This paper investigates how the general public behaves when confronted with low probability events and ambiguity in an insurance context. It reports the results of a questionnaire completed by a large representative sample of the French population that aims at separating attitudes toward risk,...

Cost-effectiveness acceptability curves (CEACs) have become widely used in applied health technology assessment and at the same time are criticized as unreliable decision‐making tool. In this paper we show how using CEACs differs from maximizing expected net benefit (NB) and when it can lead...

Marine turtles are important, not only for their economic and intrinsic value, but because an adequate population of marine turtles is often an indicator of healthy marine ecosystem. Of the seven species of marine turtles, four are critically endangered, while two are in the next-highest risk...

In experimentellen Studien werden Preis- und Kaufabfragen eines monadisch (isoliert) prä-sentierten Verbrauchsgutes in einem 2x2 faktoriellen Design auf hypothetischer Ebene reali-siert oder mit einer anreizkompatiblen Lotterie verknüpft. Zwecks Validierung erfolgte außer-dem ein reales...

Rivers provide us with general life support, water supply, transportation, waste assimilation, and a wide array of recreation and tourism activities. However, due to undervaluation of the functions of rivers and river ecosystems, rivers of the world have been overexploited or degraded. To tackle...

This paper provides an economic valuation of the coral reefs at Phi Phi Islands, Thailand. It used both the travel cost method and contingent valuation method to estimate the benefits of tourism on Phi Phi's coral reefs. The study found that the reefs studied could generate large economic...

Internationally, political and academic discourse is increasingly focussed on two intensifying trends: the underprovision of environmental quality and population ageing. However, the potential interrelationship between these two phenomena has been virtually completely ignored. Importantly, the...

We estimate a mixed logit demand model for the Japanese digital content market and measure willingness to pay for service attributes. We find that the willingness to pay for an extra unit of service quality ranges from 62 Yen to 83 Yen per month. Meanwhile, the switching cost, a measure of...

Data from a discrete choice experiment is used to investigate the implications of failing to account for attribute processing strategies (APSs). The research was designed to elicit the economic benefits associated with landscape restoration activities that were intended to remediate...