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Ambient-Based Policy Instruments: The Role of Recommendations and Presentation

John Spraggon () and Robert Oxoby ()

Agricultural and Resource Economics Review, vol. 39, issue 2, 13

Abstract: We explore the effects of recommended play and the presentation of payoff information on behavior in an ambient-based policy instrument experiment. Specifically, we test the effects of recommended play (via a description of marginal decision making) and a payoff table on the behavior of individuals facing an ambient-based policy instrument. We find that recommended play and the presentation of a payoff table increases the use of the socially optimal strategy, thereby increasing efficiency. These results suggest that providing decision makers with a richer description of the decision making environment significantly reduces decision error, significantly improving the efficiency of ambient-based policy instruments.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
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Journal Article: Ambient-Based Policy Instruments: The Role of Recommendations and Presentation (2010) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:90832

DOI: 10.22004/ag.econ.90832

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