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When the market for a certain good is competitive enough, economic activities can be studied by the market pricing mechanism. Because this is usually not feasible in case of environmental goods with embodied natural and cultural heritage, particular methods for economic valuation of such goods...
Persistent link: https://www.econbiz.de/10005790012
may fail to produce a valid measurement, and this unmeasured relatedness can result in endogeneity in empirical analyses … solution framework. In addition, this study thoroughly examines validity such as content validity, convergent validity …, discriminant validity, internal consistency, and criterion-related validity. The results reveal that this approach performs as …
Persistent link: https://www.econbiz.de/10011114181
Conventional analysis of public goods provision aggregates individual willinness to pay while treating income as exogenous, ignoring the fact that we generate income to allow us to purchase utility-generating goods. We explore the implications of endogenizing the laborl/leisure decision by...
Persistent link: https://www.econbiz.de/10008567671
For at least fifty years economists have argued that vertically-aggregated marginal willingness to pay, when set equal to marginal provision cost, will result in optimal public good provision levels. This methodological approach would be expected to yield an exact analog, in terms of optimal...
Persistent link: https://www.econbiz.de/10008493588
Growing quantity of solid waste is one of the most important environmental hazards prevailing in developing countries. It is difficult for the government in developing countries like Pakistan to rectify it properly due to scarcity of resources. Public awareness and their monetary contribution...
Persistent link: https://www.econbiz.de/10011260425
Decades of failure to evaluate the ecosystem services provided by Pekapeka Swamp in New Zealand led to decisions that allowed prolonged degradation of the swamp, resulting in the loss of potential economic value. In 1998 a long term management plan was adopted to restore and preserve the swamp...
Persistent link: https://www.econbiz.de/10011107900
section two. Citizen satisfaction with public services as revealed through surveys from 1997 to 2007 is explored in the third …
Persistent link: https://www.econbiz.de/10005621874
This paper presents a comparative analysis of some intellectual capital models. The analysis is based on four criteria: the main concepts and classifications on which the models are based on, the analysis of functional characteristics, the analysis of operational performances, limitations.
Persistent link: https://www.econbiz.de/10008871176
Using a range of nonparametric methods, the paper examines the specification of a model to evaluate the willingness-to-pay (WTP) for travel time changes from binomial choice data from a simple time-cost trading experiment. The analysis favours a model with random WTP as the only source of...
Persistent link: https://www.econbiz.de/10005836796
Background: Preferences of both Alzheimer patients and their spouse caregivers are related to a willingness-to-pay (WTP) measure which is used to test for the presence of mutual (rather than conventional unilateral) altruism. Methods: Contingent valuation experiments were conducted in 2000 –...
Persistent link: https://www.econbiz.de/10011258126