Search Results - "Knetsch, Jack L."

WTP or WTA: A Means of Determining the Appropriate Welfare Measure of Positive and Negative Changes When Preferences are Reference Dependent by Nguyen, Kiet T., Knetsch, Jack L., Mahasuweerachai, Phumsith

“…Many positive and negative changes are valued by people relative to a neutral reference state, which may, or often may not, be the status quo. Positive changes…”
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Values of Gains and Losses: Reference States and Choice of Measure by Knetsch, Jack L

“…The available empirical evidence continues to suggest that people commonly value losses more, and often much more, than otherwise commensurate gains…”
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Lower-rated publications do lower academics’ judgments of publication lists: Evidence from a survey experiment of economists by Powdthavee, Nattavudh, Riyanto, Yohanes E., Knetsch, Jack L.

“…•We conduct a field survey experiment on economists’ judgment of publication lists.•We asked economists from 44 universities to rate different hypothetical…”
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Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias by Kahneman, Daniel, Knetsch, Jack L., Thaler, Richard H.

“…A wine-loving economist we know purchased some nice Bordeaux wines years ago at low prices. The wines have greatly appreciated in value, so that a bottle that…”
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Experimental Tests of the Endowment Effect and the Coase Theorem by Kahneman, Daniel, Knetsch, Jack L., Thaler, Richard H.

“…Contrary to theoretical expectations, measures of willingness to accept greatly exceed measures of willingness to pay. This paper reports several experiments…”
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The endowment effect and the reference state: Evidence and manipulations by Knetsch, Jack L., Wong, Wei-Kang

“…Recent reports suggest that the “endowment effect” may be due to conditions under which it is observed and explained by incentives long recognized in standard…”
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Some uses, underuses, and misuses of the findings of disparities between people’s valuations of gains and losses by Knetsch, Jack L.

“…The well-known behavioural finding that losses have a greater impact on people’s well-being than gains, has important implications for the study of individual…”
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Biased valuations, damage assessments, and policy choices: The choice of measure matters by Knetsch, Jack L.

“…Damages from, for example, an oil spill can be measured by how much people are willing to pay to avoid them, or by the minimum compensation they demand to…”
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Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value by Knetsch, Jack L., Sinden, J. A.

“…Aside from possible income effects, measures of the maximum amounts people will pay to avoid a loss and the minimum compensation necessary for them to accept…”
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Gains, Losses, and the US-EPA Economic Analyses Guidelines: A Hazardous Product? by Knetsch, Jack

“…While offering many useful suggestions to improve economic analyses, the Guidelines take no account of widely reported behavioural economics research findings…”
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The Endowment Effect and Evidence of Nonreversible Indifference Curves by Knetsch, Jack L.

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Coastal Management Using Public Judgments, Importance Scales, and Predetermined Schedule by Ratana Chuenpagdee, Jack L. Knetsch, Thomas C. Brown

“…A predetermined schedule of sanctions and regulations that reflect both scientific knowledge of resources and the preference and judgments of resource users in…”
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Fairness as a constraint on profit seeking: entitlements in the market by Kahneman, D, Knetsch, J.L, Thaler, R

“…Community standards of fairness for the setting of prices and wages were elicited by telephone surveys. In customer or labor markets, it is acceptable for a…”
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Valuing Statistical Lives: The Choice of Measure Also Matters by Knetsch, Jack

“…In a comment on an article in Journal of Consumer Policy by Don Kenkel, the author questions the suggestion in the previous article that estimates of the value…”
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Economics of outdoor recreation: by Marion Clawson and Jack L. Knetsch by Clawson, Marion, Knetsch, Jack L

“…Major emphasis placed on economic and social aspects of outdoor recreation in the United States…”
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Biased Valuations, Damage Assessments, and Policy Choices: The Choice of Measure Matters by Knetsch, Jack L.

“…As commonly pointed out in most instructional and operational manuals, and the benefit–cost and valuation texts on which they are largely based, there is…”
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Environmental Damage Schedules: Community Judgments of Importance and Assessments of Losses by Chuenpagdee, Ratana, Knetsch, Jack L., Brown, Thomas C.

“…Available methods of valuing environmental changes are often limited in their applicability to current issues such as damage assessment and implementing…”
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Assumptions, behavioral findings, and policy analysis by Knetsch, Jack L.

“…Recent empirical studies indicate that many standard economic assumptions used in policy analyses do not reflect people's preferences and choices as well as…”
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Tests of market outcomes with asymmetric valuations of gains and losses: Smaller gains, fewer trades, and less value by Borges, Bernhard F.J., Knetsch, Jack L.

“…The pervasive finding that individuals value losses more than gains, suggests that actual gains from trade and numbers of market exchanges may well be much…”
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Environmental Valuation: Some Problems of Wrong Questions and Misleading Answers by Knetsch, Jack L.

“…Contingent valuation of people's willingness to pay has rapidly become the method of choice to value all manner of environmental damages. The correct measure…”
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