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-pecuniary component of utility associated with each choice alternative. Previous work has found that, without parametric restrictions or …-pecuniary component of utility associated with each choice alternative. We develop nonparametric estimators corresponding to two … application. Micro data from the 2000 Census are used to calculate the returns to a college education. If high-school and college …
Persistent link: https://www.econbiz.de/10012759373
-pecuniary component of utility associated with each choice alternative. Previous work has found that, without parametric restrictions or …-pecuniary component of utility associated with each choice alternative. We develop nonparametric estimators corresponding to two … application. Micro data from the 2000 Census are used to calculate the returns to a college education. If high-school and college …
Persistent link: https://www.econbiz.de/10012464700
Persistent link: https://www.econbiz.de/10013166214
. Furthermore, we discuss how such a preference can be integrated in the modelling of utility in order to account for the …
Persistent link: https://www.econbiz.de/10010366516
Persistent link: https://www.econbiz.de/10012651510
Persistent link: https://www.econbiz.de/10009312789
A “conservation good” (such as a tropical forest) is owned by a seller who is tempted to consume (or cut), but a buyer benefits more from conservation. The seller prefers to conserve if the buyer is expected to buy, but the buyer is unwilling to pay as long as the seller conserves. This...
Persistent link: https://www.econbiz.de/10012960902
A conservation good, such as the rainforest, is a hostage: it is possessed by S who may prefer to consume it, but B receives a larger value from continued conservation. A range of prices would make trade mutually beneficial. So, why doesn't B purchase conservation, or the forest, from S?If this...
Persistent link: https://www.econbiz.de/10013037627
A “conservation good” (such as a tropical forest) is owned by a seller who is tempted to consume (or cut), but a buyer benefits more from conservation. The seller does conserve if the buyer is expected to buy, but the buyer is unwilling to pay as long as the seller conserves. This...
Persistent link: https://www.econbiz.de/10013315751
A conservation good, such as the rainforest, is a hostage: it is possessed by S who may prefer to consume it, but B receives a larger value from continued conservation. A range of prices would make trade mutually beneficial. So, why doesn't B purchase conservation, or the forest, from S?
Persistent link: https://www.econbiz.de/10012461249