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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...
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In empirical demand, industrial organization, and labor economics, prices are often unobserved or unobservable since …-consistent demand analysis remains feasible in the presence of partially observed prices, and hence partially observed implied budget …
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We present the first meta-analysis of the income elasticity of water demand that accounts for the effects of … demand equation. …
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There are many projections for China’s food demand, and the projection results differ significantly from each other …. Different values for income elasticities could be a major reason. This study projects meat and cereals demand for China based on …
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