Showing 1 - 5 of 5
This paper considers the modeling strategies that have been used to incorporate time in revealed and stated preference methods for valuing environmental resources. After reviewing a subset of the economic models for describing time as an input to household production; time in creating habits and...
Persistent link: https://www.econbiz.de/10005439816
In this paper we present a a generalized self-consistent algorithm that estimates a survivor function with across-interval- censored data. This algorithm is an iterative procedure based on Turnbull's (1974) reallocation idea. At each step of the iteration, the procedure first reduces the...
Persistent link: https://www.econbiz.de/10005787308
In this paper we propose a mixture model of willingness to pay distributions for contingent valuation studies. By allowing a point mass at zero, this model nests the conventional model as a special case. We discuss both parametric and non- parametric estimations of the mixture model. We consider...
Persistent link: https://www.econbiz.de/10005787343
This paper evaluates the importance of site-specific environmental amenities as a source of product differentiating market power. Using estimates from hedonic price equations and residual demand models, the analysis recovers firm-specific estimates of price markup and estimates of the marginal...
Persistent link: https://www.econbiz.de/10005787374
We randomized 43 villages in Bangladesh to receive information on well-water arsenic that emphasized water safety relative to the national standard (bright-line message) or provided additional information on how risks from exposure increase with arsenic levels (gradient message). The gradient...
Persistent link: https://www.econbiz.de/10009145728