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We employ a combination of survey design and econometric techniques to explore ways to deal with health concerns in restoration projects where environmental injuries are severe. We use data from a referendum contingent valuation survey for a natural resource restoration project to demonstrate...
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Respondents are heterogeneous in their prior information about resource injury. The analysis derives an updating model of how heterogeneous respondents incorporate new information contained in resource injury descriptions. The analysis confirms that the sign of the information effect is...
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