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Tourism and Economic Development : Evidence from Mexico's Coastline
Faber, Benjamin - 2016
Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican … consequences of tourism both locally and in the aggregate. We find that tourism causes large and significant local economic gains … regions, so that the national gains from trade in tourism are mainly driven by a classical market integration effect …
Persistent link: https://www.econbiz.de/10012456375
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Evaluating Rubin's Causal Model for Measuring the Capitalization of Environmental Amenities
Klaiber, H. Allen - 2009
This paper outlines a new framework for gauging the properties of quasi-experimental estimates of the willingness to pay (WTP) for changes in environmental and other non-market amenities. As a rule, quasi-experimental methods cannot offer alternative hypotheses to judge the quality of their...
Persistent link: https://www.econbiz.de/10012463692
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Roy Model Sorting and Non-Random Selection in the Valuation of a Statistical Life
DeLeire, Thomas - 2008
Wage-hedonics is used to recover the value of a statistical life by exploiting the fact that workers choosing riskier occupations will be compensated with a higher wage. However, Roy (1951) suggests that observed wage distributions will be distorted if individuals select into jobs according to...
Persistent link: https://www.econbiz.de/10012464284
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Hedonic Imputation versus Time Dummy Hedonic Indexes
Diewert, W. Erwin - 2008
Törnqvist superlative index in standard index number theory. This study shows exactly why the results may differ and discusses …
Persistent link: https://www.econbiz.de/10012464628
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Contributions of Zvi Griliches
Heckman, James - 2006
Persistent link: https://www.econbiz.de/10012466347
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An Equilibrium Model of Sorting in an Urban Housing Market
Bayer, Patrick - 2004
This paper introduces an equilibrium framework for analyzing residential sorting, designed to take advantage of newly available restricted-access Census microdata. The framework adds an equilibrium concept to the discrete choice framework developed by McFadden (1973, 1978), permitting a more...
Persistent link: https://www.econbiz.de/10012467824
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A Reconsideration of Hedonic Price Indices with an Application to PC's
Pakes, Ariel - 2002
This paper provides a justification for hedonic price indices and details the properties of hedonic price functions. The analysis is done in a market setting in which a finite number of goods, each defined by its characteristics, interact. We note that proper hedonic indices can be constructed...
Persistent link: https://www.econbiz.de/10012470000
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Hedonic Analysis of Arthritis Drugs
Cockburn, Iain M. - 1998
We examine the relationship between quality'' and market outcomes for a group of drugs used to treat rheumatoid arthritis. Though this is a widespread and debilitating disease with very substantial impacts on the health of patients and on the economy, currently available drugs have limited...
Persistent link: https://www.econbiz.de/10012472235
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Exact Hedonic Price Indexes
Feenstra, Robert C. - 1995
The purpose of this paper is to identify conditions under which hedonic price indexes provide an exact measure of consumer welfare. Our results provide a rationale for existing practices in the case where prices equal marginal costs. In that case, both the marginal value of characteristics and a...
Persistent link: https://www.econbiz.de/10012473828
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Assuming The Can Opener : Hedonic Wage Estimates and the Value of Life
Dickens, William T. - 1990
not look like the perfectly competitive model on which the theory depends for its conclusions. Further, there are many …
Persistent link: https://www.econbiz.de/10012475584