Using an economic experiment in conjunction with a survey, we analyze whether consumers’ hypothetical willingness-to-pay responses are effective predictors of actual market behavior. We model revealed preferences as a function of socio-demographic characteristics and instrumental variables...

This special issue is a collection of papers that address three questions of critical importance to the design of eco-labeling marketing strategies and policies. These three questions deal respectively with the efficiency of eco-labels when considering market structure and trade, the credibility...

In experimental auctions, participants are usually given an initial endowment or cash compensation that will cover the costs associated with their bids in the experiment as well as their participation time. This study analyses participants' bids in a randomly binding second-price auction to test...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>We use instrumental variable methods to investigate whether the impact of parental smoking habits on their children's smoking decisions is a causal one. We find suggestive evidence of same-sex role models in two-parent households: mothers play a more crucial...</p>

Transport is essential for the control of future greenhouse gas (GHG) emissions and thus a target for active policy intervention in the future. Yet, social preferences for policies are likely to play an important role. In this paper we first review the existing literature on preferences...