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This paper addresses the issue of how to estimate by contingent valuation methods the maximum price consumers are willing to pay when a new quality is available for a market good for which quantity adjustments are possible. We argue that current practice, which typically does not specify a...
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Cost-benefit analyses are commonly applied to assess the net welfare effects of policies to improve surface water … improvements on water quality there will typically be considerable time lags, and in many cases there is a risk that the measures …. Our analysis indicates that reaching the EU Water Framework Directive target for our case study will lead to large and …
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In the framework of a vertically differentiated mixed duopoly, with uncovered market and costless quality choice, we study the existence of a price equilibrium when a welfare-maximizing public firm producing low quality goods competes against a profit-maximizing private firm producing high...
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