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The dead-anyway effect revis(it)ed
Breyer, Friedrich; Felder, Stefan - 2002
risk increases with the initial level of risk. Their reasoning is based on differences in the marginal utility of wealth …: first, for a risk-averse individual without a bequest motive, marginal WTP for survival does increase with the level of risk … initial risk on WTP for survival is reversed: the higher initial risk the lower the value of a statistical life. …
Persistent link: https://www.econbiz.de/10011514002
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The value of a statistical life under ambiguity aversion
Treich, Nicolas (contributor) - 2008
Persistent link: https://www.econbiz.de/10003688959
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Buying and selling risk : an experiment investigating evaluation asymmetries
Güth, Werner; Ploner, Matteo; Soraperra, Ivan - 2014
Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...
Persistent link: https://www.econbiz.de/10010229862
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Limited substitutability, relative price changes and the uplifting of public natural capital values
Drupp, Moritz A.; Turk, Zachary M.; Groom, Benjamin; … - 2024
While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown how such shifts in relative scarcities can be reflected in project appraisal and environmental-economic accounting, but empirical evidence has been sparse to put theory into...
Persistent link: https://www.econbiz.de/10014551808
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Willingness to pay for workplace safety
Anelli, Massimo; Koenig, Felix - 2021
. We track hourly workers who face the decision of how many hours to work at varying levels of Covid-19 risk and leverage …
Persistent link: https://www.econbiz.de/10012697149
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Willingness-to-pay and willingness-to-accept are probably less correlated than you think
Chapman, Jonathan; Ortoleva, Pietro; Snowberg, Erik; … - 2017
of WTA and WTP are strongly related to different measures of risk aversion, and relatively stable across time. These …
Persistent link: https://www.econbiz.de/10011658031
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"Institutionalization aversion" and the willingness to pay for home health care
Costa-Font, Joan - 2017
We examine the presence of a systematic preference for independent living at old age which we refer as "institutionalization aversion" (IA). Given that IA is not observable from revealed preferences, we draw on a survey experiment to elicit individuals' willingness to pay (WTP) to avoid...
Persistent link: https://www.econbiz.de/10011742523
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The demand for global and local environmental protection : experimental evidence from climate change mitigation in Beijing
Löschel, Andreas; Pei, Jiansuo; Sturm, Bodo; Wang, Ran; … - 2018
In this study, the real demand for global and local environmental protection in Beijing, China, is elicited and investigated. Participants from Beijing were offered the opportunity to contribute to voluntary climate change mitigation by purchasing permits from two Chinese CO2 emissions trading...
Persistent link: https://www.econbiz.de/10011822023
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The value of national defense : assessing public preferences for defense policy options
Qari, Salmai; Börger, Tobias; Lohse, Tim; Meyerhoff, … - 2023
Defense spending accounts for a large share of the budget in many countries, but the value of the resulting public good - national defense - has so far escaped assessment. Much of the literature has instead considered indirect benefits of defense spending in terms of greater economic growth or...
Persistent link: https://www.econbiz.de/10014450765
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Testing willingness to pay elicitation mechanisms in the field : evidence from Uganda
Burchardi, Konrad; De Quidt, Jonathan; Gulesci, Selim; … - 2021
Researchers frequently use variants of the Becker-DeGroot-Marschak (BDM) mechanism to elicit willingness to pay (WTP). These variants involve numerous incentive-irrelevant design choices, some of which carry advantages for implementation but may deteriorate participant comprehension or trust in...
Persistent link: https://www.econbiz.de/10012437865