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We study the heterogeneity of preferences regarding the limited substitutability of environmental public goods vis-a-vis private consumption goods and how it affects the economic valuation of environmental public goods. We show theoretically that mean marginal willingness to pay for an...
Persistent link: https://www.econbiz.de/10014578444
decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a … welfare-theoretic foundation for nudging similar in spirit to the classic revealed preference approach, by investigating a …
Persistent link: https://www.econbiz.de/10010515471
decision problem. We propose a welfare-theoretic foundation for nudging similar in spirit to the classical revealed preference …
Persistent link: https://www.econbiz.de/10011490048
decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a … welfare-theoretic foundation for nudging similar in spirit to the classic revealed preference approach, by investigating a …
Persistent link: https://www.econbiz.de/10010509644
Persistent link: https://www.econbiz.de/10001770141
Behavioural welfare economics provides tools to elicit welfare preferences when individuals use nonstandard behavioural … and, as the dataset grows, characterizes the family of welfare preference elicitation tools that elicit the underlying … Informational Responsiveness is an important property of preference elicitation tools. We then test our property in an experiment in …
Persistent link: https://www.econbiz.de/10014323569
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