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Do You Enjoy Having More Than Others? Survey Evidence of Positional Goods
(2003)
Although conventional economic theory proposes that only the absolute levels of
income and consumption matter for people’s utility, there is much evidence that relative
concerns are often important. This paper uses a ...
Is Transport Safety More Valuable in the Air?
(2002)
Using a contingent valuation survey, people’s willingness to pay for a given risk reduction is found to be
much larger when traveling by air compared to by taxi. Follow-up questions revealed that an important
reason for ...