Mainstream experimental economics is characterized by its focus on theory testing and “treatment effects” on aggregate outcomes. The “agentic” alternative is concerned with the econometric specification of individual behavior....
For some time, researchers have been interested in determinants of long-term growth which are not purely economic in nature. The development of the concept of social capital by sociologists, politologists and economists is a visible effect of this in...
Forest infrastructure is an important material basis for healthy forests. According to public goods theory, most forest infrastructures are quasi-public goods, with demand exceeding supply, more than one supplier, unclear responsibilities between sup...
Forestry infrastructure plays a critical role in promoting tree growth to achieve carbon-neutral targets. However, as a quasi-public good, it faces challenges because of its non-excludability, meaning that everyone can use it whether they pay for it...
Over the last two decades, experimental economics has been gaining relevance in the research of a wide range of issues related to agriculture. In turn, the agricultural activity provides an excellent field of study within which to validate the use of...
First and foremost, pre-registration is not the all-in-one solution for experimental economics [...]
The costs of concentrating photovoltaic (CPV) and concentrating photovoltaic and thermal (CPV/T) systems are highly reduced in the last years because of their increasing diffusion. The unit power cost also depends on the plant size. Hence, the main a...
Despite empirical evidence that women’s presence in management positions is a source of value co-creation for firms, these positions are still male-dominated. Some evidence from experimental economics suggests that one reason for this imbalance is th...
Herbicides such as bentazon, diuron, and linuron are chemical compounds widely used in agriculture. This study uses previously published experimental adsorption data for bentazon, diuron, and linuron to inform process modeling and presents an industr...
How humans behave in repeated strategic interactions, how they learn, how their decisions adapt, and how their decision-making evolves is a topic of fundamental interest in behavioral economics and behavioral game theory [...]
In an increasingly changing world, critical thinking is one of the key skills that ensure organizations’ competitive advantage. Thus, in higher education institutions, there is an accelerating emphasis on developing critical thinking (CT) among...
We study strategic voting in a setting where voters choose from three options and Condorcet cycles may occur. We introduce in the electorate heterogeneity in preference intensity by allowing voters to differ in the extent to which they value the thre...
This paper reports an experiment evaluating the effect of gift giving on building trust. We have nested our explorations in the standard version of the investment game. Our gift treatment includes a dictator stage in which the trustee decides whether...
The field of water management is continually changing. Water has been subject to external shocks in the form of climate change and globalization. Water management analysis is subject to disciplinary developments and inter-disciplinary interactions. A...
This study investigates economic decision-making behaviors among welfare recipients in Miami, Florida, by leveraging well-established experimental protocols: the Guessing Game, the Prudence Measurement Task, the Risk Aversion Task, and the Stag Hunt...
This work addresses whether heterogeneity in player endowments influences investment decisions in common pool resource (CPR) games, shedding light on the relationship between inequality and economic decision making. We explore two theoretical avenues...
To identify dual-process reasoning in giving, we exposed experimental participants making a charitable donation to vivid images of the charity’s beneficiaries in order to stimulate affect. We hypothesized that the effect of an affective manipulation...
In the context of advancing the transformation and upgrading of grassland animal husbandry, encouraging and guiding the widespread adoption of livestock insurance plays an important role in promoting the sustainable development of the livestock indus...
In the second part of this paper (Part II), the potentials and characteristics of an industrial-scale Oxidative Coupling of Methane (OCM) process integrated with CO2-hydrogenation, ethane dehydrogenation, and methane reforming processes are highlight...
This paper presents a transient performance comparison of a flat-plate solar collector (FPSC) and a sun-tracked parabolic trough collector (PTC) with a double U-tube receiver. Both collectors were modeled using in-house transient mathematical models...
This study contextualizes the role of institutional frameworks in global economic transformations by evaluating how access to justice (ATJ)—as a key dimension of the broader rule-of-law environment—and judicial infrastructure shape macro-...
A solar-driven desalination system, featuring a single-slope solar still is studied here. For this design, Al2O3 nanofluid is utilized, and the condition achieving the highest efficiency and cost-effectiveness is found using a reinforcement learning...
The existing research on forestry infrastructure has focused on suggestions from other areas of forestry research: that forestry infrastructure should be completed and improved. However, research on forestry infrastructure is relatively rare. In the...
This study examined tourists’ preferences for the change in the quality of rural tourism resources in Korea. This study measured tourists’ satisfaction levels about their recent tourism experience in a stated preference mechanism to estimate the econ...
The transition toward decentralized energy systems has amplified interest in peer-to-peer electricity trading. However, research on prosumer behavior in such markets remains fragmented, hindered by a lack of benchmarkable experimental infrastructure....
