Traditionally, economists make a sharp distinction between stated and revealed preferences, viewing the latter as more fully meeting the assumptions of economic analysis. Here, we consider one form of empirical evidence regarding this belief: the consistency of choices in stated and revealed...

The purpose of this article is to explain the choice of water supply by urban households using microdata from Dakar (Senegal). Using data on 301 households, we estimate a bivariate Probit model to explain household?s decision to rely on a private water connection at home or/and to get water from...

The paper deals with the different concepts of the human economic preferences in the point of view of the different economic schools, which deals with this topic. The paper begins with the description of the neoclassical concept of the preferences theory, followed by the critical analysis of...

Aims: This paper briefly reviews the theoretical and empirical foundation for the economic valuation of preventing fatalities, referred to as the value of a statistical life (VSL), and summarizes recent published empirical evidence on VSL in Sweden. <P> Methods: Literature searches were conducted...</p>