Article
Environmental Sciences
Menghua Yang, Hong Chen, Ruyin Long, Yujie Wang, Congmei Hou, Bei Liu
Summary: The study found that the public's willingness to pay a price premium for green products is generally low, with influencing factors including conditional value, green value, functional value, value expression form, and price importance. Economic factors remain the main hindrance to the public's willingness to pay a price premium for green products.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2021)
Article
Green & Sustainable Science & Technology
Jiarong Shi, Zihao Jiang
Summary: Green consumption is a realistic alternative for sustainable development. The influence of a reference group on consumers' willingness to pay a premium price for green products is still unclear. This study investigates how reference groups affect consumers' willingness to pay for different categories of green products and evaluates the moderating effect of environmental awareness.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Agricultural Economics & Policy
Riccardo Scarpa, Cristiano Franceschinis, Mara Thiene
Summary: The logit-mixed logit (LML) model advances choice modeling by generalizing previous parametric and semi-nonparametric specifications, outperforming conventional mixed logit models (MXL) in terms of bias, and achieving lower mean squared error (MSE) only at larger sample sizes with some nuances.
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS
(2021)
Article
Economics
Chelsea Hotaling, Stephen Bird, Martin D. Heintzelman
Summary: This study conducted a discrete choice experiment to investigate the willingness to pay for community microgrid services during extended power outages among 939 respondents from New York State. The results suggest a positive willingness to pay for microgrid services, particularly for hospital and emergency services, potable water, shelters, and retail outlets.
Article
Agricultural Economics & Policy
Sawssan Boufous, Darren Hudson, Carlos Carpio
Summary: We examined US consumers' preferences and willingness to pay for cotton apparel production and country of origin attributes. Through a choice-based conjoint experiment and information treatments, we found that consumers are willing to pay more for cotton apparel from the United States and for apparel made from fiber produced in organic systems. Only certain consumer subgroups were affected by information regarding potential labor exploitation.
Article
Agricultural Economics & Policy
Romain Crastes Dit Sourd
Summary: This paper introduces a new distribution called the mu-shifted negative log-normal distribution for the price parameter in mixed multinomial logit models. The new distribution has desirable properties for welfare analysis and helps mitigate the exploding implicit prices issue commonly found in preference space models. The distribution is tested on five stated preference datasets and compared to alternative approaches such as the willingness-to-pay (WTP) space approach. The results show that the mu-shifted distribution yields lower mean marginal WTP estimates while fitting the data well.
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS
(2023)
Article
Fisheries
Sean Pascoe, Samantha Paredes, Louisa Coglan
Summary: The Australian fishing industry is facing challenges from cheaper imports and the COVID-19 pandemic, and is exploring ways to improve its economic viability. Local seafood promotion has been successful elsewhere and may create opportunities for fishermen to tap into a previously underutilized market. This study investigates the willingness to pay for the attribute of "local" in comparison to sustainability and freshness when purchasing fish, using a choice experiment with Queensland seafood consumers. The results show that freshness is the most important attribute, followed by sustainability and then origin. Consumers from regional coastal areas are willing to pay more for locally produced fish, while those from metropolitan areas are less concerned about product origin. Developing a local label may serve as a proxy indicator for freshness and sustainability, benefiting both fishermen and consumers.
FISHERIES RESEARCH
(2023)
Article
Geosciences, Multidisciplinary
Chiara D. D'Alpaos, Paolo Bragolusi
Summary: The majority of Italian buildings do not meet adequate aseismic design standards and are at risk of earthquakes. Seismic retrofitting plays a crucial role in reducing vulnerability and generating market price premiums for retrofitted buildings. This paper estimates the market price premiums of seismically retrofitted buildings in Italy using a survey-based method.
INTERNATIONAL JOURNAL OF DISASTER RISK REDUCTION
(2022)
Article
Green & Sustainable Science & Technology
M. Danne, S. Meier-Sauthoff, O. Musshoff
Summary: The study shows that the main factors influencing consumers' decision to switch to green energy include the source of green energy, whether the switching process can be outsourced, and the individual's attitude towards the renewable energy sources levy. The government should focus on supporting wind and solar energy, and introducing a switching bonus based on the current EEG levy amount could be a promising strategy to increase acceptance of green energy tariffs.
ENERGY SUSTAINABILITY AND SOCIETY
(2021)
Article
Development Studies
Linda Arata, Gianni Guastella, Stefano Pareglio, Riccardo Scarpa, Paolo Sckokai
Summary: Undeveloped land near urban areas has the potential to provide high amenity values for urban residents through environmentally-friendly agricultural practices. Surveys show that a large share of the urban population is willing to pay for specific ecological benefits, with preferences varying based on income levels.
JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT
(2021)
Article
Operations Research & Management Science
Lixiang Li, Min Li, Hailun Zhang, Lianmin Zhang
Summary: This paper examines multi-product price optimization using the extended nested logit (ENL) model, which includes nested logit, increasing linear nested stochastic, and two-stage nested attraction models as special cases. The well-known constant adjusted markup and adjusted nest-level markup properties are extended to ENL. The authors also provide sufficient conditions under which the objective function is unimodal and provide upper and lower bounds for the optimal adjusted nest-level markup when preconditions are not met.
