By means of a single-bounded, referendum format contingent valuation, this paper estimates willingness to pay (WTP) for improved air quality among residents of Mexico City Metropolitan Area (MCMA). Findings from this paper illustrate heterogeneity in WTP associated with environmental and social...

Discounting future costs and benefits is a crucial yet contentious practice in the appraisal of long-term public projects with environmental consequences. The standard approach typically neglects that ecosystem services are not easily substitutable with market goods and often exhibit...

In many markets insurers are barred from price discrimination based on con- sumer characteristics like age, gender, and medical history. In this paper, I build on a recent literature to show why such policies are inefficient if consumers differ in their willingness-to-pay for insurance...

The South African wine industry has recently launched the world's first 'no sulphite added' wine made from indigenous Rooibos & Honeybush toasted wood chips. This wood chip contains antioxidant properties known to protect wine from oxidation. On the other hand, SO2 as a preservative, is often...

Urban sprawl and economic development brought new ways of correlating the efficiency and performance, and green buildings are spreading at higher levels. In this normative study, we discuss specific issues in how valuation methods could be considered when assessing green buildings. The real...

Road transportation is responsible for a significant part of the EU's total CO2 emissions. Therefore, the automotive sector is subject to continuously strengthening environmental regulation. Regulation (EU) 2019/631 of the European Parliament and of the Council of 17thApril 2019 sets, for the...

We estimate willingness to pay (WTP) for a first-order stochastic reduction on the risk of robbery at a large city in Brazil. We develop a structural choice model that nests a process of contingent valuation among non-degenerate lotteries and estimate it by both maximum likelihood and...

We investigate how reforestation contributed to stabilization of riverine water levels in South Korea. For the purpose, we estimate an equation capturing dynamic relationships among rainfall, upstream-area tree stock, and downstream water levels in three river systems of Hongcheon, Mangyeong,...

Although there is an increasing demand for sustainable investment products accompanied by increasing regulations regarding sustainability disclosures, people suffer from a lack of information concerning the offered investment products' sustainability. Despite hundreds of ESG indicators for...

Die Beteiligung der Erwerbspersonen ist für den ökologischen und digitalen Wandel entscheidend, denn ohne ihre Arbeitsleistung und ihr Know-how kann die doppelte Transformation nicht gelingen. Gleichzeitig entstehen im Wandel aber auch Ängste und Sorgen. Sie können dazu führen, dass sich...