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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
A Bayesian Examination Of Information And Uncertainty In Contingent Valuation, David M. Aadland, Arthur J. Caplan, Owen R. Phillips
A Bayesian Examination Of Information And Uncertainty In Contingent Valuation, David M. Aadland, Arthur J. Caplan, Owen R. Phillips
Applied Economics Faculty Publications
A theoretical framework is presented to explain how agents respond to information under uncertainty in contingent valuation surveys. Agents are provided with information signals and referendum prices as part of the elicitation process. Agents use Bayesian updating to revise prior distributions. An information prompt is presented to reduce hypothetical bias. However, we show the interaction between anchoring and the information prompt creates a systematic bias in willingness to pay. We test our hypotheses in an experimental setting where agents are asked to make a hypothetical, voluntary contribution to a public good. Experimental results are consistent with the model.
An Equitable, Efficient, And Implementable Scheme To Control Global Carbon Dioxide Emissions, Arthur J. Caplan, Emilson C.D. Silva
An Equitable, Efficient, And Implementable Scheme To Control Global Carbon Dioxide Emissions, Arthur J. Caplan, Emilson C.D. Silva
Applied Economics Faculty Publications
We design an international scheme to control global externalities in which autonomous regions choose their own emissions levels in anticipation of interregional resource transfers implemented by an international agency. This agency follows a proportional equity principle, which preserves the status-quo ratio of regional welfare levels. We show that it is individually rational for each region to participate in the proposed international scheme and that regional environmental authorities choose policies that fully internalize the global externality. Although based on an admittedly ideal scheme, these results are especially noteworthy in light of the call for various forms of transfers in international agreements …
Using Choice Question Formats To Determine Compensable Values: The Case Of A Landfill Sitting Process, Arthur J. Caplan, Therese Grijalva, Douglas Jackson-Smith
Using Choice Question Formats To Determine Compensable Values: The Case Of A Landfill Sitting Process, Arthur J. Caplan, Therese Grijalva, Douglas Jackson-Smith
Applied Economics Faculty Publications
Siting noxious facilities, such as community landfills, is a challenging problem for local planners who recognize the importance of economic efficiency and equity, political acceptance, and meeting federal regulatory standards. Meeting these criteria requires technical and socio-economic analyses in conjunction with public input. Planners may also recognize that political acceptance requires compensation for the host community, either in the form of monetary or in-kind transfers. Following Breffle and Rowe (2002), we use a “resource-toresource” paired-comparison survey method to estimate compensatory values associated with an in-county landfill for both the host and non-host communities. Our results indicate that while a host-community …