Advance Production in Experimental Markets

1988 ◽  
Vol 55 (4) ◽  
pp. 641 ◽  
Author(s):  
Stuart Mestelman ◽  
Douglas Welland
2016 ◽  
Vol 29 (1) ◽  
pp. 57-75 ◽  
Author(s):  
Jason L. Brown ◽  
Donald V. Moser

ABSTRACT Shareholder litigation is an important part of the regulation of securities markets that can influence corporate managers' reporting behavior. Prior research shows that conventional economic factors affect investors' litigation decisions. We use experimental markets to examine whether investors engage in costly litigation even without a direct financial incentive to do so and whether this affects managers' reporting decisions and managers' and investors' welfare. We find that investors frequently litigate when they can impose a financial penalty on managers for misreporting even though they cannot recover their legal fees or receive restitution for their losses. Moreover, this deters managers' shirking and misreporting and improves managers' and investors' welfare almost as effectively as when investors can recover their legal fees and receive restitution for their losses. Overall, our results indicate that, in addition to financial incentives, investors' desire to punish misreporting plays an important role in their litigation decisions, and that may yield substantial welfare benefits.


2000 ◽  
Author(s):  
Stephen NMI Martin ◽  
Hans Theo Normann ◽  
Christopher M. Snyder

1993 ◽  
Vol 22 (2) ◽  
pp. 117-129 ◽  
Author(s):  
Jason F. Shogren

Experimental markets can be a useful tool to guide and evaluate environmental policy. This paper reviews four experiments to illustrate. Two institutional experiments are considered—Coasian bargaining with positive transaction costs, and a gaming experiment of dynamic choice in a conflict. Two valuation experiments are also discussed—the impact of sequential reduction mechanisms on the value of risk, and experimental auction markets to elicit the value of safer food.


2014 ◽  
Vol 24 (42) ◽  
pp. 139-154
Author(s):  
Lucy Ribeiro Ayach ◽  
Vitor Matheus Bacani ◽  
Jaime Ferreira Da Silva

Diante do avanço da produção econômica no Brasil e os consequentes impactos sobre os recursos naturais, a criação do Sistema Nacional de Unidades de Conservação – SNUC, Lei 9.985/2000, determina importantes normatizações e incentivo às medidas de conservação de áreas naturais dos diferentes ecossistemas brasileiros, na busca da difícil compatibilização do desenvolvimento econômico com a proteção à natureza. No estado de Mato Grosso do Sul, município de Aquidauana, as medidas de proteção ambiental são essenciais em virtude das características peculiares do ecossistema Pantanal. Com o objetivo de levantar informações acerca das condições ambientais das Unidades de Conservação no Município de Aquidauana-MS, o estudo propõe uma análise preliminar da evolução do uso da terra e cobertura vegetal das Unidades de Conservação que abrangem a área do Pantanal, referente ao período de 1987 a 2012. Os procedimentos metodológicos adotados consistiram no levantamento bibliográfico, cartográfico, iconográfico e da legislação existente, bem como análise da legislação. Os resultados indicam considerável preocupação em relação ao avanço da pecuária e consequente perda da vegetação nativa, implicando na necessidade urgente de monitoramento e  gestão ambiental para medidas de conservação do Pantanal. Palavras-Chave: Pantanal; Unidades de Conservação; Gestão ambiental AbstractAs a result of the economical advance production in Brazil and the consequent impacts on natural resources, the creation of the Conservation Units National System – SNUC, Law 9.985/2000, determinates important regulations and incentive to the conservation rules for natural areas in the different Brazilian ecosystem, seeking to have the difficult compatibility between economical development and the nature protection. In the state of Mato Grosso do Sul, municipality of Aquidauana, the environmental protection measures are essential due to the singular characteristics of the Pantanal ecosystem. Aiming to collect information about the environmental conditions of the Conservation Units in the municipality of Aquidauana-MS, the study proposes a preliminary analysis of the evolution of the land use and vegetal coverage in the Conservation Units that include the wetlands of Pantanal, referring to the periods from 1987 to 2012. The methodological procedures adopted consisted of literature, cartographical and iconographical survey as well as the existing legislation study. The results indicate considerable concern about the cattle breeding rise and eventual loss of the native vegetation, implying the urgent necessity of monitoring and environmental management for Pantanal conservation measures. Keywords: Pantanal; Conservation Units; Environmental Management. 


2020 ◽  
Author(s):  
Brice Corgnet ◽  
Cary Deck ◽  
Mark DeSantis ◽  
David Porter
Keyword(s):  

2003 ◽  
Vol 51 (6) ◽  
pp. 838-850 ◽  
Author(s):  
Michal Hlaváček ◽  
Adam Geršl ◽  
Tomáš Cahlík ◽  
Michael Berlemann
Keyword(s):  

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