In this section, we allow consumers’ base valuations for the product to be uniformly distributed on the interval [vl, vh], independent of consumer type (socially conscious or non-socially conscious), where V = vh vl is defined as the width of the consumer valuation distribution. Socially conscious consumers are assumed to have homogenous, additive willingness-to-pay for responsibility equal to ...

On the basis of a low probability insurance experiment with substantial money on the line, we demonstrate that concern is an important driver of willingness to pay (WTP) for insurance when there is ambiguity surrounding the estimate. Concern still plays an important role when probabilities are given precisely. This finding explains why some individuals pay too much and others little for insuran...

We explore the implications of four natural axioms in taxation: continuity (small changes in the data of a taxation problem should not lead to large changes in the tax allocation), equal treatment of equals (agents with the same pre-tax incomes pay equal taxes), consistency (the way in which a group allocates a tax burden is immune to secessions of taxpayers) and composition down (an increase i...

Professional sport, like most human activities undertaken for pay, is subject to Article 23(2) of the Universal Declaration Human Rights (“Equal Pay Equal Work”). An athlete’s ’work’ can be variously construed, however, as entertainment/profit generation, athletic performance, or effort. Arguments in support gender wage parity professional sport that are based on former two construals must rely...

Abstract Regulatory impact analyses of proposed environmental, occupational, and consumer product safety regulations often rely on a metric known as the Value per Statistical Case Cancer (VSCC), that is, public’s willingness to pay (WTP) for reductions in risk developing cancer. In this paper, we ask whether VSCC depends cancer survival prospects. We develop simple theoretical model shows under...

In this paper I argue that moral agents are obligated to include and pay respect to the equal treatment, equal opportunities and justice of groups and identities usually marked by marginalization, discrimination and/or oppression in the domain of digital games. As a result, I point towards how individual and collective moral agents in digital games culture can pay respect through recognition an...

In a static setting, willingness to pay for an environmental improvement is equal to compensating variation. In a dynamic setting, however, willingness to pay may also contain a commitment cost. In this paper we incorporate the dynamic nature of the value formation process into a stated preference study designed to test whether there is an important dynamic component (commitment cost) in stated...

We identify and test a specific psychological mechanism underlying cross-national differences in preferences for performance-based versus redistributive compensation systems. We posit that individuals’ beliefs in the inherent justness and deservedness of individual outcomes (i.e., just world beliefs: JWBs) can help explain individual and culture-level variation in preferences for these compensa...

BACKGROUND Cost-sharing between beneficiaries and governments is critical to achieve universal health care coverage. To address this, Ethiopia is currently introducing Social Health Insurance. However, there has been limited evidence on willingness to join the newly proposed insurance scheme in the country. The purpose of this study is to assess willingness to join and pay for the scheme among ...