Journal ArticleDOI
Valuing public goods: The purchase of moral satisfaction
Daniel Kahneman,Jack L. Knetsch +1 more
TLDR
Contingent valuation surveys in which respondents state their willingness to pay (WTP) for public goods are coming into use in costbenefit analyses and in litigation over environmental losses.About:
This article is published in Journal of Environmental Economics and Management.The article was published on 1992-01-01. It has received 1936 citations till now. The article focuses on the topics: Contingent valuation & Willingness to pay.read more
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Journal ArticleDOI
ERC: A Theory of Equity, Reciprocity, and Competition
Gary E. Bolton,Axel Ockenfels +1 more
TL;DR: The authors demonstrate that people are motivated by both their pecuniary payoff and their relative payoff standing, and demonstrate that a simple model, constructed on the premise that people were motivated by either their payoff or their relative standing, organizes a large and seemingly disparate set of laboratory observations as one consistent pattern, which explains observations from games where equity is thought to be a factor, such as ultimatum and dictator, games where reciprocity is played a role and games where competitive behavior is observed.
Posted Content
Psychology and Economics
TL;DR: In this paper, the authors present a longer version of an essay under preparation for possible publication in the Journal of Economic Literature, which they refer to as their work on reference-dependent utility.
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Incentives and Prosocial Behavior
TL;DR: This paper developed a theory of prosocial behavior that combines heterogeneity in individual altruism and greed with concerns for social reputation or self-respect, and analyzed the socially optimal level of incentives and how monopolistic or competitive sponsors depart from it.
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Contingent Valuation: Is Some Number Better than No Number?
TL;DR: In this article, the authors conclude that current methods are not suitable for damage assessment or benefit-cost analysis, and they believe the problems come from an absence of preferences, not a flaw in survey methodology, making improvement unlikely.
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The Value Basis of Environmental Concern
Paul C. Stern,Thomas Dietz +1 more
TL;DR: In this article, a theory that links values, beliefs, attitudes, and behavior within a preference construction framework that emphasizes the activation of personal environmental norms is presented and empirical tests of the theory are presented.
References
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Book
Using surveys to value public goods : the contingent valuation method
TL;DR: Mitchell and Carson as discussed by the authors argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods, an approach likely to succeed, if used carefully, where other methods may fail.
Journal ArticleDOI
Impure altruism and donations to public goods: a theory of warm-glow giving*
TL;DR: In this paper, the invariance proposition of public goods and the optimal tax treatment of charitable giving are discussed. And the authors show that impure altruism is more consistent with observed patterns of giving than the conventional pure altruism approach, and has policy implications that may differ widely from those of the conventional models.
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Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence
TL;DR: The authors formally developed a model of giving in which altruism is not "pure." In particular, people are assumed to get a "warm glow" from giving, and this model generates identifiable comparative statics results that show that crowding out of charity is incomplete and that government debt will have Keynesian effects.
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Measuring Values of Extramarket Goods: Are Indirect Measures Biased?
TL;DR: In this paper, the authors proposed a hypothetical valuation (HV) approach to elicit willingness to pay for or willingness to accept compensation for a recreational or other extramarket good (or bad).
Journal ArticleDOI
Valuing Environmental Goods: An Assessment of the Contingent Valuation Method
TL;DR: In this article, an assessment of the Contingent Valuation Method for Environmental Goods is presented, with a focus on the use of a taxonomy of environmental goods and their attributes.