Instrument Choice and Motivation: Evidence from a Climate Change Experiment

Instrument Choice and Motivation: Evidence from a Climate Change Experiment

Are prices or quantities the best regulatory instrument to align private actions with public interests in the presence of externalities? We add another dimension to this ongoing debate by experimentally analyzing the interaction between instrument choice and intrinsic motivation of regulated agents. The response of subjects facing a trade-off between real CO2 emissions and private monetary payo...

Climate Change and Firm Valuation: Evidence from a Quasi-Natural Experiment

Université de Genève, Swiss Finance Institute, Geneva School of Economics and Management (GSEM), and Geneva Finance Research Institute (GFRI), Bd du Pont d’Arve 40, 1211 Geneva 4, Switzerland; [email protected]; Telephone: +41 (0)22 379 85 69. For comments and suggestions, I am grateful to seminar participants at the University of Piraeus, participants of the 2015 Oklahoma University Ene...

Career choice and climate change

Nitrogen regulation of the climate-carbon feedback: evidence from a long-term global change experiment.

Modeling studies have shown that nitrogen (N) strongly regulates ecosystem responses and feedback to climate warming. However, it remains unclear what mechanisms underlie N regulation of ecosystem-climate interactions. To examine N regulation of ecosystem feedback to climate change, we have conducted a warming and clipping experiment since November 1999 in a tallgrass prairie of the Great Plain...

Fair Wages and Effort Provision: Combining Evidence from a Choice Experiment and a Field Experiment

T presence of workers who reciprocate higher wages with greater effort can have important consequences for firms and labor markets. Knowledge about the extent and determinants of reciprocal effort choices is, however, incomplete. We investigate the role of fairness perceptions and social preferences in a field experiment in which workers were hired for a one-time job. We show that workers who p...