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Randomizing Endowments : An Experimental Study of Rational Expectations and Reference-Dependent Preferences
Goette, Lorenz - 2014
exchange. The experiment tightly tests the predictions of Kőszegi and Rabin (2006), as when the probability of forced exchange …
Persistent link: https://www.econbiz.de/10013043666
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Behavioral Economics and the Value of a Statistical Life
Kniesner, Thomas J. - 2019
There are many possible connections between VSL and behavioral economics. A list of topics includes endowment effects, risk salience, ambiguity aversion, present bias, reference groups, reference points, and experienced versus decision utilities. There are also nudges that connect to estimating...
Persistent link: https://www.econbiz.de/10012870202
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The Price of Warm Glow
Lilley, Andrew - 2013
predictions of the model we ran an experiment in which we varied within-subjects the costs and benefits of monetary and volunteer … the donor (impure warm-glow altruism). Consistent with the model's predictions, the experiment shows that priming pure … overall charitable donations. We discuss the implications of our experimental results for both theory and policy …
Persistent link: https://www.econbiz.de/10013080136
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Climate Amenities, Climate Change, and American Quality of Life
Albouy, David - 2014
We present a hedonic framework to estimate U.S. households' preferences over local climates, using detailed weather and 2000 Census data. We find that Americans favor an average daily temperature of 65 degrees Fahrenheit, will pay more on the margin to avoid excess heat than cold, and are not...
Persistent link: https://www.econbiz.de/10013064120
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Altruism, Fertility, and the Value of Children : Health Policy Evaluation and Intergenerational Welfare
Birchenall, Javier Arturo; Soares, Rodrigo R. - 2021
This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults' willingness to pay for changes in child mortality...
Persistent link: https://www.econbiz.de/10013317066
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Back to Edgeworth? Estimating the Value of Time Using Hedonic Experiences
Krekel, Christian; MacKerron, George - 2023
Following early economist Francis Y. Edgeworth's proposal to measure people's hedonic experiences as they go about their daily lives, we use a smartphone app that over eight years randomly asked a panel of 30, 936 UK residents (N = 2, 235, 733) about their momentary feelings and activities to...
Persistent link: https://www.econbiz.de/10014346670
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What Aspects of Formality Do Workers Value? Evidence from a Choice Experiment in Bangladesh
Mahmud, Minhaj - 2019
Using a choice experiment among 2,000 workers in Bangladesh, we to elicit willingness to pay (WTP) for specific job …
Persistent link: https://www.econbiz.de/10012870451
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Pay-What-You-Want to Support Independent Information : A Field Experiment on Motivation
Casarico, Alessandra - 2018
readership, therefore guaranteeing maximum diffusion. We conduct a field experiment with the Italian information site lavoce …
Persistent link: https://www.econbiz.de/10012925506
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Measuring the Willingness to Pay to Avoid Guilt : Estimation Using Equilibrium and Stated Belief Models
Bellemare, Charles - 2010
controlling for a possible source of a consensus effect. All models are estimated using data from an experiment of proposal and …
Persistent link: https://www.econbiz.de/10013146841
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Individual-Level Loss Aversion in Riskless and Risky Choices
Gaechter, Simon; Johnson, Eric J.; Herrmann, Andreas - 2021
endowment effect experiment by eliciting both WTA and WTP from each of our 360 subjects (randomly selected customers of a car …
Persistent link: https://www.econbiz.de/10013316870