Preferences for Intrinsically Risky Attributes

Autor:	Daniel A. Brent, Anke Leroux, Zack Dorner
Rok vydání:	2019
Předmět:	Microeconomics Economics and Econometrics IT risk Actuarial science Time consistency business.industry Water supply Preference elicitation Business Environmental Science (miscellaneous)
Zdroj:	Land Economics. 95:494-514
ISSN:	1543-8325 0023-7639
DOI:	10.3368/le.95.4.494
Popis:	Incentivized experiments and stated preference methods are commonly viewed as substitutes in preference elicitation. We leverage the distinct strengths of each approach by combining a fully incentivized risk experiment with a stated preference survey to model utility for intrinsically risky attributes. A door-to-door survey of 981 participants in a drought-prone region elicits preferences for alternative sources of municipal water, conditional on water price and quality. Participants’ observed and imputed risk attitudes are incorporated into preference estimation. Our results are consistent with the hypothesis that participants are concerned about water supply risk, but not about new technology risk.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::b5292eec60dfa1d62b8cf1ce4b244bda https://doi.org/10.3368/le.95.4.494 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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