This is important because setting the user fees at mean WTP for instance does not necessarily ensure universal access as all those with below mean WTP will be denied access while those with above mean WTP will earn consumer surplus. Therefore, government and donor agencies should consider the ...
When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Google, Reddit) Microsoft has pushed hard and fast to get the ‘new and improved’ AI-powered Bing out there to consumers and it seems like all that hard work and ...
These concepts can be used to explain what is known as the embedding effect [37], which is the observation that sometimes willingness to pay does not vary with the quantity of the good in question. If people only derive utility from the act of giving, then it does not matter what ...