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The contingent valuation method for estimating willingness to pay for public goods typically adopts a single referendum question format which is statistically inefficient. As an alternative, Cooper, Hanemann and Signorello (2002) propose the ‘'one-and-one-half bound’' (OOHB) format allowing...
Persistent link: https://www.econbiz.de/10009443511
We develop a two-stage, multinomial logit model of UK land use to investigate the impact of policychanges upon agriculture. The model utilizes a large panel database covering the entirety of Englandand Wales for 14 years between 1969 and 2004 integrated with the economic and physicalenvironment...
Persistent link: https://www.econbiz.de/10009443207
This paper develops a structural econometric model of agricultural land use and production based on the joint multi-output technology representation introduced by Chambers and Just (1989). Starting from a flexible specification of the farm profit function we derive land use allocation,...
Persistent link: https://www.econbiz.de/10009444819