Baker, Rachel; Robinson, Angela; Smith, Richard - In: Journal of Behavioral and Experimental Economics … 37 (2008) 4, pp. 1427-1442
Alongside a growing body of empirical research relating to willingness to pay (WTP) valuations of the environment, health and safety, there is mounting evidence of embedding, framing effects and other anomalies in responses. Gaining an understanding into how respondents arrive at WTP values is...