Showing 1 - 10 of 93
This paper reports the results of a stated preference study investigating the Willingness-to-pay (WTP) of employees at the Amsterdam Zuidas for the presence of non-shopping and shopping facilities. The Amsterdam Zuidas area, surrounding the current train-metro-tram station Amsterdam Zuid...
Persistent link: https://www.econbiz.de/10005137182
Conventional hedonic analysis measures willingness to pay for attributes on the basis of marginal fixed costs. We argue that in many cases variable costs are also affected by these attributes and that this should be taken into account. We develop a simple model to show that the marginal...
Persistent link: https://www.econbiz.de/10008838606
Consequences of network externalities, such as product growth and innovation diffusion, are widely studied in marketing literature. However, there is little empirical research that examines the existence of such network externalities in consumer behavior. When and how do consumers take into...
Persistent link: https://www.econbiz.de/10011072347
A foundation is provided for a correct and accurate analysis of the relationship between monetary values and physical dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a classification is offered of various types of...
Persistent link: https://www.econbiz.de/10005504911
The authors argue that it is possible to break the demand for films into two types: the underlying demand accounted for … by audiences’ behaviours owing to events outside the film industry (vacations, climate, etc.); and demand due to the … studios exploit peaks in demand. Such agglomeration increases seasonality and could lead studios to overestimate the true …
Persistent link: https://www.econbiz.de/10010708168
cumulative prospect theory (CPT). We show that the computation of demand for a contingent claim when utilities are within that …
Persistent link: https://www.econbiz.de/10011073758
This paper investigates the impact of health risk on insurance contract with hazard moral. We use a bi …-dimensional utility function (wealth and health status). We prove that the type of health risk influences the equilibrium of insurance …
Persistent link: https://www.econbiz.de/10010861615
worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level …
Persistent link: https://www.econbiz.de/10005144432
advanced. The obligation to pay of bride wealth is seen as informal insurance which relies on the fact that bride wealth … insurance mechanisms, bride wealth qualifies as an important security enhancing institution: the arrangement covers nearly the … involved are large and the period of time during which the claims provide security long. Like any informal insurance …
Persistent link: https://www.econbiz.de/10005144474
It is often assumed that transfers received from governments, nongovernment organizations (NGOs), friends and relatives help rural households to pool risk. In this paper I investigate two functions of transfers in Ethiopia: risk pooling and income redistribution. Unlike most of the literature...
Persistent link: https://www.econbiz.de/10005144479