The Advantage of Resource Queues over Spot Resource Markets: Decision Coordination in Experiments under Resource Uncertainty
研究了农民在不确定水资源分配下如何协调种植决策,通过巴西农村和英国大学的实验发现,事前队列比事后现货市场能更好地实现协调成功。
Farmers have to make key decisions, such as which crops to plant or whether to prepare the soil, before knowing how much water they will get. They face losses if they make costly decisions but do not receive water, and they may forego profits if they receive water without being prepared. We consider the coordination of farmers’ decisions, such as which crops to plant or whether to prepare the soil when farmers must divide an uncertain water supply. We compare ex‐ante queues (pre‐decision) to an ex‐post spot market (post‐decision & post‐rain) in experiments in rural Brazil and a university in England. Queues have greater coordination success than does the spot market.