We propose and validate a simple way to augment the standard Becker-DeGroot-Marschak method that researchers use to elicit willingness to pay (WTP) for a good. The augmentation is to measure WTP for another good ("benchmark good"), one unrelated to both the good the researcher is interested in...

Stated preferences should ideally be elicited in ways providing respondents with economic incentives to report them truthfully. Survey design conditions for such incentive compatibility typically rely on consequentiality; that is, respondents believing that their survey responses matter for the...

Many countries have adopted lockdown measures to combat the coronavirus (COVID-19) pandemic. The lockdowns in the state of Victoria (VIC), Australia, however, are unique in that the government divides VIC into two distinct areas using Ring of Steel boundary, and consistently places more...

The transition to a cleaner and greener energy production requires storing the energy produced from renewable energy sources. Hydrogen is an promising vector for storing the surplus energy from RES for use at a later time. The present study uses a discrete choice experiment and a mixed logit...

To sell or store? Assessing smallholder farmers’ willingness to pay for potato cold storage in Kenya Storage of food commodities for some time after harvests can play an important role in alleviating the downside of price fluctuations and significantly smoothen consumption of food in...

This paper studies the behavioral and socio-demographic determinants of compliance with prophylactic measures against COVID-19: barrier gestures, lockdown restrictions and mask wearing. The study contrasts two types of behavioral determinants: experimentally elicited preferences (risk tolerance,...

This paper makes two contributions: we shed light on the value of two marine ecosystemfrom the point of view of those living in them and add to the growing literature on the linksbetween the value of time and the value of non-priced goods. We show theoretically that WTP,for a small environmental...

While public opinion research has identified the drivers of preferences for tax progressivity,public spending and support for redistribution, the study of willingness to pay taxes remainsunderdeveloped. This paper uses the 2016 ISSP cross national survey on the Role of Governmentand the Risks...

In benefit-cost analysis, ideally the values placed on nonfatal risk reductions would reflect the preferences of those affected by a policy; i.e., individuals’ willingness to exchange their own income to achieve a reduction in their own risk. Presumably, this willingness to pay (WTP) accounts...