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The Value of Familiarity: Effects of Experience, Knowledge and Signals on Willingness to Pay for a Public Good

Lariviere, Jacob; Czajkowski, Mikołaj; Hanley, Nick; … - Wydział Nauk Ekonomicznych, Uniwersytet Warszawski - 2013

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/10010726410

The value of familiarity: Effects of knowledge and objective signals on willingness to pay for a public good

LaRiviere, Jacob; Czajkowski, Mikołaj; Hanley, Nick; … - In: Journal of Environmental Economics and Management 68 (2014) 2, pp. 376-389

We design and conduct a field experiment in which treated subjects receive a precise and objective signal regarding their knowledge about a public good before estimating their WTP for it. We find that the causal effect of objective signals about the accuracy of a subject׳s knowledge for a...

Persistent link: https://www.econbiz.de/10011043110

Brexit, collective uncertainty and migration decisions

Auer, Daniel; Tetlow, Daniel - 2020

landscape. Uncertainty and perceptions are influential drivers when it comes to migration decisions, and yet, the literature … simultaneously associated with uncertainty perceptions. We leverage the British referendum of 2016 to leave the European Union as a … unique natural experiment to demonstrate how collective uncertainty, induced by national government policy, affects the …

Persistent link: https://www.econbiz.de/10012263481

Brexit, collective uncertainty and migration decisions

Auer, Daniel; Tetlow, Daniel - 2020

Persistent link: https://www.econbiz.de/10012261129

Gini Decomposition and Gini Income Elasticity Under Income Variability

Makdissi, Paul; Wodon, Quentin - Département d'économique, Faculté d'administration - 2003

The Gini income elasticity has been used to assess the impact of marginal proportional changes in income from a given source on inequality in total income. This note extends the methodology to take into account income variability.

Persistent link: https://www.econbiz.de/10005609432

Action bias among elite soccer goalkeepers: The case of penalty kicks

Bar-Eli, Michael; Azar, Ofer H.; Ritov, Ilana; … - Volkswirtschaftliche Fakultät, … - 2005

In soccer penalty kicks, goalkeepers choose their action before they can clearly observe the kick direction. An analysis of 286 penalty kicks in top leagues and championships worldwide shows that given the probability distribution of kick direction, the optimal strategy for goalkeepers is to...

Persistent link: https://www.econbiz.de/10005621397

Biodiversity Prospecting Over Time and Under Uncertainty: A Theory of Sorts

Batabyal, Amit; Nijkamp, Peter - 2014

Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...

Persistent link: https://www.econbiz.de/10011400113