Abstract
dc:description.abstractThis dissertation includes two chapters. The first presents a new auction mechanism designed for conservation programs. Individuals compensated for conserving their land often extract substantial profits from the government or non-governmental agency funding the conservation program. These rents limit the amount of land which can be conserved, which decreases total surplus for society. The new auction mechanism, the Provision Point Reverse Auction, was designed to mitigate this rent-seeking behavior. This paper presents both theoretical and experimental evidence to substantiate the efficacy of the mechanism. The second chapter considers the effect that preference uncertainty may have on two commonly observed behavioral anomalies: exchange asymmetries and the willingness-to-accept/willingness-to-pay disparity. This paper provides both theoretical and experimental evidence which suggests that uncertainty in preferences can explain at least part of these behavioral anomalies. The experiments rely on chocolate and a ``taste'' treatment, where individuals in a treatment group are allowed to taste a small amount of chocolate before making their trade or valuation decisions.
Degree
thesis:*- Name thesis:degree_name
- Ph. D., Applied Economics and Management
- Level thesis:degree_level
- Doctor of Philosophy
- Discipline thesis:degree_discipline
- Applied Economics and Management
- Grantor
- Cornell University
- Year dc:date.issued
- 2018
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Otto, Steven
- Committee members dc:contributor.committeemember
-
- Schulze, William D.
- Ortiz Bobea, Ariel
- Messer, Kent Donald
Subjects
dc:subject × 6Rights
- Language dc:language.iso
- en_US
Identifiers
dc:identifier.*- Dc Identifier Other
-
ProQuest Submission ID: 10942
ProQuest Publication ID: 10840538 - OAI identifier oai:identifier
- oai:ecommons.cornell.edu:1813/59517