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welfare paradigm and can help to solve conceptual issues regarding the integration of sustainability into antitrust … welfare effects analysis in antitrust. Key to our solution is the prediction of preferences of new consumers and changing … preferences of existing consumers in the future. The dimension of time is inextricably linked with that of sustainability. Taking …
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This paper integrates several areas of the literature by more fully developing the linkage between demand estimates and the welfare effects of food labels and bans for three common survey/experimental approaches used to elicit consumer preferences. We present empirical applications related to...
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Willig (1976) argues that the change in consumer's surplus is often a good approximation to the willingness to pay for a price change: if the income elasticity of demand is small, or the price change is small, then the percentage error from using consumer's surplus is small. If the price of a...
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valuation analysis). This observation is of particular relevance when WTP regards sustainability, the "non-use value" of which … sustainability, while keeping the analytical framework within the realm of the CW paradigm. In terms of practical implications, we … sustainability, as they may rather echo learnt but unreflected heuristics and may be subject to the specific shopping context, such …
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