Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Circular economy and waste management Location: Auditorium L: Ingrid Simonnæs Session Chair: Luisa Lorè, University of Innsbruck | |
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Environmental costs and belief updating in second-hand clothing purchase: A voucher choice experiment 1: Tor Vergata University of Rome, Italy; 2: Insubria Experimental Economics (InExEc) Research Center, Italy; 3: University of Innsbruck, Austria; 4: Center for Economic and International Studies (CEIS), Italy The economic and psychological literature on second-hand consumption has identified specific drivers and barriers on the part of consumers. Little attention was devoted to consumers' awareness about the environmental costs entailed by production activities. In this paper, we investigate how beliefs formation and updating about environmental costs affect the intention to engage in second-hand consumption in a large, nationally representative sample of the Italian population (N=10,496). Intention was measured both in a self-reported fashion as well as through a voucher choice task. We also study how belief updating varies when the cost refers to CO2 versus energy versus water. We find that participants overestimate CO2 emissions and energy usage but underestimate water consumption; are moderately sensitive to information provision when it comes to stated intention and particularly sensitive in terms of willingness to accept and pay. Information on water usage elicits the strongest effects; belief updating influences stated intention and WTA/WTP even if this last effect is not always strong. Finally, overestimation of the environmental cost makes WTP increase and WTA decrease. | |