The endowment effect is a phenomenon whereby ownership increases the perceived value of goods, thereby reducing the willingness to trade. This paper presents the results of a field experiment, designed to assess the robustness of this effect when decisions concern unique, nontangible instruments...

Background Significant gaps in scholarship on the cost-benefit analysis of haemodialysis exist in low-middle- income countries, including Nigeria. The study, therefore, assessed the cost-benefit of haemodialysis compared with comprehensive conservative care (CCC) to determine if haemodialysis is...

Objectives Value-based insurance design (VBID) aims to direct consumers' preferences by incentivizing the use of high-value care and discouraging the use of low-value care. However, consumers often have limited knowledge of health insurance and the health insurance system, possibly distorting...

Adopting renewable energies at the individual level is required to mitigate greenhouse gas emissions, reduce reliance on fossil fuels, and transition to a society based on green energy. This study taps into this topic by exploring why and which consumers would adopt renewable energies using two...

Public support is critical for the incorporation of farm animal welfare (FAW) standards into national food policies. Multiple pathways, e.g., market-based policies, political mandates, and donations to animal charities, exist for the public to influence these standards. The challenge often...