Lexicographic Preferences in Contingent Valuation: A Theoretical Framework with Illustrations.
This paper considers some implications of L*-ordering, an incommensurable preference model proposed in earlier CV literature. The structure and existence of inverse demand functions is shown to be a function of three elements, the relationship between goods and wants, WTA/WTP formats and the endowme...
| Publicado en: | Land Economics Vol. 79; no. 2; pp. 277 - 292 |
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| Formato: | Artículo |
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University of Wisconsin Press
May 2003
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| Acceso en línea: | Ver este registro en EBSCOhost |