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In this paper, I use a travel cost model of recreation demand to analyze the economic benefits to the Bay's recreational fishermen from proposed oyster reef restoration programs. The model explicitly links historical oyster bottom conditions to recreational fishing catch to capture ecosystem and...
Persistent link: https://www.econbiz.de/10005168580
In this paper, I examine the performance of function transfer of random utility models (RUM) and show that the usual notions of reliability and validity need careful examination in the RUM context. Because in RUM models, estimated behavioral parameters are not identifiable independently of the...
Persistent link: https://www.econbiz.de/10005168589
A substantial theoretical and experimental literature has focused on the conditions under which cooperative behavior among actors providing public goods or extracting common-pool resources arises. The literature identifies the importance of coercion, small groups of actors, or the existence of...
Persistent link: https://www.econbiz.de/10005588172