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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
This paper deals with the effects of uncertain output prices upon fishers' location choices. It employs ARIMA models to construct the price forecasts used by fishers in a model which generates expected profits for three fishing locations in the British Columbia salmon fishery. A random utility...
Persistent link: https://www.econbiz.de/10009444662