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The Endowment Effect in a Public Good Experiment

Lopez, Edward J.; Nelson, W. Robert - EconWPA - 2005

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...

Persistent link: https://www.econbiz.de/10005124956

The Impacts of Taste, Location of Origin, and Health Information on Market Demand for Sweet Potatoes

Nalley, Lanier; Hudson, Darren; Parkhurst, Greg - EconWPA - 2004

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...

Persistent link: https://www.econbiz.de/10005062720

Semiparametric Estimation of Willingness to Pay Distributions

An, Mark Yuying - EconWPA - 1996

Persistent link: https://www.econbiz.de/10005407977

Dying in an Avalanche: Current risks and Valuation

Leiter, Andrea M.; Pruckner, Gerald J. - EconWPA - 2005

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...

Persistent link: https://www.econbiz.de/10005550931

Unit income elasticity of the value of travel time savings

Fosgerau, Mogens - EconWPA - 2005

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...

Persistent link: https://www.econbiz.de/10005556242

PROPERTY CONSCIOUSNESS AND THE DIFFERENCE BETWEEN WTP AND WTA

Shastri, Rahul - EconWPA - 2005

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...

Persistent link: https://www.econbiz.de/10005556965

Curbside Recycling: Waste Resource or Waste of Resources?

Aadland, David; Caplan, Arthur J. - EconWPA - 2003

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...

Persistent link: https://www.econbiz.de/10005118870

Metodología estadística para estudios de Disponibilidad a Pagar (DAP) aplicada a un proyecto de Abastecimiento de Agua

romero, adela parra; franco, viviana vargas; palma, … - EconWPA - 2005

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...

Persistent link: https://www.econbiz.de/10005119167

THE HIDDEN COSTS AND RETURNS OF INCENTIVES — TRUST AND TRUSTWORTHINESS AMONG CEOs

Fehr, Ernst; List, John A. - EconWPA - 2004

situations requiring trust and trustworthiness. As a control we compare the behavior of CEOs with the behavior of students. We …. However, the availability of penalizing incentives also creates hidden returns: if a principal expresses trust by voluntarily … threat is not available. Thus trust seems to reinforce trustworthy behavior. Overall, trustworthiness is highest if the …

Persistent link: https://www.econbiz.de/10005076520

Sustaining Cooperation in trust Games

McCabe, Kevin; Rigdon, Mary; Smith, Vernon - EconWPA - 2004

-person trust game. Players are typed based on their recent track record as whether or not they are trusting (Players 1) and whether …

Persistent link: https://www.econbiz.de/10005125594