Showing 1 - 10 of 23
-WTP explicitly allows for preference uncertainty in responses. Using data from two novel large-scale surveys on the perception of …
Persistent link: https://www.econbiz.de/10010960599
In this paper we experimentally investigate the disparity between willingness-to-accept (WTA) and willingness-to-pay (WTP) for risky lotteries. The direction of the income effect is reversed by endowing subjects with the highest price of a lottery when asking the WTP question. Our results show...
Persistent link: https://www.econbiz.de/10010956013
. The second part of the paper emphasises model uncertainty, which is indeed immense but generally neglected in the … problem: model uncertainty. The questions which factors are more fundamental in explaining growth dynamics and hence growth … are promising but have their own limits. Finally, the paper highlights the implications of model uncertainty for policy …
Persistent link: https://www.econbiz.de/10009294882
The number of studies published focusing on people’s preferences for green electricity has increased steadily, making it more and more difficult to identify key explanatory factors that determine people’s willingness-to-pay (WTP). Based on results of a meta-regression our results indicate...
Persistent link: https://www.econbiz.de/10010886910
Following a major earthquake off the Pacific coast of Japan, a tsunami disabled the power supply and cooling of three reactors in Fukushima, causing a major nuclear accident on 11 March 2011. Based on a quasi-experimental difference-in-differences approach we use panel data for 5,979 individuals...
Persistent link: https://www.econbiz.de/10010887000
Accounting for socioeconomic and demographic variables as well as country specific effects, households’ willingness to pay for changes in climate is revealed using European data on reported life satisfaction. Individuals located in areas with lower average levels of sunshine and higher average...
Persistent link: https://www.econbiz.de/10009132528
frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …
Persistent link: https://www.econbiz.de/10010955710
. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …
Persistent link: https://www.econbiz.de/10010956064
An important question for central banks is how they should report the uncertainty of their forecasts. This paper … discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single …
Persistent link: https://www.econbiz.de/10010956134
that the social cost of carbon, corrected for uncertainty and inequity, is 61 US dollar per metric tonne of carbon. …
Persistent link: https://www.econbiz.de/10005083362