Numerous experimental studies have lent credence to the hyperbolic discounting model, which posits that individuals are impatient about immediate or near-term consumption decisions, but are relatively…

This paper analyses the development and economic functioning of the car guards industry with the understanding that the market exhibits quasipublic good characteristics. Car guards have become a part…

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…

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…

This paper proposes that ethnicity coupled with ethnic nepotism may reduce interpersonal generalised trust. We use the 2001 wave of the World Values Survey data for eight African countries to test…

This study measured the discount rates of 262 farm households in the Ethiopian highlands, using a time preference experiment with real payoffs. In general, the median discount rate was very high and…

The effects of stake size on cooperation and punishment are investigated using a public goods experiment. The effects of stake size on cooperation and punishment are investigated using a public goods…

Objectives: To estimate household willingness to pay (WTP) for cholera vaccines in a rural area of Bangladesh, which had participated in a 1985 oral cholera vaccine trial. Methods: A contingent…

The empirical analysis in this paper shows that production risk plays a significant role in sustainable land-management technology adoption in the Ethiopian highlands. The adoption and intensity…