OPERATIONS RESEARCH LETTERS
(2023)
Article
Economics
Laura Grigolon
Summary: The study's model reveals that in differentiated product markets, consumers tend to switch to neighboring segments when substituting products. Therefore, it is important to consider the impact of asymmetric substitution when evaluating the effects of new product introductions or subsidies on fuel-efficient vehicles.
QUANTITATIVE ECONOMICS
(2021)
Article
Economics
Ghislaine Lang, Mehdi Farsi, Bruno Lanz, Sylvain Weber
Summary: Homeowners value energy efficiency more than actual heating cost savings, indicating consideration of non-monetary benefits; information about private and pro-social benefits has limited impact on WTP; homeowners have a strong preference for existing technology.
RESOURCE AND ENERGY ECONOMICS
(2021)
Article
Engineering, Multidisciplinary
Wei Qi, Junlin Pei, Xuwang Liu
Summary: This paper studies the pricing optimization of product line with value-added services considering consumer choice behavior. It establishes a multinomial logit (MNL) model-based product line pricing optimization model. Through numerical experiments, it analyzes the changing trends of product line pricing, market share, and profit under different scenarios, and obtains some managerial implications.
JOURNAL OF THE CHINESE INSTITUTE OF ENGINEERS
(2023)
Article
Business
Peter Kwasi Oppong, Nicholas Oppong Mensah, Daniel Berko
Summary: This study examined the impact of word-of-mouth on customers' willingness to pay a price premium in the herbal industry, with the intervening role of brand credibility and trust. The findings indicate that brand credibility partially mediates the relationship between word-of-mouth and willingness to pay a price premium, as well as brand trust. Additionally, the study confirmed that brand trust influences the relationship between word-of-mouth, herbal brand credibility, and willingness to pay a price premium. The study concludes that both herbal brand credibility and brand trust are critical for generating favorable word-of-mouth and enhancing customers' willingness to pay a price premium.
JOURNAL OF AFRICAN BUSINESS
(2023)
Article
Agricultural Economics & Policy
Wiktor Budzinski, Danny Campbell, Mikolaj Czajkowski, Urska Demsar, Nick Hanley
JOURNAL OF AGRICULTURAL ECONOMICS
(2018)
Article
Ecology
Gianluca Grilli, Sandra Notaro, Danny Campbell
ECOLOGICAL ECONOMICS
(2018)
Article
Agricultural Economics & Policy
Erlend Dancke Sandorf, Danny Campbell
EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS
(2019)
Article
Agricultural Economics & Policy
Ellen J. Van Loo, Rodolfo M. Nayga, Danny Campbell, Han-Seok Seo, Wim Verbeke
EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS
(2018)
Article
Economics
Hanjin Li, Danny Campbell, Seda Erdem
Summary: This paper investigates consumers' repayment decisions and their time preferences through a hypothetical study using a stated-preference approach. The findings suggest heterogeneity in repayment behavior and decision-making, which vary across sociodemographic groups and different loan sizes. This information can be used to tailor strategies for mitigating consumer debts.
JOURNAL OF QUANTITATIVE ECONOMICS
(2022)
Article
Multidisciplinary Sciences
Erlend Dancke Sandorf, Danny Campbell, Caspar Chorus
Summary: This paper develops a simple and tractable model to capture satisficing behavior and examines its implications for explaining choice. The model retrieves consistent parameters under a wide range of experimental conditions and is tested on synthetic data. The results suggest the potential use of satisficing choice models in understanding decision-making under incomplete information.
Article
Health Care Sciences & Services
Danny Campbell, Seda Erdem
PATIENT-PATIENT CENTERED OUTCOMES RESEARCH
(2019)
Article
Economics
Caspar G. Chorus, Baiba Pudane, Niek Mouter, Danny Campbell
JOURNAL OF CHOICE MODELLING
(2018)
Article
Business
Danny Campbell, Morten Raun Morkbak, Soren Boye Olsen
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT
(2018)
Article
Environmental Studies
Suzanne van Osch, Stephen Hynes, Tim O'Higgins, Nick Hanley, Danny Campbell, Shirra Freeman
Article
Economics
Seda Erdem, Danny Campbell
EUROPEAN JOURNAL OF HEALTH ECONOMICS
(2017)
Article
Economics
Mikolaj Czajkowski, Wiktor Budzinski, Danny Campbell, Marek Giergiczny, Nick Hanley
ENVIRONMENTAL & RESOURCE ECONOMICS
(2017)
Review
Economics
Keila Meginnis, Danny Campbell
INTERNATIONAL REVIEW OF ECONOMICS EDUCATION
(2017)
Article
Economics
Alberto Longo, Danny Campbell
ENVIRONMENTAL & RESOURCE ECONOMICS
(2017)
Article
Environmental Studies
Danny Campbell, Morten Raun Morkbak, Soren Boye Olsen
JOURNAL OF ENVIRONMENTAL ECONOMICS AND POLICY
(2017)
