While prior research suggests that consumers are willing to pay higher prices for products with environmentally friendly attributes, this relationship may not apply to “circular economy” products because of their perceived quality issues. The main aim of this study is to assess the...

Stated willingness-to-pay from hypothetical surveys generally exceeds revealed willingness-to-pay from real purchase experiments. One explanation for this hypothetical bias which has been put forward is that participants use high willingness-to-pay statements for public goods to improve their...

We propose a method to quantify other-regarding preferences in group decisions. Our method is based on revealed preference theory. It measures willingness-to- pay for others’ consumption and willingness-to-pay for equality in consumption by evaluating consumption externalities in monetary...