Switching costs are costs that customers face when switching from one firm to another. In markets such as the airline market where repeated purchases are common, switching costs may be substantial. In…

This paper proposes that people derive utility not only from goods or their attributes as in standard models, but also from their self-image as influenced by their own perception of their preferences…

The regulation of industrial pollution is difficult in a rapidly industrialising, low-income setting. This study looks at the efforts to regulate chemical plants in Ankleshwar, the largest chemical…

There has long been a great deal of interest in methods for analyzing energy use and energy use intensities. Many methods developed within energy studies are also applicable in other areas where…

In this paper, we discuss the effect of refunding environmental charges. Taxes are often resisted by polluters because they imply both abatement and tax costs. When charges are refunded, the…

This paper compares consumer preferences for immunocastration versus surgical castration and no castration using willingness- to-pay estimates from a choice experiment. Results suggest that consumers…

An optimal first-best road charge should not only be differentiated with respect to factors that affect the direct external environmental and time costs from the road-user himself. Indirect effects…

National parks attract tourists to developing countries. However, there are only rare cases where the full economic rent from tourism in protected areas has been captured by these countries. This…

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…

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…