HVOR VI SKAL I DAG

HHUiS SEMINAR ØKONOMI OG FINANS
Velkommen til åpent seminar onsdag 25. april kl 11:30 med Yohei Mitani fra Handelshøgskolen ved UMB

Tittel: Robustness Tests of Incentive Compatible Referenda: Consequential Probability, Group Size, and Value-cost Difference

Abstract: Consequentiality is getting considerable attention in the recent contingent valuation literature. This paper uses an induced-value experiment to provide robustness tests of the incentive compatibility of binary probabilistic referenda by varying consequential probability, group size, and net gain. Overall, we find strong support for the robustness of incentive compatibility of consequential contingent valuation referenda, in the sense that a small percentage (4%) of the total votes violated the condition. However, we find statistically significant systematic errors associated with a small consequential probability and a small, positive value-cost spread.

Seminaret finner sted i Ellen & Axel Lunds hus H-125 kl 11:30. Servering av vafler og kaffe.