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Discrete choice models are widely used in studies of recreation demand. They have proven valuable when modeling situations where decision makers face large choice sets and site substitution is important. However, when the choice set faced by the individual becomes very large (on the order of...
Persistent link: https://www.econbiz.de/10009444726
Recreational anglers are known to seek different types of experiences in different settings.Such preference and behavioural diversity has important management implications. Researchmethods which assume only a limited degree of preference heterogeneity and impose rigidsubstitution patterns can...
Persistent link: https://www.econbiz.de/10009444614
The demand for organic fresh fruits and vegetable continues to grow at a rate far higher than the rest of the produce industry. The cost of meeting organic certification standards, however, has meant that supply has been slow to adjust. With limited supply, we hypothesize that organic suppliers...
Persistent link: https://www.econbiz.de/10009444715
Although mixed logit models are common in stated preference applications, resulting welfare estimates can be sensitive … to minor changes in specification. This can be of critical relevance for policy and welfare analysis, particularly if … quantifies the sensitivity of welfare estimates to common variations in mixed logit specification and assesses practical …
Persistent link: https://www.econbiz.de/10009446090
The use of passenger cars in the U.S. is widely recognized as a primary source of greenhouse gas emissions. Among other concerns related to transportation energy usage, these emissions have motivated policy makers to reform regulatory policies that impact the design and pricing behavior of...
Persistent link: https://www.econbiz.de/10009477101
Factors such as rapidly growing population in metropolitan areas, stricter government regulations in wastewater infrastructure management, wastewater infrastructure assets nearing the end of its design life, along with limited budgets for maintenance and rehabilitation, are constantly...
Persistent link: https://www.econbiz.de/10009430300
Valuation of infrastructure assets has drawn close attention in the U.S. since the Governmental Accounting Standards Board Statement 34 (GASB 34) was issued in 1999. GASB 34 recommends two valuation methods: the depreciation method and the modified approach. The depreciation method estimates the...
Persistent link: https://www.econbiz.de/10009430304
This study develops a decision-making framework for large combined sewer management to assist asset managers in decision-making regarding sewer maintenance and rehabilitation plans under constraints of limited access to sewer condition data. Traditionally, municipalities have addressed this...
Persistent link: https://www.econbiz.de/10009430505
Policy and planning for the provision of water supply and sanitation services in developing countries. Reviews …
Persistent link: https://www.econbiz.de/10009432313
enrollee ability across colleges and a $2500 increase in average student welfare. Second, I examine the equilibrium … welfare is three times as large as government savings. Finally, I study the extent to which the government can expand college …
Persistent link: https://www.econbiz.de/10009439060