This article presents an estimate of the benefits of reducing crime using the contingent-valuation (CV) method. We focus on gun violence, a crime of growing policy concern in America. Our data come from a national survey in which we ask respondents referendum-type questions that elicit their willingness-to-pay (WTP) to reduce gun violence by 30%. We estimate that the public’s WTP to reduce gun ...

Embedding is the widely-observed phenomenon that a good is assigned a higher value if evaluated on its own rather than as part of a more inclusive set. Embedding is considered a serious problem affecting the quality of many environmental management and health risk policy judgments. This paper presents the results of an experiment involving of a structured, small-group approach for conducting en...

Annuities can be effective tools in managing longevity risk in retirement planning. This paper develops a framework that merges annuity purchase decisions with consumption-investment selections. After introducing a pricing model and a benefit payment model for an annuity, we construct a multi-period wealth evolution model. An optimization problem is formulated with an objective of maximizing li...

Nutrient labeling is found to significantly affect consumer purchase behavior; some evidence that consumers may act as if they hold nutrient (or health risk) budgets is found. Providing nutrient information may allow consumers to more easily switch consumption away from 'unhealthy' products in those food categories where differences in other quality characteristics (e.g., taste) are relatively ...

This study examines how the level of financial development in a community affects households’ decisions over how remittance income is spent. My findings suggest that in communities without banks remittances are more likely to be used for productive investments or to purchase assets. Increasing the size of the financial sector in communities with banks present increases the likelihood that remit...

today more than ever customer orientation as the most important competitive advantage has gained an increasing importance. this paper aims to examine the relation between perceived value, perceived quality, customer satisfaction, and re-purchase intention in tehran department stores. this is a descriptive survey study. the statistical population of the research is composed of customers of the t...

1 2 6 12 18 24 36 42 44 48 50 52 54 56 58 61 Summary Report overview 1. Recent trends in average fuel consumption for new cars 2. How great is the technical potential to reduce new car fuel consumption by 2020 and by 2030? 3. The critical distinction between the technical potential to improve fuel economy and how much of that technical potential is realized 4. Policies to encourage the producti...

How do consumers decide how many units to buy? This is a key issue for researchers, retailers, and manufacturers. While past research has focused on purchase incidence and brand choice, this research focuses on the psychological process behind the purchase quantity decision and shows how marketers can exert influence. We propose that a simple anchoring and adjustment judgment model describes ho...