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Combining the travel cost and contingent behavior methods to value cultural heritage sites: Evidence from Armenia

Alberini, Anna; Longo, Alberto - In: Journal of Cultural Economics 30 (2006) 4, pp. 287-304

This paper combines the travel cost method (TCM) with contingent behavior questions to estimate domestic visitors’ use values for cultural heritage sites in Armenia, a transition economy in which conservation of cultural monuments is hampered by limited resources. Respondents intercepted at...

Persistent link: https://www.econbiz.de/10005698858

Are Economists Human?

Margolis, Howard - Harris School of Public Policy, University of Chicago - 2006

A controversy among economists and others interested in the limits of rational choice analysis, still running after an onset at least two decades ago, concerns whether intelligent people, and especially experts, can be subject to cognitive illusions. This note provides a striking illustration...

Persistent link: https://www.econbiz.de/10005703897

Willingness-to-Pay and Demand Curves: A Comparison of Results Obtained Using Different Elicitation Formats

Whynes, David; Frew, Emma; Wolstenholme, Jane - In: International Journal of Health Care Finance and Economics 5 (2005) 4, pp. 369-386

Health economists use “willingness-to-pay” to assess the prospective value of novel interventions. The technique remains controversial, not least with respect to the formats under which values are elicited. The paper analyses the results of a series of studies of the same intervention valued...

Persistent link: https://www.econbiz.de/10005711022

A General Theory of Price and Quantity Aggregation and Welfare Measurement

Hillinger, Claude - CESifo - 2002

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … the theory lead to Törnqvist indexes defined on the appropriate data set. A numerical example confirms that in the non …

Persistent link: https://www.econbiz.de/10005765681

Are Cigarette Bans Really Good Economic Policy?

Reinhardt, Frank S.; Giles, David E.A. - Department of Economics, University of Victoria - 1999

We investigate the quarterly relationship between the quantity of cigarettes sold, real disposable income per capita, and the relative price level of cigarettes in Canada. Careful attention is paid to the non-stationarity of the data and the dynamic specification of the model. We conclude that...

Persistent link: https://www.econbiz.de/10005800955

What Would a Development-Friendly WTO Architecture Really Look Like?

Subramanian, Arvind; Mattoo, Aaditya - International Monetary Fund (IMF) - 2003

This paper elaborates on a number of key principles that need to underpin a coherent and development-friendly architecture for the WTO. The key principles include enlarging the scope of WTO bargaining to include labor flows as well as capital flows; creating a structure that would provide a...

Persistent link: https://www.econbiz.de/10005826269

Counterfeit Goods and Income Inequality

Scandizzo, Stefania - International Monetary Fund (IMF) - 2001

This paper examines the effect of counterfeit goods in a world where consumers are differentiated by level of income and innovation is quality enhancing. Counterfeit goods are defined as products with the same characteristics as “originals”, but of lower quality. The effect of imitation on...

Persistent link: https://www.econbiz.de/10005826398

Bertrand Wettbewerb im Raum kann zu höheren Preisen führen als ein Monopol

Sanner, Helge - Lehrstuhl für Volkswirtschaftslehre, insbesondere … - 2005

If we take into account the spatial dimension of markets, prices of incumbent firms may be higher, and consumer surplus may be lower with competition. This result obtains unambiguously, even in the highly competitive case of Bertrand competition. <P> In Mikro- und Industrieökonomik ist scheinbar...</p>

Persistent link: https://www.econbiz.de/10005827693

History and troubles of consumer surplus

Svoboda, Miroslav - In: Prague Economic Papers 2008 (2008) 3, pp. 230-242

The paper is focused on history of the concept of consumer surplus presented by Alfred Marshall as an economic tool to measure benefits and losses resulting from changes in market conditions. As it assumes constant marginal utility of money, it was refused by further development of economics....

Persistent link: https://www.econbiz.de/10008548655

Estimating consumer surplus and elasticity of demand of tourist visitation to a region in North Queensland using contingent valuation

Greiner, Romy; Rolfe, John - Australian Agricultural and Resource Economics Society … - 2003

The Daintree Rainforest is a prime attraction for Tropical North Queensland as a tourist destination. Visitation of the rainforest, specifically the Cape Tribulation section, has increased rapidly as impediments to self-drive access have been removed. This paper examines the potential for the...

Persistent link: https://www.econbiz.de/10008519240