Showing 1 - 10 of 21
This paper exploits the seasonal and annual changes in marginal prices for water to estimate the price elasticity of demand by residential households for water. It uses the changes in distributions of water used at the census block group levels in response to changes in marginal prices of water...
Persistent link: https://www.econbiz.de/10010896675
Deciding how to allocate forage among animals is a fundamentally important process in range management. The wisdom of these decisions can be enhanced by estimating the marginal value of forage needed by competing species. We present a method for ...
Persistent link: https://www.econbiz.de/10008504771
The paper is concerned with developing a production theory for the case when some inputs have nonlinear prices because the price depends on endogenous quality. This involves extending the notion of a cost function to the case where nonlinear prices are ...
Persistent link: https://www.econbiz.de/10008504842
This paper extends the standard travel cost method (TCM) to develop estimates of the economic value of recreational chinook salmon fishing on the Gulkana River, Alaska, under existing and hypothetical fishery management conditions. Respondents were asked ...
Persistent link: https://www.econbiz.de/10008504994
Persistent link: https://www.econbiz.de/10008505009
Persistent link: https://www.econbiz.de/10008505084
Conclusions concerning trends in natural resource scarcity may depend critically on the choice of scarcity index. Unfortunately, the prevalence of vertical integration in natural resource industries has hindered the use of some otherwise desirable ...
Persistent link: https://www.econbiz.de/10008505174
This paper reviews research on nonmarket valuation. It seeks to gauge whether the methods are up to the tasks demanded of them and to identify new research priorities. The evaluation suggests that we can outline a protocol for implementing and using the methods with some resources, while for...
Persistent link: https://www.econbiz.de/10008537357
Persistent link: https://www.econbiz.de/10008537358
This paper argues that the belief that discrete contingent valuation (CV) questions yield substantially larger estimates of the mean (and the median) willingness to pay (WTP) for nonmarket resources in comparison to open-ended CV questions is unfounded. Monte Carlo experiments estimate the...
Persistent link: https://www.econbiz.de/10008537426