The eighteenth-century introduction of the scientific method of the natural sciences to the study of social phenomena draws a line between moral philosophy Ethat aspect of ancient and medieval philosophy that dealt with social issues Eand the social sciences as known today. From the onset, the...

This paper examines the influence of implicit information associated with the occurrence of avalanches on willingness to pay (WTP) values for a risk prevention of dying in an avalanche. We present results of a contingent valuation (CV) study carried out in Austria in two different periods (fall...

The paper presents an analysis of the income elasticity of the value of travel time savings (VTTS). It expands on previous micro-econometric estimates of the VTTS on binary choice experimental data by accounting for income taxes, for the dependence of trip length on income and for the stochastic...

It is well known in Environmental Economics that payment offered on the Willingness to Pay (WTP) principle is much smaller than the compensation demanded on the Willingness to Accept (WTA) principle. Payment under WTP goes into the environment and is communally enjoyed, whereas compensation...

Previous tests of the endowment effect have usually observed WTA-WTP disparities. Here, a public good experiment is employed. Both account framing and duration framing treatments are introduced to alter subjects’ perceived control over an initial endowment. Results do not indicate that...

Location of product origin is an often-used marketing device by retailers. This approach is based on the assumption that location of origin signals something to consumers about the underlying quality (or other attributes) of the product. This can be an effective strategy if the signal matches...

In this paper, we estimate the social net benefits of curbside recycling. Benefits are estimated using survey data on household willingness to pay (WTP) from over 4,000 households across 40 western U.S. cities. We calibrate WTP for hypothetical bias using an experimental design that contrasts...

Los estudios de DAP han sido implementados en el sector de Agua potable y saneamiento (AAS), como una herramienta que ayuda a determinar con mayor acierto la viabilidad financiera ex-ante de proyectos de abastecimiento de agua y saneamiento básico, y en un sentido más amplio promover un mejor...

Current analysis addresses an apparently critical issue of wealth circulation in the society. In the form of three persons game, we put the welfare-related burden on taxpayers. The Negotiator No.1 stands up for citizens’ legal and moral right to social services. The Negotiator No.2 proceeds...