Over the last decade, evidence has accumulated in the mainstream economics literature indicating that, contrary to economic theory, indifference curves are irreversible. The methods in question - willingness to pay versus willingness to accept and standard gamble versus certainty equivalence -...

Crop insurance is one of the most useful risk management tools for natural disasters. Jilin as the main soybean production province in China suffers the natural disaster frequently by the global warming. The purpose of this study was to promote the crop insurance management of soybean risk of...

This study is an application of CVM to a specific area in Brazil, the Corumbatai river basin, in the state of Sao Paulo, aiming to estimate the value attached by affected people to a hypothetical riparian forest restoration project. The method used was the double bounded dichotomous choice under...

We examine the willingness of health care consumers to pay formal fees for health care use and how this willingness to pay is associated with past informal payments. We use data from a survey carried out in Hungary in 2010 among a representative sample of 1,037 respondents. The contingent...

This study examines the value of reducing foodborne risk. Research on the valuation of health risk has been dominated by the study of mortality risk. Foodborne risk is, however, in most cases non-fatal and this study therefore focuses on individuals' preferences for reducing morbidity risk...

Stated preference (SP) surveys attempt to obtain monetary values for non-market goods that reflect individuals’ “true†preferences. Numerous empirical studies suggest that monetary values from SP studies are sensitive to survey design and so may not reflect respondents’...

We analyze the effects of uncertainty on WTA, WTP and the WTA–WTP gap. Extending the approach of Weber (Econom Lett 80:311–315, <CitationRef CitationID="CR17">2003</CitationRef>) to the case of lotteries, we develop an exact expression for the WTA–WTP gap that allows identification of its magnitude under different utility...</citationref>

This article is aimed to investigate the user willingness to pay and itscapability of contributing a theatre company to reach the economic balance.To that end we carried out a sample survey submitting a questionnairestructured in two sections and with about fifty questions to 1200 persons.The...