I Ncentives in P Ublic G Oods E Xperiments : I Mplications for the E Nvironment


This paper reports results of an experiment designed to evaluate the effects of externalities by altering the costs and benefits of an investment that corresponds to pollution abatement. In this experiment, a person can make an investment with a private (internal) return that does not cover the investment cost, but with a public (external) return that makes… (More)


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