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THE DYNAMIC FORMATION OF WILLINGNESS TO PAY: AN EMPIRICAL SPECIFICATION AND TEST
Corrigan, Jay R.; Kling, Catherine L.; Zhao, Jinhua - 2003
In a static setting, willingness to pay for an environmental improvement is equal to compensating variation. However, in a dynamic setting characterized by uncertainty, irreversibility, and the potential for learning, willingness to pay may also contain an option value. In this paper, we...
Persistent link: https://www.econbiz.de/10009443069
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Evaluation of community participation for the development of culture-based fisheries in village reservoirs of Sri Lanka
Mohottala Gedara, Kularatne; Amarasinghe, Upasli S.; … - 2009
In this paper an attempt is made to identify the socioeconomic characteristics of a community that influences the development and management of culture-based fisheries in village reservoirs of Sri Lanka. Socioeconomic data were collected from 46 agricultural farming communities associated with...
Persistent link: https://www.econbiz.de/10009483528
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The employment of Virtual Reality in tourism-oriented online communication: an economics of information perspective
Herstell, Jan - 2008
rasantes Wachstum erfahren und dazu geführt, dass im Bereich des internetbasierten Tourismus eine besonders ausgeprägte … Virtual Reality (VR) im Tourismus die Ausnahme und wird damit nicht gezielt genutzt, um Informationen dreidimensional und … transformieren und die nachfragerseitige Bedeutung der Vertrauenseigenschaften mindern kann. Somit kann in der im Tourismus …
Persistent link: https://www.econbiz.de/10009467439
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Tourism, Climate Change and the Coastal Zone
Hamilton, Jacqueline Margaret - 2005
pattern of tourism demand. Despite the cultural and economic importance of tourism and its overwhelming dependence on climatic … factors, relatively few studies have tackled the impact of climate change on tourism. In particular there are few quantitative … studies on the effect that climate change will have on tourism. The aim of this thesis is to fill the research gap and so …
Persistent link: https://www.econbiz.de/10009449713
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CO2-Emissionszertifikate - Preismodellierung und Derivatebewertung
Wagner, Michael W. - 2007
EU-Unternehmen müssen seit 2005 entsprechend ihrem CO2-Ausstoß genügend Emissionszertifikate einreichen. Da die Zertifikate frei handelbar sind, stellt sich ihnen CO2 als ein zusätzlicher Produktionsfaktor mit unsicherem Preis dar. Derivative Finanzinstrumente helfen beim Management der...
Persistent link: https://www.econbiz.de/10009434615
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Bid Design and its Influence on the Stated Willingness to Pay in a Contingent Valuation Study
Carmona-Torres, Carmen; Calatrava-Requena, Javier - 2006
The CV method estimate the monetary value that specific changes in the provision of goods and services represent for society, which is asked for their Willingness To Pay (WTP) for it, according to their budget and individual preferences, in a survey. The applications of CV are a source of...
Persistent link: https://www.econbiz.de/10009442536
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The Demand for Specialty-Crop Insurance: Adverse Selection and Inefficiency
Richards, Timothy J.; Mischen, Pamela - 1998
The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...
Persistent link: https://www.econbiz.de/10009442641
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Testing for Consistency in Tourists' Willingness to Pay for New Nature Reserves in the Gulf of Morbihan (France)
Voltaire, Louinord; Nassiri, Abdelhak; Bailly, Denis; … - 2011
In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is based on the following a priori expectation. In economics,when an individual considers paying for public goods, his decision to pay, and his WTP arebased on utility-maximising...
Persistent link: https://www.econbiz.de/10009442761
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WTP and WTA for Non-GM and GM Food: UK Consumers
Moon, Wanki; Balasubramanian, Siva K.; Rimal, Arbindra - 2006
In a survey of UK consumers, we elicited their willingness-to-accept (WTA) a discount for GM foods and willingness-to-pay (WTP) a premium for non-GM foods in order to assess their valuation of the non-GM characteristic in food products. Mean WTA exceeds mean WTP, a finding that suggests the...
Persistent link: https://www.econbiz.de/10009443519