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The article develops a conceptual model of the consumer value of complementarity and illustrates its usefulness in an application to fisheries. Complementarity arises when some goods have a positive effect on the marginal value of other goods. We propose a measurement of the value of...
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Traditional recreation demand models do not make a distinction between a household and an individual as the reference decision-making unit, thus assuming that a family maximizes a single utility function, even if the family consists of different individuals. Such models ignore the possibility of...
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This study investigates the extent to which individuals care about the social inclusion of children involved in antisocial activities and crimes, and what factors affect their preferences for the rehabilitation programs of juvenile offenders. Our analysis is based on a contingent valuation...
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