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One major challenge when conducting contingent valuation studies in developing countries is the choice of the appropriate payment vehicle. Since regular cash-income does not exist for the majority of the population and market integration is low, households in rural areas have less experience...
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One major challenge when conducting contingent valuation studies in developing countries is the choice of the appropriate payment vehicle. Since regular cash-income does not exist for the majority of the population and market integration is low, households in rural areas have less experience...
Persistent link: https://www.econbiz.de/10011621636
In the expected-utility theory of the monetary value of a statistical life, the so-called dead-anyway effect discovered …
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