Misinformation can have a significant impact on consumers' willingness to pay (WTP) for foods. This study conducted in Italy aims to investigate the effects of misinformation and two types of refutation (tentative and enhanced) on consumers' WTP using a non-hypothetical experimental auction for...

This paper proposes a novel distribution-free maximum likelihood estimator for binary and ordered response models and evaluates its finite sample performance in a Monte Carlo simulation. In the simulation, where ordered response models are considered, the main focus is on estimating the effect...

When people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and...