This paper establishes a new method for eliciting Willingness to Pay (WTP) in contingent valuation (CV) studies with an open-ended elicitation format: the Range-WTP method. In contrast to the traditional approach for eliciting Point-WTP, Range-WTP explicitly allows for preference uncertainty in...

Following a major earthquake off the Pacific coast of Japan, a tsunami disabled the power supply and cooling of three reactors in Fukushima, causing a major nuclear accident on 11 March 2011. Based on a quasi-experimental difference-in-differences approach we use panel data for 5,979 individuals...

This paper is the first to link economic theory with empirical life-satisfaction analyses referring to internal migration. We derive an extension of the Roback (1982) model to account for benefits from regional amenities in the utility function, while controlling for income, housing costs, and...

According to rational choice theory, preference orderings should be invariant with respect to the elicitation procedure. The contingent trade-off model (Tversky et al., 1988), however, argues that if an attribute of decision alterna-tives is also used as response mode (scale compatibility), then...

Stratospheric aerosol injection (SAI) is a climate engineering (CE) method that is reputed to be very effective in cooling the planet but is also thought to involve major risks and side effects. As a new option in the bid to counter climate change, it has attracted an increasing amount of...

One major challenge when conducting contingent valuation studies in developing countries is the choice of the appropriate payment vehicle. Since regular cash-income does not exist for the majority of the population and market integration is low, households in rural areas have less experience...

Public opinion has a substantial impact on political actions. However, public opinion might be driven by temporary emotions. If these emotions cool off over time, public opinion might change as well. This paper analyses how emotions drive public opinion over time for the case of an environmental...

Water resources are unevenly spread in China. Especially the basins of the Yellow, Hui and Hai rivers in the North are rather dry. To increase the supply of water in these basins, the South-to-North Water Transfer project (SNWT) was launched. Using a computable general equilibrium model this...

Economic policies rely on demographic projections. Yet in making these projections, researchers often ignore the aspect of household formation—despite sustained trends in many industrialized countries towards smaller household units with fewer members. Over the long term, this trend is likely...

We study how urban land use fragmentation affects the subjective wellbeing of city residents. Therefore, we calculate fragmentation metrics based on the European Urban Atlas for 15,000 households in the German Socio-Economic Panel. Using random and fixed effects specifications, we find that...