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Connective financing Chinese infrastructure projects and the diffusion of economic activity in developing countries
Bluhm, Richard; Dreher, Axel; Fuchs, Andreas; Parks, Bradley - 2020
This paper studies the causal effect of transport infrastructure on the spatial concentration of economic activity …
Persistent link: https://www.econbiz.de/10012226698
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Institutional architecture for financing Pan-Asian infrastructure connectivity
Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2017
trade-driven growth through increased intraregional infrastructure connectivity and regional economic integration. In 1992 … connectivity as well as infrastructure financing needs in Asia. It also examines the nature and characteristics of existing and new … an institutional architecture consisting of new "Asian Infrastructure Coordination Facility (AICF)" involving major …
Persistent link: https://www.econbiz.de/10011638303
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The dead-anyway effect revis(it)ed
Breyer, Friedrich; Felder, Stefan - 2002
In the expected-utility theory of the monetary value of a statistical life, the so-called dead-anyway effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk. Their...
Persistent link: https://www.econbiz.de/10011514002
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The long-run evolution of infrastructure services
Goldsmith, Hugh - 2014
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and … positive feedback between early capital market development and investment in infrastructure innovations that lowered system …-wide transaction costs has been a critical factor in sustaining growth since 1800. The paper sets out a model of infrastructure …
Persistent link: https://www.econbiz.de/10010434094
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Private capital, public goods : forest plantations' investment in local infrastructure and social services in rural Tanzania
Degnet, Mohammed B.; Van der Werf, Edwin; Ingram, Verina; … - 2017
by NGOs and researchers alike. This study investigates the impacts of private forest plantations on local infrastructure … regression model with observations of the size and quality of infrastructure and social services in the villages and with … infrastructure and social services in adjacent villages. The results suggest that large-scale private forest plantations can …
Persistent link: https://www.econbiz.de/10011735970
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Relative price changes of ecosystem services : evidence from Germany
Heckenhahn, Jonas; Drupp, Moritz A. - 2022
Discounting future costs and benefits is a crucial yet contentious practice in the appraisal of long-term public projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily substitutable with manufactured goods and often exhibit...
Persistent link: https://www.econbiz.de/10013168021
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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
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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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Willingness-to-pay and willingness-to-accept are probably less correlated than you think
Chapman, Jonathan; Ortoleva, Pietro; Snowberg, Erik; … - 2017
Willingness to pay (WTP) and willingness to accept (WTA) a monetary amount for a lottery should be closely related. In data from an incentivized survey of a representative sample of 3,000 U.S. adults, we find that WTA and WTP for a lottery are, at best, weakly correlated. Across all respondents,...
Persistent link: https://www.econbiz.de/10011658031