Welfare change estimates obtained from discrete-response contingent valuation experiments normally assume a particular distribution of willingness-to-pay (W TP).U sing conventional microeconomic theory, we derive upper and lower bounds on such estimates. These bounds are interpreted...

Forests in northern Sweden are used for both timber production and reindeer grazing. Negative externalities and open access effects threaten the ability of the region to sustain economic benefits from these uses. Adiscrete time simulation for three municipalities in northern Sweden suggests that...