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This paper develops an empirical strategy for testi ng competing hypotheses of expectation regimes when direct measures of expectati ons are unavailable. The procedure takes as given an assumed structural relation ship between expected values of exogeneous variables and a given decision variab...
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When considering many environmental problems, society is faced with decisions involving multiple objectives and with problems in valuing environmental impacts. This study illustrates a multiple goal approach applicable to land and water resource project evaluations. The approach explicitly...
Persistent link: https://www.econbiz.de/10005441788
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