The performance of Concentrating Photovoltaic and Thermal (CPV/T) systems is also linked to climatic conditions. In this paper, the main purpose is to determine the energy and economic performance of a line-focus CPV/T system used for a residential u...
The Golden Triangle Special Economic Zone (GTSEZ) in northwest Laos exemplifies an experimental governance model, where sovereign powers are partially privatized to drive economic development. Established in 2007 through a 99-year concession with the...
To reach the “30·60” decarbonization target (where carbon emissions start declining in 2030 and reach net zero in 2060), China is restructuring its power system to a new energy-based one. Given this new situation, this paper review...
This research study focuses on the social preference parameters and financial decisions among welfare populations receiving social benefits in Miami, Florida. Understanding the attitudes and primary motivations that shape financial decision-making is...
We identify and present Brazil’s most common behavioral and heuristic biases in judicial decision-making. Through bibliographic and specific cases, we notice the occurrence of the representativeness heuristic, availability heuristic, anchoring...
This research aims to ensure methodological conformance and to test the validity of its empirical application. To do so, the study analysed differentiation of the development patterns of four time-series variables. The relationships between greenhous...
This article is part of the debate on the economic evaluation of urban regeneration projects to be implemented through partnership forms between public and private subjects. It illustrates the results of the research activity carried out by the autho...
Nitrogen (N) response studies in rice (Oryza sativa L.) are conducted to provide grower recommendations with economically optimum N rates (EONRs). This study was conducted to determine if experimental design alters the predicted EONR for rice. The ef...
The increasing demand for sustainable energy and the need to reduce greenhouse gas emissions have strengthened interest in bioethanol as a renewable fuel. This study combined laboratory experimentation with process simulation to improve bioethanol pr...
High peak-hour energy consumption from air conditioning in commercial buildings creates significant operational costs and grid instability. This study experimentally investigates the thermo-economic performance of a vapor compression refrigeration sy...
Financial incentives in the form of payment for ecosystem services (PES) can encourage participation in voluntary conservation programs, but real-world experience with PES is limited for services such as the provision of endangered species habitats....
As one of the edible jellyfish species, Rhopilema esculentum (Kishinouye, 1891) is a traditional fishery resource and an important economic aquaculture species in China. However, facing the current situation of natural resources exhaustion and proble...
Shifting from conventional methods of food production to genetic modification methods benefits sustainable agri-food production and environmental preservation. However, one of the main problems genetically modified food manufacturers have ever had to...
Energy storage is considered a crucial unit in utilizing renewable energy sources, and compressed air energy storage (CAES) provides a cost-effective solution. It offers the benefits of zero pollution, a long lifespan, low maintenance costs, and mini...
An economic experiment was conducted in France in 2020 to evaluate consumer attitudes toward two ham products associated with different colorectal cancer risks. We focused specifically on comparing a conventional ham and a new hypothetical antioxidan...
This paper tests the hypothesis that a (partial) reason why cartels—collective but costly and non-binding price agreements—lead to higher prices in a Bertrand oligopoly could be because of a selection effect: decision-makers who are willing to form p...
We performed a laboratory study in France to explore consumer reactions to information about lentils, a legume whose consumption is sustainable and recommended by nutritionists and environmentalists. More specifically, we examined the effect of infor...
The rapid growth of PV generation in the distribution grid has necessitated PV curtailment to prevent overvoltage violations, and this has raised fairness issues as some are curtailed disproportionately to others. This paper proposes an adaptive PV c...
This paper addresses a central contradiction in dual-process theories of reasoning: identical tasks produce different outcomes under within-subjects and between-subjects experimental designs. Drawing on two prior studies that exemplify this divergenc...
19 June 2013
Rather than conforming to the assumption of perfect rationality in neoclassical economic theory, decision behavior has been shown to display a host of systematic biases. Properly understood, these patterns can be instrumentalized to improve outcomes...
The communication of participants to identify an acceptable bargaining outcome in the Nash bargaining game is all about fairness norms. Participants introduce fairness norms which yield a better outcome for themselves in order to convince the other p...
Pollinators provide critical ecosystems services vital to the production of numerous crops in the United States’ agricultural sector. However, the U.S. is witnessing a serious decline in the abundance and diversity of domestic and wild pollinators, w...
Relation-specific investments are usually associated with great risk. Investors, afraid of being held up, are likely to invest too little, endangering both financial and organizational sustainability. Theory suggests that relation-specific investment...
Microgreens are gaining increasing recognition among consumers, acclaimed for their freshness and health promoting properties associated with densely fortified secondary metabolites. These immature greens enhance human diet and enrich it with sharp c...
This study examines the effects of initial endowment size on individual behavior in a binary choice game with no dominant strategy. Subjects make decisions in two, theoretically identical sequences, differing in initial endowment levels only. Each de...
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