The Relation of Happiness and Willingness to Pay Taxes: Are Happier People more Willing to Pay Taxes?

Are People Willing to Pay to Reduce Others’ Incomes

This paper studies utility interdependence in the laboratory. We design an experiment where subjects can reduce (“burn”) other subjects’ money. Those who burn the money of others have to give up some of their own cash to do so. Despite this cost, and contrary to the assumptions of economics textbooks, the majority of our subjects choose to destroy at least part of others’ money holdings. We var...

Willingness to pay... What???

Willingness to pay is a term used in economics, which can be defined as the maximum amount a person would be prepared to pay, sacrifice or exchange in order to receive goods or services or to avoid something that is undesired. It can be used in medicine as a method for assessing the value of health benefits in a cost-benefit analysis. One indication of the importance of this concept is the prog...

Is Society Willing to Pay More for Children’s Safety

Most studies on the value of statistical life (VOSL) and values for prevention of injuries provide only the average values for the population. It is often argued that the values for children may be higher than that for adults because parents are usually more concerned about the mortality and morbidity risks of their children than for themselves. However, determining separate VOSLs for children ...

Willingness of end users to pay for e-waste recycling

BACKGROUND AND OBJECTIVES: The sheer volume of electrical and electronic waste (e-waste) has presently been generated in Vietnam, posing a growing concern regarding its impact can have on the environment and human health. Therefore, the need for developing policies and regulations towards the environmentally sound management of e-waste is becoming crucial. Although the municipa...

Meat traceability: Are U.S. consumers willing to pay for it?

This article reports the results from a series of laboratory auction markets in which consumers bid on meat characteristics. The characteristics examined include meat traceability (i.e., the ability to trace the retail meat back to the farm or animal of origin), transparency (e.g., knowing the meat was produced without added growth hormones, or knowing the animal was humanely treated), and extr...

Connecting Taxes and Willingness to Pay for Farmland Protection: A Comparison of Local and State Funded Alternatives in New York