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Titlebook: Behavioural and Experimental Economics; Steven N. Durlauf,Lawrence E. Blume Book 2010 Palgrave Macmillan, a division of Macmillan Publishe

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coordination problems and communication,her. Common knowledge of a language must precede communication. Even with common knowledge of a language, individuals may not be bound to do what they say they will do. In such circumstances, talk is ‘cheap’.
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field experiments,t, allowing us to establish causality rather than mere correlation. In relation to a laboratory experiment, a field experiment potentially gives up some of the control that a laboratory experimenter may have over her environment in exchange for increased realism.
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Masters of Image: China and the World,e decision rules that will help move an economy towards efficient resource allocation in the face of market failure, for example, externalities, non-rival consumption, non-excludable net benefits, nonconvexities and asymmetric information (see Hanley, Shogren and White, 2007).
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experimental methods in environmental economics,e decision rules that will help move an economy towards efficient resource allocation in the face of market failure, for example, externalities, non-rival consumption, non-excludable net benefits, nonconvexities and asymmetric information (see Hanley, Shogren and White, 2007).
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Tomas Kačerauskas,Algis Mickūnasmises involving individual transitivity, aggregate Pareto optimality and non-dictatorship there is no collective choice mechanism that yields a socially transitive outcome. Such a finding is startling given the confidence placed in democratic institutions that rely on voting mechanisms to choose a single outcome from many possible outcomes.
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