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When is some number really better than no number? On the optimal choice between non-market valuation methods

Munro, Alistair - Volkswirtschaftliche Fakultät, … - 2007

Decision-makers have a wide variety of competing and complementary methods for non-market valuation, but there is little formal advice on the choice of method. I offer a formal approach, using a loss function (the mean square error) to compare contingent valuation, Citizens'Jury and methods...

Persistent link: https://www.econbiz.de/10005836923

A note on the valuation of collective goods: overlooked input market free riding for non-individually incrementable goods

Graves, Philip E. - Volkswirtschaftliche Fakultät, … - 2009

initial incomes are implicitly–and wrongly–taken to be optimal. From a given income, the output demand revelation problem has … long been recognized–that there will be difficulty inferring true demands for public goods at that income (the traditional … individually increment a class of goods by increasing their income (e.g. public goods), they will have no incentive to generate the …

Persistent link: https://www.econbiz.de/10008493588

Impact of Environmental Dynamics on Economic Evolution: Uncertainty, Risk Aversion, and Policy

Nannen, Volker; den Bergh, Jeroen C. J. M. van; Eiben, A. E. - Volkswirtschaftliche Fakultät, … - 2008

The general question of how environmental dynamics affect the behavioral interaction in an evolutionary economy is considered. To this end, a basic model of a dynamic multi-sector economy is developed where the evolution of investment strategies depends on the diversity of investment strategies,...

Persistent link: https://www.econbiz.de/10005616819

Uncertainty and Information: An Expository Essay

Singh, Nirvikar - Volkswirtschaftliche Fakultät, … - 2010

This essay provides an elementary, unified introduction to resource allocation under uncertainty in competitive markets. The coverage includes decision-making under uncertainty, measuring risk and risk aversion, insurance and asset markets, and asymmetric information.

Persistent link: https://www.econbiz.de/10008529287

Estimating risk attitudes in conventional and artefactual lab experiments

Drichoutis, Andreas; Koundouri, Phoebe - Volkswirtschaftliche Fakultät, … - 2011

We elicit and compare risk preferences from student subjects and subjects drawn from the general population, using the multiple price list method devised by Holt and and Laury (2002). We find evidence suggesting that students have lower relative risk aversion than others.

Persistent link: https://www.econbiz.de/10008805476

Limited Liability and the Trade-off between Risk and Incentives

Kräkel, Matthias - Volkswirtschaftliche Fakultät, … - 2007

Several empirical findings have challenged the traditional trade-off between risk and incentives. By combining risk aversion and limited liability in a standard principal-agent model the empirical puzzle on the positive relationship between risk and incentives can be explained.

Persistent link: https://www.econbiz.de/10005785842

Participation in private retirement savings plans, 1997 to 2008

Moussaly, Karim - Volkswirtschaftliche Fakultät, … - 2010

. The retirement income system in Canada stands on both public and private retirement savings plans. This article describes …

Persistent link: https://www.econbiz.de/10008595913

The effects of Air Pollution on Health Status in Great Britain

Giovanis, Eleftherios; Ozdamar, Oznur - Volkswirtschaftliche Fakultät, … - 2014

This study explores the effects of air pollution on self-reported health status. Moreover, this study explores the willingness to pay for improving the air quality in UK. The estimates are based on data from the British Household Panel Survey (BHPS). The effects of air pollution on...

Persistent link: https://www.econbiz.de/10011210491

The Long-Run Consequences of Chernobyl: Evidence on Subjective Well-Being, Mental Health and Welfare

Danzer, Alexander M.; Danzer, Natalia - Volkswirtschaftliche Fakultät, … - 2014

This paper assesses the long-run toll taken by a large-scale technological disaster on welfare, well-being and mental health. We estimate the causal effect of the 1986 Chernobyl catastrophe after 20 years by linking geographic variation in radioactive fallout to respondents of a nationally...

Persistent link: https://www.econbiz.de/10011210874

Environmental attitude, motivations and values for marine biodiversity protection

Halkos, George; Matsiori, Steriani - Volkswirtschaftliche Fakultät, … - 2015

This study explores people’s environmental attitudes and motives for putting economic values to marine biodiversity and its protection. Primary data were collected from a sample of 359 people living in two important Greek coastal port cities: Thessaloniki and Volos. Respondents’...

Persistent link: https://www.econbiz.de/10011267880

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