This paper presents results of a contingent valuation study based on responses from household members living in Winterswijk, The Netherlands. The respondents are asked to report their preferences on a range of willingness to pay (WTP) for agri-environmental schemes (AES) provided by farmers. Estimated WTP based on both two-step Heckman selection and Tobit model is reported. Results indicate that the willingness to pay appears to depend positively on the level of trust and membership status of household members towards environmental organizations.
A new line of theoretical and empirical literature emphasizes the pivotal role of fair institutions for growth. We present a model, a laboratory experiment, and a simple cross-country regression supporting this view. We model an economy with an unequal distribution of property rights, in which individuals can free-ride or cooperate. Experimentally we observe a dramatic drop in cooperation (and growth), when inequality is increased by a selfserving dictator. No such effect is observed when the inequality is increased by a fair procedure. Our regression analysis provides basic macroeconomic support for the adverse growth effect of the interaction between the degree and the genesis of inequality. We conclude that economies giving equal opportunities to all are not likely to suffer retarded growth due to inequality in the way economies with self-serving dictators will.JEL codes: C91, D60, K40, O40, P51
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