One of the most prominent areas of research in psychology concerns understanding people’s preferences. In this paper, we critically examine one of the most used preference elicitation procedures: willingness-to-pay (WTP). Contrary to assumptions that WTP captures personal preferences (i.e.,...

We survey a representative sample of the U.S. population to understand stakeholders’ desire to see their firms exit Russia after the invasion of Ukraine. 61% of respondents think that firms should exit Russia, regardless of the consequences. Only 37% think that leaving Russia is a purely...

This paper revisits a vertically differentiated duopoly game where producers first simultaneously set qualities and then simultaneously set prices. We theoretically and experimentally explore the impact of different consumers’ preferences dispersion levels. We find that firms suboptimally...

We present an experimental study of investors’ willingness to pay for socially responsible assets. We design an initial public offering experiment in which various assets may be issued with an identical financial risk and return profile but with different intensity and timing of social...

We propose a risk neutral approach to forecast the cashflows of music catalogs, based on historical revenue data. We use a discounted cashflows formula to produce reasonable ranges of multipliers for these assets, based on the age of the catalog, the last-twelve-months revenue and the duration...

This paper describes a randomized controlled field experiment designed to measure how individuals respond to racial and gender diversity in representations of certain archetypical occupations. We ask participants in two pools – a tech conferences and online – to evaluate their user...

We estimate demand models with revealed preference (RP) site selection and stated preference (SP) discrete choice experiment marine recreational fishing data. We combine RP data from the Marine Recreational Information Program (MRIP) creel survey with SP survey data from 2003/04. RP and SP data...

Temporal aspects of environmental preferences and willingness to pay (WTP) have not yet received attention comparable to their importance. We investigate how WTP and preferences have evolved over five years. Data generated by two identical contingent valuation surveys on oil spill prevention...

This paper investigates the role of reputability and public policy on the shipper’s willingness to pay for visibility features in an emerging market. In recent years, vehicle visibility has penetrated rapidly into business thanks to geographic positioning systems (GPS) devices, which allow...

Recreational services are demanded because they generate benefits. The recreational benefits connected with a destination can be valued based on visitor preferences, which can aid in the formulation of an appropriate Natural Resource Management policy. Environmental and natural resource...