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Willingness to Pay for Basic Research: A CV Experiment on the Large Hadron Collider

March 2016, 

CSIL experts  - Florio, M., Catalano, G. and Giffoni, F. - have authored a new paper on the "Willingness to Pay for Basic Research: A Contingent Valuation Experiment on the Large Hadron Collider". The paper provides, for the first time, an empirical estimation of the willingness to pay for discoveries in basic research by the general public. It focus on the Large Hadron Collider (LHC), the largest particle accelerator worldwide, where in 2012 the Higgs boson was discovered. The findings of this paper are based on a dichotomous choice contingent valuation (CV) survey carried out in line with the NOAA guidelines. The survey involved 1,022 undergraduate students enrolled in more than 30 different degrees (including the humanities) at five universities located in four countries (Italy, France, Spain, UK). Two main research questions are addressed: Which are the determinants of the WTP for the LHC discoveries? What is the average contribution that the respondents would be willing to pay?

To read the full paper and know its interesting results click here.