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Testing for Consistency in Tourists' Willingness to Pay for New Nature Reserves in the Gulf of Morbihan (France)
Voltaire, Louinord; Nassiri, Abdelhak; Bailly, Denis; … - 2011
In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is based on the following a priori expectation. In economics,when an individual considers paying for public goods, his decision to pay, and his WTP arebased on utility-maximising...
Persistent link: https://www.econbiz.de/10009442761
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Does Duality Theory Hold in Practice? A Monte Carlo Analysis for U.S. Agriculture
Rosas, Francisco; Lence, Sergio H. - 2011
The Neoclassical theory of production establishes a dual relationship between the profit value function of a competitive firm and its underlying production technology. This relationship, usually referred to as the duality theory, has been widely used in empirical work to estimate production...
Persistent link: https://www.econbiz.de/10009444351
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Do Fertilizer Subsidies Affect the Demand for Commercial Fertilizer? An Example from Malawi
Ricker-Gilbert, Jacob; Jayne, Thomas S. - 2009
function approach to deal with endogeneity of subsidized fertilizer in a commercial fertilizer demand equation. Our results …
Persistent link: https://www.econbiz.de/10009444833
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Does Economic Endogeneity of Site Facilities in Recreation Demand Models Lead to Statistical Endogeneity?
Chen, Min - 2009
recreation sites. Although some kinds of endogeneity problems have been studied in previous literature, no study has addressed … recreation site improvements are more likely to occur at the more popular sites, then this economic endogeneity might cause … under what situations this economic endogeneity will lead to statistical endogeneity. …
Persistent link: https://www.econbiz.de/10009446505
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Understanding the relationship between founder-CEOs and firm performance
Adams, Renee; Heitor, Almeida; Ferreira, Daniel - 2009
We use instrumental variables methods to disentangle the effect of founder–CEOs on performance from the effect of performance on founder–CEO status. Our instruments for founder–CEO status are the proportion of the firm's founders that are dead and the number of people who founded the...
Persistent link: https://www.econbiz.de/10009448159
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AN EMPIRICAL ANALYSIS OF PENSIONS FOR THE LABOR MARKET
Hill, Tomeka - 2006
longitudinal and national, include worker and firm information, and provide information that helps deal with endogeneity between …
Persistent link: https://www.econbiz.de/10009466177
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The returns to education : microeconomics
Harmon, Colm; Oosterbeek, Hessel; Walker, Ian - 2003
In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate of return to that private investment. While the literature is replete with studies that estimate the rate of return using regression methods where the estimated return is...
Persistent link: https://www.econbiz.de/10009475659
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An Analysis of Pricing and Leadtime Policies within the Marketing/Operations Interface
Pekgun-Cakmak, Pelin - 2007
empirical study with an emphasis on the endogeneity problem, which arises as a result of the simultaneous determination of … supply and demand. We show that if one does not account for endogeneity, price elasticities may induce an upward …
Persistent link: https://www.econbiz.de/10009475738
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Spinoffs, Privatization and Corporate Performance in Emerging Markets
Hanousek, Jan; Kocenda, Evžen; Svejnar, Jan - 2004
changes in ownership when analyzing spinoffs and generally to control for endogeneity, selection and data attrition when …
Persistent link: https://www.econbiz.de/10009477049