This paper contributes towards the development of an approach that would generate welfare measures that accommodate non-expected utility risk preferences. Combining the merits of elicitation approaches used in field experiments with contingent valuation, we embed an experimental design that systematically varies probabilities and losses across a survey sample in a willingness to pay elicitation...

BACKGROUND Cardiovascular malformations (CVM) are one of the most prevalent groups of birth defects. Knowledge about the prevalence, distribution and survival in Russia has been limited. The aim of our study was to assess the perinatal prevalence, structure and risk factors for CVM among newborns in Monchegorsk (Murmansk Oblast, Russia) and the mortality among the affected newborns in the perio...

The purpose of this paper is to evaluate economic benefits associated with agricultural landscape-cultivating services provided as an input on behalf of the tourism sector in Austria. Applying the Contingent Valuation Method (CVM) 4600 tourists spending vacations in Austria were asked about their willingness to pay for these services in the summer of 1991. The mean and median was 9.20 ATS and 3...

Market mechanisms are deemed promising for distributed resource allocation settings by explicitly involving users into the allocation process. The market considers the users’ and providers’ valuations to generate efficient resource allocations and prices. In theory, valuations are assumed to be known to the user. In practice, however, this is not the case. It is a complex burden for both users ...

Economic valuation of water is useful in the administration and management of water. Population growth and urbanization caused municipal water demand increase in Iran. Limited water resource supply and urban water network capacity raised complexity in water resources management. Present condition suggests using economic value of water as a criterion for allocating policies and feasibility study...