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Public referenda are frequently used to determine the provision of public goods. As public programs have distributional consequences, a compelling question is what role if any social preferences have on voting behavior. This paper explores this issue using laboratory experiments wherein voting...
Persistent link: https://www.econbiz.de/10004979531
In 1996 Johannesson et al. published a paper in this journal entitled “The Value of Private Safety versus the Value of Public Safety.” Based on preliminary evidence from a hypothetical contingent valuation study, these authors argue that consumers behave as “pure altruists” and reject...
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Past research suggests that contingent valuation overstates demand for public goods. These estimates of hypothetical bias are probably invalid since they rely on voluntary contributions mechanisms which fail to reveal demand. An improved mechanism is shown to reveal aggregate demand in...
Persistent link: https://www.econbiz.de/10005801769
Public referenda are frequently used to determine the provision of public goods. As public programs have distributional consequences, a compelling question is what impact, if any, do social preferences have on voting behavior. This paper explores this issue using laboratory experiments wherein...
Persistent link: https://www.econbiz.de/10008522576
Ecotourism presents developing countries with growing opportunities for enhancing resource conservation and economic growth, but also raises pressing management and policy challenges. This paper presents a conceptual framework and empirical analysis of the impacts of introducing a differential...
Persistent link: https://www.econbiz.de/10008546272
Many commodities have programs assessing producers for generic advertising. Ads such as "Got Milk?" and the "Incredible Edible Egg" are a public good for producers. Most of these programs originally used the Voluntary Contribution Mechanism, but have now become mandatory because of free-riding....
Persistent link: https://www.econbiz.de/10005500437