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
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)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:90832
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