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Hypothetical bias in choice experiments: Within versus between subject tests
(2007-04-20)
A choice experiment eliciting environmental values is set up in order to test for hypothetical
bias based on both within and between sample designs. A larger hypothetical bias was found
in the latter case, which explains ...
Emotions, Morality and Public Goods: The WTA-WTP Disparity Revisited
(2006)
Empirical evidence suggests that people’s maximum willingness to pay for having a good is often substantially lower than their minimum willingness to accept not having it, and that this discrepancy tends to be especially ...
Keeping Up with the Vaishyas: Caste and Relative Standing
(2005)
We investigate the importance of relative income within the Indian Caste system, using a choice experiment. We find that slightly more than half of the marginal utility of income comes from some kind of relative income ...
Should We Use Distributional Weights in CBA When Income Taxes Can Deal with Equity?
(2001)
Kaplow (1996) and others argue forcefully in favor of using the standard cost-benefit test alone, without any distributional concern, given "standard simplifying assumptions." This paper, on the contrary, ...
The Behavioural Economics of Climate Change
(2008-05-19)
This paper attempts to bring some central insights from behavioural economics into the
economics of climate change. In particular, it discusses (i) implications of prospect theory, the
equity premium puzzle and time ...
Are Some Lives More Valuable?
(2003)
A theoretical model of the ethical preferences of individuals is tested by conducting a
choice experiment on safety-enhancing road investments. The relative value of a
saved life is found to decrease with age, such that ...
Does age matter for the value of life? - Evidence from a choice experiment in rural Bangladesh
(2009-10-19)
Using a random sample of individuals in rural Bangladesh, this paper investigates people’s preferences regarding relative values of lives when it comes to different ages of the individuals being saved. By assuming that an ...
Om nationalekonomisk imperialism och idéutveckling
(2006)
Nationalekonomiska metoder och modeller tillämpas inom de mest skiftande områden
som kriminalitet, barnuppfostran och drogmissbruk. Ett skäl till ämnets framgång är dess användning av matematik. Nationalekonomins formalisering ...
A Note on the Risk Behavior and Death of Homo Economicus
(2006)
Recent papers by Cox and Sadiraj (2006) and Rubinstein (2006) have pointed out that expected utility theory is more general than has sometimes been acknowledged, and can hence not be refuted as easily by means of experiments. ...
Environmental Policy when Peoples Preferences are Inconsistent, Non-Welfaristic, or simply Not Developed
(2001)
This paper discusses how a benevolent policy maker should act based on some, possibly non-welfaristic,ethical principle in cases where peoples preferences are not perfectly informed,consistent and fully developed with ...