We investigate the importance of relative income within the Indian Caste system, using a choice experiment. We find that slightly more than half of the marginal utility of income comes from some kind…

If communities living adjacent to the elephant see it as a burden, then they cannot be its stewards. To assess their valuation of it, a contingent valuation method study was conducted for one CAMPFIRE…

With decentralization experiments occurring in the Chinese forestry sector, the authors used a survey-based choice experiment to investigate farmers’ preferences for various property-rights attributes…

Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program’s performance over the past 10 years…

In permit trading systems, free initial allocation is common practice. A recent example is the European Union Greenhouse Gas Emission Trading Scheme (EU-ETS). We investigate effects of different free…

This paper attempts to bring some central insights from behavioural economics into the economics of climate change. In particular, it discusses (i) implications of prospect theory, the equity premium…

Does relative income have an impact on subjective well-being among extremely poor people? Contrary to the findings in developed countries, where relative income has shown a significant and negative…

The author investigated the Zimbabwean Fast Track Land Reform Program’s (FTLRP) impact on the agricultural productivity of its beneficiaries. The data revealed significant differences between…

The author analyzes the role of environmental policies and energy cost savings in the switch to natural gas by stationary sources in Chile. There is skepticism about using market-based policies…

A nature field experiment and a choice experiment of the payment system of voluntary contribution. Evidence from Cahuita National Park in Costa Rica. This study investigates what affects the…