The Experts below are selected from a list of 282 Experts worldwide ranked by ideXlab platform
Axel Ockenfels - One of the best experts on this subject based on the ideXlab platform.
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does laboratory trading mirror behavior in real World Markets fair bargaining and competitive bidding on ebay
Journal of Economic Behavior and Organization, 2014Co-Authors: Gary E Bolton, Axel OckenfelsAbstract:Abstract Laboratory market experiments observe a sharp dichotomy between (selfish) competitive behavior and fair-minded social behavior depending on competitive conditions. While the dichotomy is consistent with social preference theory, the often advanced hypothesis that social behavior is an artifact of laboratory conditions has not heretofore been ruled out. We tested these competing hypotheses in a field experiment on eBay conducted with experienced traders. The buyer behavior we observe strongly confirms the social preference hypothesis. Also, the behavioral patterns in the field experiment mirror fully naturally occurring trading patterns in the market. For instance, some sellers do not use their commitment power as predicted by theories of both selfish and social behavior, with the pattern of deviation reflecting traders’ market experience outside the experiment.
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does laboratory trading mirror behavior in real World Markets fair bargaining and competitive bidding on ebay
2008Co-Authors: Gary E Bolton, Axel OckenfelsAbstract:We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory behavior is robust to institutionally complex real World Markets with experienced traders, who selected themselves into these Markets. EBay’s natural trading system provides bridges between lab and field environment that can be exploited to explore differences in behavior in the two environments. We find that many sellers do not make use of their commitment power as predicted by standard theories of both selfish and social behavior. However, a concern for equity strongly affects outcomes and reputation building in bilateral bargaining, while buyer competition effectively masks this concern and robustly yields equilibrium outcomes. The dichotomy of behaviors mirrors observations in laboratory research. Furthermore, we find that behavioral patterns in the field experiment mirror fully naturally occurring trading patterns in the market.
L Dusonchet - One of the best experts on this subject based on the ideXlab platform.
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stationary battery systems in the main World Markets part 1 overview of the state of the art
International Conference on Environment and Electrical Engineering, 2017Co-Authors: E Telaretti, L DusonchetAbstract:The role of energy storage systems (ESSs) is becoming more and more important in modern power grids, mainly because of the higher penetration of intermittent renewable energy sources (RESs), such as solar and wind power, spurred by advantageous support policies carried out in several countries. The fluctuation nature of the energy produced by RESs is indeed leading to emerging power quality issues or to renewable curtailments. ESSs can be used to balance generation and demand of electricity over time, allowing a higher penetration of RESs into the power network. The energy storage industry is evolving rapidly, and new electrochemical technologies are entering the market. Besides, most electrochemical technologies have a high cost reduction potential and they will probably attract more and more attention in the scientific, industrial and political context. This paper is the first of a two part series, aiming to provide an overview of stationary battery systems in the major World Markets, identifying the ESS technologies most widely used in each storage market. In this first paper, an overview of the state-of-the-art in electrochemical storage systems is provided and the positions of some World Markets on the development of ESSs is shown. Furthermore, a description of the main ESS technologies used in stationary applications is carried out and the main trends are also identified, with reference to the main electrochemical technologies currently spread in the main World Markets. This has been done analyzing the U.S. Department of Energy (DOE) storage database, containing details about electrochemical projects installed in each country. The analysis carried out in this work could help stakeholders to assess the impact of energy storage policies in different countries, identifying the future trends and the most promising Markets around the World.
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stationary battery systems in the main World Markets part 2 main trends and prospects
International Conference on Environment and Electrical Engineering, 2017Co-Authors: E Telaretti, L DusonchetAbstract:Stationary battery systems are gaining a lot of interest in recent years, mainly because of their ability to balance generation and demand of electricity over time. The intermittent nature of renewable generation connected to the power grid is causing major stability and reliability issues in the power system, that can be solved also using stationary storage systems, able to provide the ancillary services necessary to the proper operation of the power network. Despite the considerable advantages offered by these technologies, the electrochemical storage industry is still in the nascent state and it is important to identify the main trends and prospects in relation to future technical developments, regulatory landscape and future commercial models. This paper is the second of a two-part series, aiming to provide an overview of stationary battery systems in the major World Markets, identifying the applications most widely used in each storage market. In this second paper, a country overview is provided for each of the selected Markets, in terms of policy regulations, subsidy programs and storage installations. The main trends are also identified, with reference to the viable use cases currently spread in the main World Markets. This has been done analyzing the U.S. Department of Energy (DOE) storage database, containing details about electrochemical projects installed in each country. The analysis carried out in this work could help stakeholders to assess the impact of energy storage policies in different countries, identifying the future trends and the most promising Markets around the World.
Gary E Bolton - One of the best experts on this subject based on the ideXlab platform.
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does laboratory trading mirror behavior in real World Markets fair bargaining and competitive bidding on ebay
Journal of Economic Behavior and Organization, 2014Co-Authors: Gary E Bolton, Axel OckenfelsAbstract:Abstract Laboratory market experiments observe a sharp dichotomy between (selfish) competitive behavior and fair-minded social behavior depending on competitive conditions. While the dichotomy is consistent with social preference theory, the often advanced hypothesis that social behavior is an artifact of laboratory conditions has not heretofore been ruled out. We tested these competing hypotheses in a field experiment on eBay conducted with experienced traders. The buyer behavior we observe strongly confirms the social preference hypothesis. Also, the behavioral patterns in the field experiment mirror fully naturally occurring trading patterns in the market. For instance, some sellers do not use their commitment power as predicted by theories of both selfish and social behavior, with the pattern of deviation reflecting traders’ market experience outside the experiment.
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does laboratory trading mirror behavior in real World Markets fair bargaining and competitive bidding on ebay
2008Co-Authors: Gary E Bolton, Axel OckenfelsAbstract:We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory behavior is robust to institutionally complex real World Markets with experienced traders, who selected themselves into these Markets. EBay’s natural trading system provides bridges between lab and field environment that can be exploited to explore differences in behavior in the two environments. We find that many sellers do not make use of their commitment power as predicted by standard theories of both selfish and social behavior. However, a concern for equity strongly affects outcomes and reputation building in bilateral bargaining, while buyer competition effectively masks this concern and robustly yields equilibrium outcomes. The dichotomy of behaviors mirrors observations in laboratory research. Furthermore, we find that behavioral patterns in the field experiment mirror fully naturally occurring trading patterns in the market.
Joseph A Dimasi - One of the best experts on this subject based on the ideXlab platform.
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returns on research and development for 1990s new drug introductions
PharmacoEconomics, 2002Co-Authors: Henry G Grabowski, John M Vernon, Joseph A DimasiAbstract:Background: Previously published research by the authors found that returns on research and development (RD indications that RD new market strategies of major firms aimed at simultaneous launches across World Markets; and the increased attention focused on the pharmaceutical industry in the political arena.
Michael Waldman - One of the best experts on this subject based on the ideXlab platform.
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durable goods theory for real World Markets
Journal of Economic Perspectives, 2003Co-Authors: Michael WaldmanAbstract:The early 1970s witnessed three major advances in durable-goods theory--Swan (1970, 1971) and Sieper and Swan (1973) on optimal durability, Coase (1972) on time inconsistency, and Akerlof (1970) on adverse selection. This paper surveys durable goods theory starting with these three contributions, where much of the focus is on recent literature and on models that explain real-World phenomena. In addition to the ideas found in the contributions of Swan, Coase, and Akerlof, topics covered include why producers sometimes practice "planned obsolescence," the role of adverse selection in new-car leasing, and reasons for aftermarket monopolization.
