Article
Management
Ola Mahmouda
Summary: The paper argues that decision makers have a natural preference for diversification, with willingness to pay for it driven by risk aversion and loss aversion. In an experiment, the estimated value of diversification is around 5% of the initial amount, and risk-averse individuals are willing to pay more for diversification. These findings suggest that diversification is a fundamental preference that may help explain anomalies in portfolio choice.
MANAGEMENT SCIENCE
(2022)
Article
Public, Environmental & Occupational Health
Oliver Kaonga, Felix Masiye, Joses Muthuri Kirigia
Summary: This study examines the viability of increasing health financing through social health insurance in Zambia. The results indicate that while there is public support for social health insurance, the willingness to pay is relatively low and may not be sufficient to fund significant improvements in healthcare quality.
SOCIAL SCIENCE & MEDICINE
(2022)
Article
Mathematics, Interdisciplinary Applications
Xinya Guo, Yuanfeng Zhao, Muhammad Umer Arshad, Yufei Gong
Summary: The productivity of the agricultural sector is influenced by natural resources, and farmers worldwide are exposed to significant weather risks. China has been promoting various insurance products to manage the negative impact and risk associated with unpredictable natural events. This study focuses on farmers' preferences for insurance of corn crop, one of China's major grain productions, and finds that less experienced farmers with higher income tend to choose 60% full-cost insurance, while farmers with a lack of specialization and lower crop diversification prefer full-cost insurance. On the other hand, farmers with higher education prefer output value insurance. The findings suggest that the promotion of different agricultural insurance products could enhance protection levels and risk management in the agricultural sector.
DISCRETE DYNAMICS IN NATURE AND SOCIETY
(2022)
Review
Public, Environmental & Occupational Health
Ewunetie Mekashaw Bayked, Husien Nurahmed Toleha, Beletu Berihun Chekole, Birhanu Demeke Workneh, Mesfin Haile Kahissay
Summary: Ethiopia plans to introduce social health insurance but has faced opposition from public employees, causing delays in implementation. This review evaluates the willingness to pay for social health insurance in Ethiopia and identifies associated factors.
FRONTIERS IN PUBLIC HEALTH
(2023)
Article
Green & Sustainable Science & Technology
Per Espen Stoknes, Olav B. Soldal, Sissel Hansen, Ingvar Kvande, Sylvia Weddegjerde Skjelderup
Summary: The increasing global concern over climate issues is coinciding with a growing interest in agricultural climate solutions. Future scaling up of these solutions requires more knowledge about mitigation potential, costs, and financing options. Public willingness to pay for crowdfunded climate mitigation projects at the farm level is mainly influenced by knowledge of crowdfunding mechanisms and the comprehensibility and salience of the suggested agricultural measures.
Article
Ecology
Valentino Dardanoni, Carla Guerriero
Summary: Children and adolescents have definite economic preferences for environmental protection, with a higher willingness to pay for projects in their own country. The utility of environmental protection is greater for girls and teenagers, and a pro-environmental attitude reduces the likelihood of opting for continuation of the status quo. These findings are relevant to policy decisions on environmental conservation.
ECOLOGICAL ECONOMICS
(2021)
Article
Green & Sustainable Science & Technology
Qingxia Wang, Yim Soksophors, Angelica Barlis, Shahbaz Mushtaq, Khieng Phanna, Cornelis Swaans, Danny Rodulfo
Summary: The study explores Cambodian rice farmers' willingness to pay for weather-indexed insurance and finds that factors such as marital status, number of off-farm laborers, and farm size have a positive impact on farmers' willingness to pay, while the number of children in the household decreases the probability of demand for insurance.
Article
Public, Environmental & Occupational Health
Ochirbat Batbold, Christy Pu
Summary: The study found that less than 40% of participants in Mongolia were satisfied with the current mandatory social health insurance. Dissatisfaction was mainly due to low service quality. The predicted willingness to pay for parallel private health insurance for men and women was around 2.4% of the median or 1.7% of the average salary in the country. Income and past or current medical expenditures were found to be significantly associated with willingness to pay.
