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The paper considers the problems of interpreting subjects’ responses to laboratory intertemporal choice and matching tasks that arise from (i) the existence of capital markets outside the laboratory; (ii) the distinction between observable income and unobservable consumption. It distinguishes...
Persistent link: https://www.econbiz.de/10005150919
The paper considers the problems of interpreting subjects’ responses to laboratory intertemporal choice and matching tasks that arise from (i) the existence of capital markets outside the laboratory; (ii) the distinction between observable income and unobservable consumption. It distinguishes...
Persistent link: https://www.econbiz.de/10010601955
We consider a model of cake-eating with private information. The model captures phenomena such as trust and “security of supply” in resource-use relationships. It also predicts supply shocks as an equilibrium phenomenon: privately informed sellers have incentives to reveal resource scarcity...
Persistent link: https://www.econbiz.de/10010960650
Persistent link: https://www.econbiz.de/10004882542
modern means of communication and socialization that has taken lately more ground in higher education becoming an important … academic tool in the communication process. Many universities have their own Facebook page, being used by both students and … teachers, and creating Facebook groups increasingly facilitates communication with students. Thus, this paper aims to identify …
Persistent link: https://www.econbiz.de/10011079665
Persistent link: https://www.econbiz.de/10005669473
In this paper we use data from an SP study on flood safety in the Netherlands, and elicit individual preferences for reduction of risk to life and limb. We perform context analysis to test the robustness of fatality risk valuation throughout choice experiments. The main interest of this paper is...
Persistent link: https://www.econbiz.de/10011256155
This paper enriches existing valuation literature in a number of ways by presenting context-specific estimates of immaterial damage. First, it offers an estimation of value of statistical life (VOSL) in the context of a natural hazard (flooding). Next, as one of the contributions, alongside with...
Persistent link: https://www.econbiz.de/10011256324
Consumer products and services can often be described as mixtures of ingredients. Examples are the mixture of ingredients in a cocktail and the mixture of different components of waiting time (e.g., in-vehicle and out-of-vehicle travel time) in a transportation setting. Choice experiments may...
Persistent link: https://www.econbiz.de/10011257199
We observe that identification of the discount rate from experimental data requires an assumption about the consumption period, the length of time over which a payment will be turned into utility-providing consumption. We show that the optimal consumption period is substantially longer than...
Persistent link: https://www.econbiz.de/10010906364