Price discrimination is the practice of charging different consumers different prices for the same good, where the price difference cannot be accounted for by differences in cost. The ability to price discriminate enables a seller to charge buyers prices that more closely approximate their willingness-to-pay for the item. By price discriminating, sellers are able not only to maximize their own ...

Prices for goods such as blades for razors, ink for printers and concessions at movies are often set well above cost. Theory has shown that this could yield a profitable price discrimination strategy often termed “metering.” The idea is that a customer’s intensity of demand for aftermarket goods (e.g. the concessions) provides a meter of how much the customer is willing to pay for the primary g...

According to research, between 15 to 20 percent of the total energy consumption of every country is used for residential spaces. This amount is explanatory of the high cost and will follow the destruction of natural resources and environmental demolition. The aim of this research is to recognize earth thermal ability and its usage in public buildings and especially in private buildings in order...

Environmental public goods--including national parks, clean air/water, and ecosystem services--provide substantial benefits on a global scale. These goods have unique characteristics in that they are typically "nonmarket" goods, with values from both use and passive use that accrue to a large number of individuals both in current and future generations. In this study, we test the hypothesis tha...

In an environment in which free-riders are better off than cooperators, social control is required to foster and maintain cooperation. There are two main paths through which social control can be applied: punishment and reputation. Our experiments explore the efficacy of punishment and reputation on cooperation rates, both in isolation and in combination. Using a Public Goods Game, we are inter...