The significance of independent decisions in uncertain dichotomous choice situations

1984 ◽  
Vol 17 (1) ◽  
pp. 47-60 ◽  
Author(s):  
Shmuel Nitzan ◽  
Jacob Paroush
Keyword(s):  
Dichotomous Choice ◽  
Uncertain Dichotomous Choice

Skill, power and marginal contribution in committees

2021 ◽  
pp. 095162982098484
Author(s):  
Ruth Ben-Yashar ◽  
Shmuel Nitzan ◽  
Tomoya Tajika
Keyword(s):  
Political Science ◽  
Decision Rule ◽  
Basic Concept ◽  
Choice Model ◽  
Marginal Contribution ◽  
Dichotomous Choice ◽  
Extended Version ◽  
Different Types ◽  
Uncertain Dichotomous Choice ◽  
The Relationship

Power is an important basic concept in Political Science and Economics. Applying an extended version of the uncertain dichotomous choice model proposed, the objective of this paper is to clarify the relationship between two different types of power a voter may have: skill-dependent (s-d) power and marginal contribution (mc). It is then shown that, under the optimal committee decision rule, inequality in skills may result in higher inequality of the two types of power and that the distribution of the second type of power (mc) can be even more unequal than the distribution of the first type of s-d power. Using simulations, and assuming evenly spread skills, this possibility is proved to be robust. The significance of the finding is due to the effect of power on reward, whether it is defined in terms of status or in terms of monetary payment.

scholarly journals Consumer willingness-to-pay for restaurant surcharges to reduce carbon emissions: default and information effects

2021 ◽  
pp. 1-29
Author(s):  
Dede Long ◽  
Grant H. West ◽  
Rodolfo M. Nayga
Keyword(s):  
Climate Change ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Carbon Emissions ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Dichotomous Choice ◽  
Carbon Reduction ◽  
The Mean ◽  
Agriculture And Food

Abstract The agriculture and food sectors contribute significantly to greenhouse gas emissions. About 15 percent of food-related carbon emissions are channeled through restaurants. Using a contingent valuation (CV) method with double-bounded dichotomous choice (DBDC) questions, this article investigates U.S. consumers’ willingness to pay (WTP) for an optional restaurant surcharge in support of carbon emission reduction programs. The mean estimated WTP for a surcharge is 6.05 percent of an average restaurant check, while the median WTP is 3.64 percent. Our results show that individuals have a higher WTP when the surcharge is automatically added to restaurant checks. We also find that an information nudge—a short climate change script—significantly increases WTP. Additionally, our results demonstrate that there is heterogeneity in treatment effects across consumers’ age, environmental awareness, and economic views. Our findings suggest that a surcharge program could transfer a meaningful amount of the agricultural carbon reduction burden to consumers that farmers currently shoulder.

scholarly journals Conjoint Analysis of Groundwater Protection Programs

1997 ◽  
Vol 26 (2) ◽  
pp. 229-236 ◽  
Author(s):  
Thomas H. Stevens ◽  
Christopher Barrett ◽  
Cleve E. Willis
Keyword(s):  
Contingent Valuation ◽  
Conjoint Analysis ◽  
Groundwater Protection ◽  
Economic Value ◽  
Model Specification ◽  
Binary Response ◽  
Response Model ◽  
Dichotomous Choice ◽  
Binary Response Model

Three conjoint models—a traditional ratings model, a ratings difference specification, and a binary response model—were used to value groundwater protection program alternatives. The last, which is virtually identical to a dichotomous choice contingent valuation specification, produced the smallest value estimates. This suggests that the conjoint model is very sensitive to model specification and that traditional conjoint models may overestimate economic value because many respondents are not in the market for the commodity being valued.

Sign in / Sign up

Export Citation Format

Share Document