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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...
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participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of … illustrated using data from an experiment investigating the value of time and the value of statistical life. We discuss the …
Persistent link: https://www.econbiz.de/10011376457
collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary … rewards for traveling outside peak hours. The experiment included ca. 1000 participants and lasted for about 6 months. Holders … of an annual train pass were invited to join the experiment, and a customized smartphone app was used to measure the …
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Does attention have a causal impact on risky decisions? We address this question in a preregistered experiment in which …
Persistent link: https://www.econbiz.de/10013332731
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/10011346472
For companies, it is essential to obtain information about customers' preferences to successfully market their products and services. Experimental auctions are a promising method for acquiring such information considering that they are incentive compatible and non-hypothetical. Their...
Persistent link: https://www.econbiz.de/10014390433
This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to being in the one location, over being elsewhere. It is...
Persistent link: https://www.econbiz.de/10011372988