The US mobile phone service industry has dramatically consolidated over the last two decades. One justification for consolidation is that merged firms can provide consumers with larger coverage areas at lower costs. We estimate the willingness to pay for national coverage to evaluate this justification for past consolidation. As market level quantity data are not publicly available, we devise a...

Cost-effectiveness analyses routinely ignore the value of diagnostic certainty. Moreover, no previous study has compared this value among different stakeholders. We surveyed 25 patients, 28 physicians, and 23 managed care executives to compare their willingness to pay for diagnostic information for peptic ulcer disease. Patients (84%) were most likely, and executives (43%) least likely, to be w...

Integrated Conservation and Development Plans (ICDPs) have been put forward as means of reconciling wildlife conservation in developing countries with improvements in community incomes. In this paper, we use the Choice Experiment approach to quantify overseas tourists' willingness to pay for attributes of nature-based tourism as part of an ICDP, focussing on visits to mountain gorilla areas in ...

It is known that the incompleteness of asset markets causes inefficiency in almost every equilibrium. Yet unexplored is the ”size” of this inefficiency. The size of a Pareto improvement is the total willingness to pay for it, out of current consumption. Inefficiency is the maximum size of any Pareto improving reallocation. Inefficiency of US consumption in middle age is computed to be 10-11% of...

consumers’ willingness to pay for nonmarket commodities such as wildlife, quality of the environment and forest services (including timber production, water conservation, soil conservation, oxygen supply, carbon sequestration, recreation services and wildlife preservation) is a measure of value of these resources. in recent years the contingent valuation has been used to determine this and othe...

Vaccinations were considered to be among the most effective way in preventing further COVID-19 transmission. To date, manufactures of vaccines third phase clinical trial studies. However, extent which publics are able pay and willing for this vaccine remains unclear. This study aimed evaluate ability (ATP) willingness (WTP) vaccination Malaysia. A cross sectional was conducted 67 staff a public...

Willingness-to-pay studies are increasingly being used in the evaluation of health care programmes. However, there are methodological issues that need to be resolved before the potential of willingness-to-pay can be fully exploited as a tool for the economic evaluation of health care programmes. Of particular methodological interest are the consequences of varying the order in which willingness...