Since 1999 a multilateral effort termed the Nile Basin Initiative has been underway among the Nile riparians to explore opportunities for maximizing the benefits of the river's waters through…

This paper seeks to provide the theoretical underpinnings for the optimal pricing of protected areas used in recreational activities, from the perspective of a local park agency interested in…

In two experiments on the choice of consumer goods, the estimated marginal willingness to pay for food is found to be lower in the survey version with cheap talk. Our test can be seen as a test of…

This paper investigates two complementary pieces of data on households’ demand for improved water services, coping costs and willingness to pay (WTP), from a survey of 1500 randomly sampled households…

Individuals’ preferences for risk and inequality are measured through choices between imagined societies and lotteries. The median relative risk aversion, which is often seen to reflect social…

Many argue that it is socially inefficient to use distributional weights in cost-benefit analysis, and that doing so implies large inefficiency losses, when distributional matters can be dealt with…

This paper employs a choice experiment to obtain consumer preferences and willingness to pay for food product quality attributes currently not available in Sweden. Data were obtained from a large mail…

We find, using survey-experimental methods, that most individuals are concerned with both relative income and relative consumption of particular goods. The degree of concern varies in the expected…

We investigate the effectiveness of different smoking policies on smokers’ expectations to quit smoking using a choice experiment on a sample of smokers identified within the World Health Organization…

Global environmental problems are often assumed to imply extensive inefficiencies since there is no global authority corresponding to the government at a national level. This paper shows, on the…