In the expected-utility theory of the monetary value of a statistical life, the so-called dead-anyway effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk. Their...

This paper examines individuals' willingness to pay (WTP) to offset their carbon footprint in response to receiving information about (i) the size of their own carbon footprint, and (ii) further receiving in addition information about the difference between their carbon footprint and the target...

This study goes to identify factors that affect farmers' WTP and estimating the TEV. The Bivarite Probit model is used for the estimation of the parameters using 185 sample size. The mean WTP from DBDCV is 28.48 ETH Birr per annum; is higher than the open ended CVM (i.e., 24.8 Birr). The TEV is...