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Sensitivity (proportionality) of willingness to pay to (small) risk changes is often used as a criterion to test for valid measures of economic preferences. In a contingent valuation (CV) study conducted in Austria, 1,005 respondents were asked their willingness to pay (WTP) for preventing an...
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-WTP explicitly allows for preference uncertainty in responses. Using data from two novel large-scale surveys on the perception of …
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time elicitation format reduces respondent’s uncertainty of contributions. In this study we analyze and compare uncertainty …-WTC-method, which elicits the upper and lower bound of a person’s WTC. We find that uncertainty is reduced when respondents are asked …
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