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Tout est au mieux dans ce meilleur des ménages possibles The Pangloss critique of equivalence scales

Lind, Jo Thori - 2001

A common approach to defining equivalence scales is to consider a household modelled as if it maximizes a single utility function. This may be founded on an assumption of the household maximizing a welfare function of individual utilities. For a positive analysis of the household, this may be...

Persistent link: https://www.econbiz.de/10011968066

Revealing Demand for Nature Experience Using Purchase Data of Equipment and Lodging

Larsen, Erling Røed - 2001

In 1967, John Krutilla suggested a relationship between car camping, canoe cruising, and cross-country skiing and induced demand for wild, primitive, and wilderness-related opportunities. Here, the time trend of cross-section parameter estimates of the relationship is examined. Households...

Persistent link: https://www.econbiz.de/10011968075

On the value of households' recycling efforts

Bruvoll, Annegrete; Nyborg, Karine - 2002

Do households' recycling efforts represent a social cost, which should be taken into account in cost-benefit analyses of alternative waste treatment systems? Some argue that it should not, since recycling efforts are to a large extent voluntary. We demonstrate that if the government can...

Persistent link: https://www.econbiz.de/10011968086

Some Fundamental Problems in Becker, Grossman and Murphy's Implementation of Rational Addiction Theory

Wangen, Knut R. - 2004

The econometric implementation of rational addiction theory has been highly influenced by Becker, Grossman and Murphy … under the alternative hypothesis of myopic addiction. Moreover, and in contrast to the common interpretation, BGM's non … makes it unclear how analyses based on the BGM approach can support, or reject, rational addiction theory. …

Persistent link: https://www.econbiz.de/10011968145

Price discrimination and salience-driven consumer preferences

Adrian, Nana - 2019

This paper generalizes the price discrimination framework of Mussa and Rosen (1978) by considering salience-driven consumer preferences in the sense of Bordalo et al. (2013b). Consumers with salience-driven preferences give a higher weight to attributes that vary more. This reduces the...

Persistent link: https://www.econbiz.de/10012112099

Consumer Demand with Unobservable Product Attributes - Part I: Theory

Dagsvik, John K. - 1996

This paper develops a new framework for empirical modelling of consumer demand with particular reference to products that are differentiated with respect to quality and location attributes. The point of departure is a flexible representation of the distribution of product attributes and consumer...

Persistent link: https://www.econbiz.de/10011967938

Consumer Demand with Unobservable Product Attributes - Part II: Inference

Dagsvik, John K. - 1996

In this paper we discuss statistical inference associated with the theoretical model developed in Part I. Specifically, we demonstrate how the relationship between the distribution of prices and unit values can be exploited to estimate some of the structural parameters. These estimates are...

Persistent link: https://www.econbiz.de/10011967939

The Political Man and Contingent Valuation: Motives Do Count

Nyborg, Karine - 1996

In addition to his role as a consumer pursuing his own interests, an individual may also regard himself as an ethical observer, judging matters from society's point of view. It is not clear which of these possibly conflicting roles respondents in contingent valuation studies take on. This leads...

Persistent link: https://www.econbiz.de/10011967952

Choice among Lotteries when Preferences are Stochastic

Dagsvik, John K. - 1998

This paper discusses the problem of specifying probabilistic models for choices (strategies) with uncertain outcomes. The point of departure is an extension of the axiom system of the von Neumann-Morgenstern Expected utility theory to the case when the preferences are stochastic. This extended...

Persistent link: https://www.econbiz.de/10011967993

The Social Contingency of Wants Implications for Growth and the Environment

Brekke, Kjell Arne; Howarth, Richard B. - 1998

Economic models typically assume that individual wants are determined by forces exogenous to the economic system. Social psychology and consumer research, in contrast, support the view that the perceived benefits of consumption are strongly affected by endogenously determined social norms. This...

Persistent link: https://www.econbiz.de/10011967998

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