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This dissertation addresses the question of choosing the best information alternative in engineering decisions. The decision maker maximizes his expected utility under uncertainty where both the action he takes and the state of the environment determines the payoff earned. The decision maker...
Persistent link: https://www.econbiz.de/10009465093
Die Nutzung des Internet zur Vermarktung und zum Vertrieb von touristischen Produkten hat seit den neunziger Jahren ein rasantes Wachstum erfahren und dazu geführt, dass im Bereich des internetbasierten Tourismus eine besonders ausgeprägte Konkurrenzsituation zwischen den Anbietern...
Persistent link: https://www.econbiz.de/10009467439
essay proposes a welfare valuation theory amenable to analyses in this context. The second essay proposes an empirical … strategy to implement the theory in practice, and demonstrates how policies may be misguided if regulators follow conventional … theory of green consumerism, which correctly accounts for asymmetric information and is consistent with empirical evidence …
Persistent link: https://www.econbiz.de/10009462877
theory, development theory and structuralism have all made contributions to understanding the effects of this global …
Persistent link: https://www.econbiz.de/10009431129
In this paper, we develop a decision-theoretic frameworkfor evaluating data mining systems, which employ classification methods, in terms of their utility in decision-making. The decision-theoretic model provides an economic perspective on the value of â extracted knowledge,â in terms of its...
Persistent link: https://www.econbiz.de/10009431139
Small and micro-enterprises play a significant part in most economies. However, in developing countries these enterprises have tended to be looked at from a development, or poverty alleviation perspective, rather than as potentially growing businesses. This paper explores the possibility of...
Persistent link: https://www.econbiz.de/10009437548
In this paper, distribution and welfare effects of changes in block price systems are evaluated. A method is discussed to determine, for a Marshallian demand function, equivalent variation in case of a block price system. The method is applied to analyze welfare and distribution effects of...
Persistent link: https://www.econbiz.de/10009443177
The use of renewable materials in energy production is gaining in importance all over the world. The production of bioethanol and biodiesel is an important element of the agricultural strategy of numerous countries, even though the economic and environmental impact of these projects is subject...
Persistent link: https://www.econbiz.de/10009443738
We develop a agricultural model assuming that conventional production is causing environmental externalities while more benign alternative production methods generate non-market amenity benefits and obtain a price premium in the marketplace. We analyze policies targeting external benefits and...
Persistent link: https://www.econbiz.de/10009446322
Despite the vital role of the utility function in welfare measurement, the implications of working with incorrect utility specifications have been largely neglected in the choice experiments literature. This paper addresses the importance of specification with a special emphasis on the effects...
Persistent link: https://www.econbiz.de/10009465863