This paper reports on the results from a split sample choice experiment, where the effect of changing the maximum level of the cost attribute is investigated. The hypothesis was that changing the maximum price level would either give rise to an income effect or have no effect on consumers'...

This paper investigates the social preferences over labor market exibility, in a general equilibrium model of dynamic labor demand. We demonstrate that how the economy responds to productivity shocks depends on the power of labor to extract rents and on the status quo level of the firing cost....

In this paper the problem of Status Quo and willingness to pay by inhabitants of Haute- Normandy region in France for reduction of risk of erosive runoff was researched. The paper is dedicated to the definition of the factors which influence people’s willingness and unwillingness to pay for...

A public decision model specifies a fixed set of alternatives A, a variable population, and a fixed set of admissible preferences over A, common to all agents. We study the implications, for any social choice function, of the principle of solidarity, in the class of all such models. The...

Choice experiment provides a smart approach to deal with multidimensional changes since attributes are easily valued using a random utility model. Otherwise, there is empirical evidence that some respondents opt for the status quo regardless their preferences are. Such behaviour, well-known in...

With the goal of investigating decision making under uncertainty in real world decisions, we conduct a survey requiring 261 subjects to describe recent real life decisions and to answer questions about several dimensions of a decision, including framing, status quo, domain, and type of...

The qualities of librarians in colleges and universities are the key to the development of library modernization. Improving the qualities of librarians is the decisive factor that library adapts the requirements for the new period. This paper discussed on the current status of the low...

We generalize the dynamic bargaining game of Diermeier and Fong (2011) to arbitrary quota rules to provide a non-cooperative characterization of the von Neumann–Morgenstern stable set. Assuming that players are sufficiently patient and have strict preferences, a pure-strategy stationary...

This paper examines the effect of default options on choice behavior in experience-based decisions. To this end, we designed the “radio-button” experimental paradigm, in which participants are asked to set default options that remain effective until they decide to change them, and the...