INTERNATIONAL JOURNAL FOR EQUITY IN HEALTH
(2021)
Article
Health Care Sciences & Services
Atalele Setegn, Gashaw Andargie, Getasew Amare, Ayal Debie
Summary: The study found that the majority of teachers were willing to pay the proposed premium for the health insurance scheme, with factors such as education level, monthly salary, attitudes, difficulty covering medical bills, information sources, and history of illness significantly associated with willingness to pay.
RISK MANAGEMENT AND HEALTHCARE POLICY
(2021)
Article
Public, Environmental & Occupational Health
Eshetie Meseret Amilaku, Fasil Walelign Fentaye, Asnakew Molla Mekonen, Ewunetie Mekashaw Bayked
Summary: This study investigated the willingness of public civil servants in Dessie City Administration, North-East Ethiopia, to pay for social health insurance and associated factors. The results showed that the overall willingness to pay for the scheme was low and it was influenced by attitudes, income level, illness, education level, and age.
FRONTIERS IN PUBLIC HEALTH
(2022)
Article
Agronomy
Mingyang Han, Ruifeng Liu, Hengyun Ma, Kaiyang Zhong, Jian Wang, Yifan Xu
Summary: This study used microdata from the China Labor Dynamics Survey to empirically test the impact of social capital on farmers' willingness to adopt agricultural technology. The results indicate that social trust has a significant positive impact on farmers' willingness to adopt new agricultural technologies, while social participation has no significant impact. Additionally, demographic changes were found to moderate the relationship between social capital and farmers' technology adoption behavior.
Article
Agricultural Economics & Policy
Julius Okello, Kelvin Mashisia Shikuku, Carl Johan Lagerkvist, Jens Rommel, Wellington Jogo, Sylvester Ojwang, Sam Namanda, James Elungat
Summary: A study was conducted to investigate the impact of social incentives and goal setting on the diffusion of agricultural knowledge and adoption of quality certified seed by farmers in Sub-Saharan Africa. The results showed that social incentives combined with goal setting had a negative effect on information sharing and farming discussions among trained progressive farmers. Additionally, these incentives did not significantly affect knowledge, experimentation, or willingness to pay for improved seed among co-villagers. These findings highlight the need for alternative approaches to promote the adoption of agricultural technologies in developing countries.
Article
Business
Shihua Chen, Yulin Chen, Khalil Jebran
Summary: This study introduces a new perspective by suggesting that firms' motive towards CSR is largely defined by the expected utility perspective. The positive effect on CSR from greater social trust in a region is attributed to the expected utility mechanism rather than the social normative mechanism. The association between social trust and CSR is stronger in regions where peers carry out high-level CSR and when a firm is strongly influenced by Confucianism.
JOURNAL OF BUSINESS RESEARCH
(2021)
Article
Agricultural Economics & Policy
Yulian Ding, Jianyu Yu, Yangyang Sun, Rodolfo M. Nayga Jr, Yunyun Liu
Summary: This study examines consumer preferences for newly introduced gene-edited (GE) food and how risk and ambiguity aversion influence consumers' willingness to pay (WTP) to avoid genetically modified (GM) or GE food. Data was collected through an online survey in China in 2020, and the multiple price list method was used to estimate premiums for conventional rice to avoid GM/GE rice. The results show that Chinese urban consumers are more concerned about the health, environmental, and ethical impacts of genetic modification compared to gene editing technology. Risk and ambiguity aversion both have significant negative impacts on consumers' WTP for gene technology food, with ambiguity aversion being more influential. However, there is no significant difference in how risk and ambiguity aversion affect consumers' WTP for GM or GE rice.
AGRICULTURAL ECONOMICS
(2023)
Article
Green & Sustainable Science & Technology
Lina Kan, Ranran Liu, Fang Su, Yan Bao
Summary: Farmers' perceptions of the sustainable development value of agricultural land have a significant impact on their intention to obtain financing secured by agricultural land, and social capital plays a negative moderating role in this relationship. There are differences in value perceptions of agricultural land between ordinary farmers and new management entities, which also affect their willingness for agricultural land secured financing.
