This study shows that fans and people living in the region of 28 Football Bundesliga teams from all three divisions are willing to support their team financially. Survey respondents were asked for their willingness-to-pay to avoid a negative outcome (e.g., relegation) and to achieve a positive outcome (e.g., promotion). Fan bonds are applied as an alternative payment vehicle within the contingent valuation method. The results show that different factors affect the decision to support the team and the actual amount of willingness-to-pay—for attendees and nonattendees. Public goods are particularly relevant for reporting a positive willingness-to-pay. (JEL Z23, L83, H41)
Wicker, P., Whitehead, J. C., Johnson, B. K. and Mason, D. S. (2016), WILLINGNESS-TO-PAY FOR SPORTING SUCCESS OF FOOTBALL BUNDESLIGA TEAMS. Contemporary Economic Policy, 34: 446–462. doi: 10.1111/coep.12148
One of my favorite quotes from the Western meetings is that "the CVM is like Wal Mart...." I forget the rest but it kind of says it all, right?
*And athlete, here I am draining a three in the High Country Senior Games 3v3 basketball on Wednesday night. The without-their-big-man High Country 50+ lost to the Ashe Panthers 55+ by a handful of points. Three of us fouled out (huh?) and we finished the game with only two guys on the court. You gotta have a big man in Senior Games.
I'm watching right now. The video is safe for work because it is about science, the link is from the Chronicle and they bleep the most naughty words:
John Oliver, the comedian and host of the HBO show Last Week Tonight With John Oliver, has perfected the art of the searing, outrage-induced explanatory monologue. The topic for Sunday’s show? Scientific studies.
It’s no secret that trumpeted scientific findings often range from misleading to outright false. Remember the University of Maryland study that found that chocolate milk could help prevent concussions in athletes — research that was partly financed by a company that makes chocolate milk?
Much of Mr. Oliver’s segment is devoted to how legitimate science can be distorted when it leaves scientists’ hands. Exaggerated findings are often the result of “failures by multiple parties,” The Chronicle’s Paul Basken wrote in 2014, “including the journalists who write the news articles and the scientists who, in most cases, are required by their institutions to approve the press releases in advance.”
John Oliver discusses p-hacking, replication and sponsor bias.
Saying the multinational oil and gas conglomerate had “really dodged a bullet,” ExxonMobil CEO Rex Tillerson told reporters Wednesday how relieved he was now that it was finally too late to do anything about climate change.
The 64-year-old petroleum executive, who acknowledged that throughout his career he had feared the public might take action to curb rising temperatures by imposing emissions restrictions or mandating a switch to alternative energy, said he was just happy that the window for avoiding the planet’s environmental destruction had closed, and that the entire industry was now free to carry on as usual.
“I was really worried for a while there that some kind of law would be passed to stop us from releasing all those hydrocarbons into the atmosphere, but I guess not,” said Tillerson, describing how he felt as if a tremendous weight had been lifted from his shoulders now that catastrophic climate change was an inescapable certainty. “Seriously, it’s a huge load off. There were a number of real tense years after the recycling movement picked up momentum when we thought people might all turn away from fossil fuels next. But it’s just so reassuring to know that we passed the point where it’s no longer possible to stop global warming through environmental regulation or green energy or anything like that.”
“Now I can finally just relax,” he continued. “This really makes things so much easier.”
The CEO remarked that, back when it was still possible to halt the devastating effects of climate change, he constantly feared that the energy industry would be forced to make costly concessions toward sustainability, perhaps investing in expensive technology that would reduce oil and gas companies’ environmental impact, and thereby severely harm his corporation’s bottom line.
Tillerson told reporters that growing public interest in wind and solar energy gave him “a pretty good scare” for a while, but noted how he eventually came to realize the public’s engagement was largely limited to vocalizing support for the initiatives rather than taking any substantive action to move the overall energy sector in those directions. He also admitted to losing sleep in 2009 when Congress considered regulating carbon emissions with a cap-and-trade system, although he said he now felt silly for ever believing that might actually happen.
Welfare economics must adapt to the growing consensus over the assignment of rights to animals. We extend nonmarket valuation techniques to the study and measurement of the preferences of Chinook salmon regarding their aquatic habitat and the value of their existence. We find that these techniques are as valid for fish as they are for humans. Our applied study indicates that opportunities exist for Pareto-improving trades between salmon and California agricultural and hydropower interests. (JEL Q510)
"This blog aims to look at more of the microeconomic ideas that can be used toward environmental ends. Bringing to bear a large quantity of external sources and articles, this blog presents a clear vision of what economic environmentalism can be."
Don't believe what they're saying
And allow me a quick moment to gush: ... The env-econ.net blog was more or less a lifeline in that period of my life, as it was one of the few ways I stayed plugged into the env. econ scene. -- Anonymous
... the Environmental Economics blog ... is now the default homepage on my browser (but then again, I guess I am a wonk -- a word I learned on the E.E. blog). That is a very nice service to the profession. -- Anonymous
"... I try and read the blog everyday and have pointed it out to other faculty who have their students read it for class. It is truly one of the best things in the blogosphere." -- Anonymous