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educated, rich, and proactive individuals were more likely to purchase insurance. Risk aversion was associated with low … risk reduced demand for insurance, particularly when the price of the contract was high, and that provision of insurance …
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not confirmed yet that demand for insurance is indeed hump-shaped in risk aversion and the functional form of this … demand. Furthermore, it is unclear to what extent other risk mitigation strategies form complements or substitutes to index …-insurance. Lastly, the interaction between basis risk and price is important to the design of index-insurance products. If basis risk …
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Purpose The purpose of this paper is to theoretically using two new models to analyze the effect of respondents’ uncertainty about their stated willingness to pay (WTP) on welfare estimates in the contingent valuation method (CVM) theoretically using two new models, and empirically to reveal...
Persistent link: https://www.econbiz.de/10014690076
risk of introducing potential bias during questions iteration. This study examines the effect of eliciting a third response …
Persistent link: https://www.econbiz.de/10011608419
Given the current travel restrictions with the COVID-19 pandemic, there is an unprecedented opportunity for Hawai'i to reexamine its current tourism offerings and establish a new approach to support a more authentic, cultural, and sustainable tourism for the U.S. domestic tourist market. As...
Persistent link: https://www.econbiz.de/10013201104
Background: Economic evaluation focuses on Quality-Adjusted-Life-Years (QALYs) as the main valuation method. However, it is well known that factors beyond health related quality of life are important to patients and the public. Whilst discrete-choice-experiments (DCE) have been extensively used...
Persistent link: https://www.econbiz.de/10011803059