Embedding effect and the consequences of advanced disclosure: evidence from the valuation of cultural goods

Submitted by César Salazar on

This study revisits the embedding effect, a long-standing problem in the nonmarket valuation literature. The embedding effect was a popular research topic during the 1990s, especially following the Exxon Valdez oil spill in Alaska. It has resurfaced after a special issue of The Journal of Economic Perspectives in 2012 in which Jerry Hausmann asserts that among the three long-standing problems with contingent valuation, the embedding effect is the most challenging.

Experiments

Knowing how and knowing when: unpacking public understanding of atmospheric CO2 accumulation

Submitted by Samuel Wakuma on
EfD Authors:

Abstract It has been demonstrated that most people have a limited understanding of atmospheric CO2 accumulation. Labeled stock-flow (SF) failure, this phenomenon has even been suggested as an explanation for weak climate policy support. Drawing on a typology of knowledge, we set out to nuance previous research by distinguishing between different types of knowledge of CO2 accumulation among the public and by exploring ways of reasoning underlying SF failure. A mixed methods approach was used and participants (N = 214) were enrolled in an open online course.

Climate Change, Experiments