In wrongful death and personal injury litigation, the amount of compensation depends on the difference between the interest rate that the plaintiff is expected to earn by investing the award and the rate of wage growth that the plaintiff would have been expected to receive in the pre-injury...

Models for voluntary provision of public goods predict free riding is rational unless the model includes a motive for the act of giving referred to as a “warm glow” in the literature. The source for this warm glow is likely to include the gratitude of the recipient. The experimental setting...

This paper contributes to the widespread discussion of the sources of the divergence between WTA and WTP values. The paper reports on theoretical and empirical investigations which show that value and outcome uncertainty offer an explanation for this disparity. Given a set of hypotheses...

This paper considers an extension of the classical static labor-leisure choice model to allow for an on-the-job leisure choice. The key result is that an income-compensated wage increase, while theoretically increasing hours worked, will likely increase on-the-job leisure.

A web-based contingent behavior analysis is developed to quantity the effect of both negative and positive information treatments and post harvest processes (PHP) on demand for oysters. Results from a panel model indicate that consumers of raw and cooked oysters behave differently after news of...