Household energy conservation has emerged as a major challenge and opportunity for
researchers, practitioners and policymakers. Consumers also seem to be gaining greater …

Willingness to accept (WTA) is usually substantially higher than willingness to pay (WTP).
These constructs have been studied for roughly 30 years and with a wide variety of goods …

Un apasionante recorrido por el funcionamiento de la mente de la mano del padre de la
psicología conductista y premio Nobel de Economía en 2002: Daniel Kahneman. En Pensar …

Much experimental evidence indicates that choice depends on the status quo or reference
level: changes of reference point often lead to reversals of preference. We present a …

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 cost only …

Decision makers have a strong tendency to consider problems as unique. They isolate the
current choice from future opportunities and neglect the statistics of the past in evaluating …

Objections to the rational actor model in law and economics are almost as old as the field
itself. Early skeptics about the economic analysis of law were quick to marshal arguments …

We use choice experiments and randomized information treatments to study the
effectiveness of alternative energy efficiency labels in guiding households' energy efficiency …

Subjects are reluctant to vaccinate a (hypothetical) child when the vaccination itself can
cause death, even when this is much less likely than death from the disease prevented. This …

Limited liability in tort has been the prevailing rule for corporations in the United States, as
elsewhere, for more than a century. This rule is generally acknowledged to create incentives …