Referendum models and economic values: theoretical, intuitive, and practical bounds on willingness to pay.
A set of criteria is proposed that guarantees a bounded measure of willingness-to-pay (WTP) in contingent valuation models and rejects the traditional random utility model with unrestricted error terms in favor of the random WTP model with bounds on WTP. Analysis indicates that when WTP is bounded...
| Publicado en: | Land Economics Vol. 74; no. 2; pp. 216 - 230 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
University of Wisconsin Press
May 1998
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |