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Farmer's willingness to voluntarily reduce insecticide use is not considered when regulatory approaches to environmental protection are proposed. Regulations that require behavior that would voluntarily be undertaken are excessive and economically inefficient. Using survey data from a contingent...
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Fixed search costs associated with locating and purchasing pecans invalidate the Tobit model. Factors such as perceived quality, ease of purchase, and familiarity with marketing outlets influence the fixed costs of pecan purchases. These factors have differing impacts on the probability of...
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