Leveraging the unique context of New York City taxi rides, we estimate that passengers are 25 to 30 percentage points more likely to tip a suggested amount when presented an integer tip suggestion. Moreover, we find this behavioral response to integer suggestion varies by tip menu placement,...

Comparisons between discrete choice experiments (DCEs) and best-worst scaling (BWS) have been occasionally made in the literature to date. Likewise, labeled and unlabeled experimental designs have been compared under some settings. However, these research findings are basically mixed in terms of...

This study investigates the relationship between actual environmental and non-environmental landscapes and residents' preferences for landscapes in their neighborhoods. Investigating this relationship contributes to expanding the knowledge on the spatial heterogeneity in people's environmental...

Over the last six decades, a large quantum of studies has explored the value of travel time savings(VTTS). The travel time savings constitute a significant proportion of many transport improvements, cost-benefit analyses of transport services, traffic forecasting models, and congestion pricing...

We provide evidence for heterogeneous consumer preferences for product quality and game outcome uncertainty (GOU) in Major League Baseball. Using attendance data from 2013 to 2019, we explore functional data clustering techniques to detect common patterns in predictive margins of team-specific...

We study the decision to preserve diverse species when the value of biodiversity is uncertain, or even affected by ambiguity. Optimal decisions are derived in a real option framework. We find that while calculated risk creates a scope for biodiversity preservation, the presence of ambiguity...

We examine evidence from two unique discrete choice experiments (DCE) on long term care insurance and several of its relevant attributes, and more specifically, choices made by 15,298 individuals in the United States with and without insurance.We study the valuation of the following insurance...

This paper develops a revealed-preference approach that uses budget constrain discontinuities to price workplace safety. We track hourly workers who face the decision of how many hours to work at varying levels of Covid-19 risk and leverage state-specific discontinuities in unemployment...

Based on a spatial-temporal general equilibrium model, we rigorously derive a measurement method using dynamic changes in cross-sectional hedonic prices to estimate the willingness to pay for urban amenity improvements. Hedonic approaches in the form of difference-in-differences or regression...

Despite the pervasive use of pictorial brand logos, little is known about their effects on product value perceptions, expected product experience and willingness to pay premium. This study addressed the above-mentioned gap by building upon dual coding, anthropomorphism and biophilia theories to...