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Random utility models rely on the properties of the logistic distribution for ease of estimation, but this distribution implies the independence of irrelevant alternatives (IIA). The random parameters logit model offers a means of avoiding the IIA assumption as well as greater heterogeneity...
Persistent link: https://www.econbiz.de/10009444263
One option for the disposal of sewage sludge is land spreading, including application to private croplands. Land spreading may allow some of the sewage treatment costs to the municipality or county to be offset by farmers' payments for sludge as a crop producing resource. This study investigates...
Persistent link: https://www.econbiz.de/10005338258
This paper examines the criticism of contingent valuation put forth by Blamey, Common and Quiggin (Australian Journal of Agricultural and Resource Economics, 1995, vol. 39, pp. 264–288). They argue that households have consistent preferences over private goods but not jointly consistent...
Persistent link: https://www.econbiz.de/10009398716
Persistent link: https://www.econbiz.de/10005806628
Estimation of the economic value of irrigation water is complicated by a lack of data on the price or marginal cost of water. Through econometric estimation of an aggregate total value product function, this paper obtains marginal irrigation water value estimates for the Middle Atlantic region....
Persistent link: https://www.econbiz.de/10005459900
Persistent link: https://www.econbiz.de/10011199731