The contingent valuation (CV) method uses respondents’ stated choices made in hypothetical situations to infer their preferences for environmental public goods. It enables the general public’s preferences to be stated in monetary terms and hence to estimate the economic value of a change in...

We report results from a trust game applied in a dynamic setting, which enhances investment possibilities and offers higher potential payoff from cooperation. The proposed approach better reflects the predicaments people face in concluding informal contracts and enables to investigate dynamics...