Showing 1 - 9 of 9
This paper develops a model of demand estimation in which consumers learn about their true preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently...
Persistent link: https://www.econbiz.de/10011010136
In this study we elicit agents' prior information set regarding a public good, exogenously give information treatments to survey respondents and subsequently elicit willingness to pay for the good and posterior information sets. The design of this field experiment allows us to perform...
Persistent link: https://www.econbiz.de/10010894650
This paper compares how increases in experience versus increases in knowledge about a public good affect willingness to pay (WTP) for its provision. This is challenging because while consumers are often certain about their previous experiences with a good, they may be uncertain about the...
Persistent link: https://www.econbiz.de/10010894653
This paper develop and estimates a model of demand estimation for environmental public goods which allows for consumers to learn about their preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how...
Persistent link: https://www.econbiz.de/10010894654
This paper considers the role which selfish, moral and social incentives and pressures play in explaining the extent to which stated choices over pro-environment behaviours vary across individuals. The empirical context is choices over household waste contracts and recycling actions in Poland. A...
Persistent link: https://www.econbiz.de/10010939289
For many years, stated preference researchers have been interested in the effects of information onwillingness to pay for environmental goods. Within the random utility model, information about anenvironmental good might impact on preferences and on scale (error variance), both between andwithin...
Persistent link: https://www.econbiz.de/10011010137
The paper offers an innovative approach to valuation of biodiversity. Instead of the prevailing approach of using only one indicator of biodiversity (usually number of species) we provide evidence that it is possible to provide attributes describing complex characteristics of biodiversity based...
Persistent link: https://www.econbiz.de/10005748761
Insufficient sensitivity to scope remains one of the pivots of criticism addressed at validity of stated preference methods. Many studies demonstrate failure of a scope test of some sort, while many others show that WTP responses are sensitive to the scope of environmental change. Despite some...
Persistent link: https://www.econbiz.de/10005748766
There are two major ways in which solid waste can be sorted and recycled - at the household level, when households are required to sort waste into a given number of categories, or in specialized sorting facilities. Traditionally, it has been thought that sorting at the household level is an...
Persistent link: https://www.econbiz.de/10010894656