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Constructing Markets : Environmental Economics and the Contingent Valuation Controversy

Banzhaf, H. Spencer - 2017

As economists took up the task of measuring the "demand" for environmental services not traded in markets, some chose to substituted survey-based methods known as contingent valuation (CV). Doing so, they could not help but find themselves in the uncomfortable position of self-evidently...

Persistent link: https://www.econbiz.de/10012957653

Eliciting environmental preferences of Ghanaians: an experimental approach

Meroz, Yael; Morone, Andrea; Morone, Piergiuseppe - 2007

provides an answer to both issues, showing how using an incentive compatible experiment produces, in the case of Ghana …

Persistent link: https://www.econbiz.de/10010263820

Eliciting environmental preferences of Ghanaians: An experimental approach

Meroz, Yael; Morone, Andrea; Morone, Piergiuseppe - Wirtschaftswissenschaftliche Fakultät, … - 2007

provides an answer to both issues, showing how using an incentive compatible experiment produces, in the case of Ghana …

Persistent link: https://www.econbiz.de/10005090515

On the Acceptability of the Ambient Tax Mechanism:An Experimental Investigation

Boun My, Kene; Cochard, Francois; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007

Our objective in this paper is to assess the acceptability of the ambient tax. Concretely,we ask subjects to choose between (A) an ambient tax and (B) an individual tax system. Incase (A), they actually participate in a game in which their payout depends on all participants'decisions and on...

Persistent link: https://www.econbiz.de/10005866532

Eco-Labelled Food Products : What are Consumers Paying For?

Bougherara, Douadia - 2014

selfish or altruistic motives. Using an incentive-compatible experiment with both a within- and a between-subject design, we … benefits. We find that this information does not affect buying prices in the within-subject experiment. This suggests that … prices for the eco-friendly product but also for the control product in the between-subject experiment …

Persistent link: https://www.econbiz.de/10013070562

Hedonic estimation under very general conditions using experimental and quasi-experimental designs

Rohlfs, Chris; Sullivan, Ryan; Kniesner, Thomas J. - 2013

This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product's complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias...

Persistent link: https://www.econbiz.de/10009787341

Stake Size Effect on Risk Attitudes Under Hypothetical Conditions

Gao, Yue - 2013

by previous experiments were replaced by small gifts in this experiment. Significant differences in risk attitudes were …

Persistent link: https://www.econbiz.de/10013075526

Anchoring and Housing Choice : Results of a Natural Policy Experiment

Arbel, Yuval - 2014

This research employs data from a natural experiment to assess the effects of behavioral heuristics on housing choice …

Persistent link: https://www.econbiz.de/10013051128

Using Experimental Method to Elicit Consumer Preferences for Public Decision

Robin, Stéphane; Rozan, Anne; Ruffieux, Bernard - 2011

Individual preferences must be evaluated to take into account the citizens' interests for public decisions. Usually, economists assess individual preferences through market decisions. But more often, public decisions impact goods without market prices. Without a market to refer to, evaluating...

Persistent link: https://www.econbiz.de/10014223152

A Meta-Analysis of Hypothetical Bias in Stated Preference Valuation

Murphy, James J.; Allen, P. Geoffrey; Stevens, Thomas; … - 2003

Individuals are widely believed to overstate their economic valuation of a good by a factor of two or three. This paper reports the results of a meta-analysis of hypothetical bias in 28 stated preference valuation studies that report monetary willingness-to-pay and that used the same mechanism...

Persistent link: https://www.econbiz.de/10014075742

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