What Drives the Willingness to Pay for Insurance Contracts with Nonperformance Risk? Experimental Evidence

2020 ◽  
Author(s):  
Marc-Andre Hillebrandt
Keyword(s):  
Willingness To Pay ◽  
Experimental Evidence ◽  
Insurance Contracts

scholarly journals Willingness to pay for cleaner water in less developed countries: systematic review of experimental evidence

2012 ◽  
Author(s):  
Clair Null ◽  
◽  
Jorge Garcia Hombrados ◽  
Michael Kremer ◽  
Robyn Meeks ◽  
...  
Keyword(s):  
Systematic Review ◽  
Willingness To Pay ◽  
Experimental Evidence ◽  
Developed Countries ◽  
Less Developed Countries

scholarly journals User preferences and willingness to pay for safe drinking water: Experimental evidence from rural Tanzania

2017 ◽  
Vol 173 ◽  
pp. 63-71 ◽  
Author(s):  
Zachary Burt ◽  
Robert M. Njee ◽  
Yolanda Mbatia ◽  
Veritas Msimbe ◽  
Joe Brown ◽  
...  
Keyword(s):  
Drinking Water ◽  
Willingness To Pay ◽  
Experimental Evidence ◽  
User Preferences ◽  
Safe Drinking Water ◽  
Rural Tanzania

The Digitization of News Aggregation: Experimental Evidence on Intention to Use and Willingness to Pay for Personalized News Aggregators

2015 ◽  
Author(s):  
Oliver Oechslein ◽  
Mario Haim ◽  
Andreas Graefe ◽  
Thomas Hess ◽  
Hans-Bernd Brosius ◽  
...  
Keyword(s):  
Willingness To Pay ◽  
Experimental Evidence ◽  
Intention To Use

Detection, Identification, and Estimation of Loss Aversion: Evidence from an Auction Experiment

2014 ◽  
Vol 6 (1) ◽  
pp. 91-133 ◽  
Author(s):  
A. Banerji ◽  
Neha Gupta
Keyword(s):  
Willingness To Pay ◽  
Experimental Evidence ◽  
Loss Aversion ◽  
Reference Point ◽  
Value Distribution ◽  
Reference Points ◽  
Experimental Auction ◽  
Auction Design ◽  
Second Price Auctions

We provide a novel experimental auction design, in which (i) an exogenous decrease in the probability of winning, conditional on the bid, reduces the optimal bid of a loss averse agent whose reference point is expectations based; (ii) observed bid distributions uniquely identify the participants' latent value distribution and loss-aversion parameter. Experimental evidence affirms the presence of such reference points. We show that at the estimated magnitudes of loss aversion, (a) conventional Becker, DeGroot, and Marschak (1964) experiments may lead to large biases in estimated willingness to pay (which our design can correct for); and (b) first-price auctions may fetch moderately higher revenue, compared with second-price auctions. (JEL C91, D44, D82)

scholarly journals The role of insurance in the management of disaster risk: the case of the Italian cathedrals

2019 ◽  
Vol 10 (1) ◽  
pp. 9-25 ◽  
Author(s):  
Donatella Porrini ◽  
Francesco De Masi
Keyword(s):  
Willingness To Pay ◽  
Natural Disasters ◽  
Disaster Risk ◽  
Future Research ◽  
Future Prospects ◽  
Qualitative And Quantitative ◽  
Insurance Contracts ◽  
Research Perspectives ◽  
Depth Analysis

The aim of this article is to analyze the role of insurance for the coverage of damages deriving from natural disasters, focusing on the specific case of the Italian cathedrals. In this sense, a survey was conducted among the Italian Dioceses asking them to complete a questionnaire, through which the data useful for the analysis of the spread of insurance contracts and for other qualitative and quantitative elements linked to the decisional process of being insured were collected. The achieved coverage is equal to 29.02% of the Italian Dioceses, corresponding to 65 answers of a total of 224 contacts. In particular, the questionnaires investigate insurance presence, perception and awareness, willingness to pay and future prospects. An in-depth analysis about all the data deriving from the survey is provided, trying to compare some results and finally some considerations are presented on future research perspectives. What emerges is in some aspects surprising, because it allows to identify a significant financial culture and knowledge of the importance covered by insurance in the governance of disaster risk: for 62% of the cases analyzed, they have already underwritten this type of contract.

Willingness to Pay for Voluntary Climate Action and Its Determinants: Field-Experimental Evidence

2013 ◽  
Vol 57 (3) ◽  
pp. 405-429 ◽  
Author(s):  
Johannes Diederich ◽  
Timo Goeschl
Keyword(s):  
Willingness To Pay ◽  
Experimental Evidence ◽  
Climate Action

scholarly journals Experimental Evidence on Willingness to Pay for Red Meat Traceability in the United States, Canada, the United Kingdom, and Japan

2005 ◽  
Vol 37 (3) ◽  
pp. 537-548 ◽  
Author(s):  
David L. Dickinson ◽  
Dee Von Bailey
Keyword(s):  
United States ◽  
Willingness To Pay ◽  
Experimental Evidence ◽  
Consumer Preferences ◽  
The United States ◽  
Red Meat ◽  
Experimental Auctions ◽  
Vickrey Auctions ◽  
The United Kingdom ◽  
Meat Safety

We employed Vickrey auctions to generate willingness-to-pay (WTP) data for red meat traceability and related product characteristics with comparable experimental auctions in the United States, Canada, the U.K., and Japan. The results show that subjects are willing to pay a nontrivial premium for traceability, but the same subjects show even higher WTP for traceability-provided characteristics like additional meat safety and humane animal treatment guarantees. The implication is that producers might be able to implement traceable meat systems profitably by tailoring the verifiable characteristics of the product to consumer preferences.

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