This paper uses different versions of a voluntary contribution mechanism in experimental games to test for household efficiency. Efficiency is decisively rejected in all treatments casting doubt on ‘unitary' and ‘collective' household models – significant amounts of potential surplus are...

We examine the feasibility of using a massively multiplayer online role-playing game (MMORPG) to test economic theories. As a test vehicle we use the well-known hypothesis about the relationship between market experience and the endowment effect. Our results confirm earlier field experiments...

We test core theories of the household using variants of a public good game and experimental data from 240 couples in rural Uganda. Spouses do not maximise surplus from cooperation and realise a greater surplus when women are in charge. This violates assumptions of unitary and cooperative...

Decision-makers have a wide variety of competing and complementary methods for non-market valuation, but there is little formal advice on the choice of method. I offer a formal approach, using a loss function (the mean square error) to compare contingent valuation, Citizens' Jury and methods...

The continuing impact of radiation risk around the Fukushima Dai-Ichi nuclear power plant is assessed through an analysis of prices for housing and land transactions in Fukushima and Miyagi prefectures in the three years following the original tsunami and accident. I find a significant effect of...

Standard practice in stated preference typically blurs the distinction between household and individual responses. However, there is some theoretical debate regarding the appropriate approach. To date there have been no empirical tests of whether values for say a two adult household elicited by...

In this study, we add to the body of evidence on the reliability of risk preference measurements using evidence from a survey and experiment in rural Viet Nam. We conducted a field survey and experiment with a random sample of 350 households. Subjects face various incentivized elicitation...