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Evidence suggests that consumers do not perfectly optimize, contrary to a critical assumption of classical consumer theory. We propose a model in which consumer types can vary in both their preferences and their choice behavior. Given data on demand and the distribution of prices, we identify...
Persistent link: https://www.econbiz.de/10015135346
In preparation for the 1998 soccer World Cup, France banned the use of soccer balls made with child labor. As a result of that ban, Baden Sports, the company that supplied the soccer balls, closed down its Pakistani soccer ball operations, which used child labor, and moved production to China,...
Persistent link: https://www.econbiz.de/10014127325
Persistent link: https://www.econbiz.de/10001788944
Stated preference (SP) surveys have been conducted to value non-timber benefits (NTBs) from forests in Norway, Sweden and Finland for about 20 years. The paper first reviews the literature and summarises methodological traditions in SP research in the three countries. Second, a meta-regression...
Persistent link: https://www.econbiz.de/10014213234
This work aims at analysing the value of recreational water uses for the Idro Lake (Lombardy, Northern Italy), which has been experiencing dramatic fluctuations in its levels in recent years, due to excessive productive withdrawal that affected recreational uses. It estimates the economic...
Persistent link: https://www.econbiz.de/10014222563
The objective of this study was to test for the effect of consequentiality on the probability of a respondent opting out of voting in a stated preference survey. We find that respondents who believe the survey is inconsequential are more likely to opt out than to vote ‘yes’ in both...
Persistent link: https://www.econbiz.de/10014144007
This paper proposes a flexible modelling approach for either stated or revealed preference nonmarket valuation studies based on Generalized Additive Models (GAMs). GAMs encompass non-linear relationships via smooth functions, thereby avoiding imposing restrictive parametric specifications, which...
Persistent link: https://www.econbiz.de/10013146758
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...
Persistent link: https://www.econbiz.de/10014241015
The choice experiment elicitation format confronts survey respondents with repeated choice tasks. Particularly within the context of valuing pure public goods, this repetition raises two issues. First, does advanced awareness of multiple tasks influence stated preferences from the outset, and...
Persistent link: https://www.econbiz.de/10003739637
We develop and apply a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework (Becker 1965), and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...
Persistent link: https://www.econbiz.de/10011591696