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Heterogeneous substitutability preferences

Drupp, Moritz A.; Meya, Jasper; Bos, Björn; Disque, Simon - 2024

We study the heterogeneity of preferences regarding the limited substitutability of environmental public goods vis … mean marginal willingness to pay for an environmental public good decreases in society’s mean substitutability preference … and increases in the heterogeneity of individual-level substitutability preferences. We then introduce an experimental …

Persistent link: https://www.econbiz.de/10014578444

Getting tired of work, or re-tiring in absence of decent job opportunities? : some insights from an estimated random utility/random opportunity model on Belgian data

Capéau, Bart; Decoster, André - 2016

This paper exploits the distinction between preference and opportunity factors in a Random Utility and Random Opportunity (RURO) model of job choice (Aaberge, Dagsvik and Strøm, 1995, and Aaberge, Colombino and Strøm, 1999). We estimate the model on Belgian data (SILC 2007). To investigate to...

Persistent link: https://www.econbiz.de/10011537149

Subsistence and substitutability in consumer preferences

Baumgärtner, Stefan; Drupp, Moritz A.; Quaas, Martin F. - 2013

otherwise standard constant-elasticity-ofsubstitution (CES) utility specification. We study how substitutability between the … the CES-substitutability parameter, the level of income and the subsistence requirement. Our result that with a … subsistence requirement substitutability between different consumption goods is nonconstant but increases with individual income …

Persistent link: https://www.econbiz.de/10010226109

Time discounting, ambiguity aversion, and preferences for future environmental policies : evidence from discrete choice experiments

Hirata, Kenjiro; Ikeda, Shinsuke; Ikefuji, Masako; … - 2017

Designing efficient environmental policies requires knowledge about households’ preference parameters for their intertemporal decisions. By conducting an original Internet-based survey using Japanese participants (n=2,906) and a follow-up survey (n=1,407), we examine how people evaluate...

Persistent link: https://www.econbiz.de/10011756009