Virginia's NOx Allowance Auction

A working paper on the design of Virginia's 2004 Nitrous Oxide allowance auctions. The State contracted with four experimental economists to research alternative auction designs with the aim of maximizing revenue. The selected design ultimately raised over $10.5 million; 19% above the State's target revenue.

An Experimental Study of Incentive Pay

A working paper using experimental economics to test the impact of different pay schemes on the level of effort employees exert. The executive summary is available below.

Executive Summary: Incentive pay

The executive summary of a working paper using experimental economics to test the impact of different pay schemes on the level of effort employees exert.

Internal Markets

This working paper from the early years of efforts to articulate MBM in practice offers a great deal of practical insights into the functioning of internal markets.