Showing 1 - 10 of 928
Persistent link: https://www.econbiz.de/10009493707
Persistent link: https://www.econbiz.de/10008592497
We define the irreversibility effect and demonstrate its importance in problems involving investment decisions under uncertainty. We establish several analytical and numerical results that suggest both that the effect holds more widely than generally recognized, and that an existing result...
Persistent link: https://www.econbiz.de/10011130817
Persistent link: https://www.econbiz.de/10005530557
Persistent link: https://www.econbiz.de/10010537346
Persistent link: https://www.econbiz.de/10008592493
Persistent link: https://www.econbiz.de/10005530606
This paper uses a finite mixture logit (FML) model to investigate the heterogeneity of preferences of beach users for water quality at beaches in Southern California. The results are compared with conventional approaches based conditional logit (CL) and random parameters logit (RPL). The FML...
Persistent link: https://www.econbiz.de/10011130793
Valuation of morbidity associated with childhood asthma is signi…cant both to policy and to non-market valuation methodologies. Our results show that household perceptions and beliefs, such as belief in one’s ability to predict and control asthma attacks, and relative perceptions of...
Persistent link: https://www.econbiz.de/10011130806
We propose a detailed analysis of heterogeneity in households’ responses to water conservation programs (price increase, voluntary and mandatory conservation) during periods of water shortage. Using a unique dataset covering water consumption of all residential users in Los Angeles...
Persistent link: https://www.econbiz.de/10011130820