, and (3) a capacity market that directly rewards the provision of capacity. Restricting price spikes leads to underinvestment. In line with the regulatory intention both alternative designs lead to sufficient investment albeit at the cost of higher energy prices during peak periods and substantial capacity payments in the capacity market regime. To some extent these results confirm theoretical expectations. However, we also find lower than predicted spot market prices as sellers compete relatively intensely in capacities and prices, and the capacity markets are less competitive than predicted. © 2017, Springer Science+Business Media New York.
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