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While the compensatory model of choice dominates the environmental valuation literature, non-compensatory models, where individuals do not tradeoff one attribute for another, are sometimes found to be better representations of choice behavior. Most non-compensatory models employ “cutoffs”,...
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The measurement of passive use values has become an important issue in environmental economics. In this paper we examine an extension or variant of contingent valuation, the choice experiment, which employs a series of questions with more than two alternatives that are designed to elicit...
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