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SEMINAR: Economics Research Seminar

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Today's date is Friday, March 29, 2024
Economics Research Seminar : Three Hits on a Nut Hard to Crack: Evaluating Auction Data from the Field Other events...
By design, competitive tenders are used when costs are unknown. But if costs are unknown, how can we evaluate the tenders, when their evaluation involves measuring their cost-efficiency? We identify three approaches: theoretical, empirical and experimental. We first use experimental data to compare the efficiency of each approach,then apply the most efficient one to field data from the Scottish fishing vessel decommissioning program. We estimate the potential errors one would make in using a less efficient approach. More generally,we demonstrate a novel use of controlled lab experiments for interpreting field data and evaluating policy effectiveness.
Speaker(s) Associate Professor Steven Schilizzi, UWA Agricultural and Resource Economics
Location Business School: 1.01 - Don Voelte & Nancy Keegan Case Study Room
Contact Professor Anu Rammohan <[email protected]> : ABSTRACT:
Start Fri, 02 Nov 2012 12:00
End Fri, 02 Nov 2012 13:00
Submitted by Anna Wiechecki <[email protected]>
Last Updated Mon, 29 Oct 2012 12:14
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