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| Registros recuperados: 12 | |
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| Smith, V. Kerry; van Houtven, George; Pattanayak, Subhrendu K.. |
| This paper proposes and illustrates the use of a new approach to benefit transfer for the non-market valuation of environmental resources. It treats transfer as an identification problem that requires assessing whether available benefit estimates permit the parameters of a preference function to be identified. The transfer method proposed uses these identifying restrictions to calibrate preference parameters and bases the benefit estimates on that preference function. The approach is illustrated using travel cost, hedonic and contingent valuation estimates, as well as combinations of estimates. It has three potential advantages over conventional practice: (1) it allows multiple, potentially overlapping estimates of the benefits of an improvement in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Benefit transfer; Calibration; Non-market valuation; Environmental Economics and Policy; D61; Q20; H40. |
| Ano: 1999 |
URL: http://purl.umn.edu/10607 |
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| Banzhaf, H. Spencer. |
| This paper illustrates how public goods may be incorporated into a cost-of-living index. When public goods are weak complements to a market good, quality-adjusted prices for the market good capture all the welfare information required. They are also consistent with a Laspeyres index that maintains the bound on a true cost-of-living index. The paper recovers this information from a discrete-choice model, using a simulation routine to solve for the appropriate price adjustments. These concepts are applied to the case of housing, education, crime, and air quality in Los Angeles for 1989 to 1994. Over a period of time when they are improving, incorporating pubic goods into the index lowers the estimated change in the cost of living by 0.5 to 2.6 percentage... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Air quality; Discrete choice models; Green accounting; Nonmarket valuation; Price index; Public Economics; C51; D12; D60; E31; H40; R10. |
| Ano: 2002 |
URL: http://purl.umn.edu/10833 |
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| Messer, Kent D.; Kaiser, Harry M.; Schulze, William D.. |
| Many commodities have programs assessing producers for generic advertising. Ads such as "Got Milk?" and the "Incredible Edible Egg" are a public good for producers. Most of these programs originally used the Voluntary Contribution Mechanism, but have now become mandatory because of free-riding. This research simulates both the economic and psychological details of the egg industry in experiments that produce strikingly realistic results. Because mandatory programs have recently been declared unconstitutional, we also the test the Provision Point Mechanism and show that observed low levels of free-riding for both mechanisms are the result of status quo bias. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing; H40; H41; M37. |
| Ano: 2004 |
URL: http://purl.umn.edu/20072 |
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| Whittington, Dale; Hanemann, W. Michael. |
| This paper presents illustrative estimates of the costs and benefits of investments in municipal water and sanitation systems in developing countries. Four sources of information on the economic benefits households receive from improved municipal water and sanitation services are reviewed: (1) prices charged for vended water, (2) avertive expenditures, (3) avoided costs of illness, and (4) stated preference studies. There is little evidence to suggest that the current monthly benefits of improved water and sanitation services exceed the monthly costs. The most important limitation of such comparisons of annual costs and benefits is that benefits per household may well grow over the life of the investments, but this possibility does not ensure that such... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Sustainable Development; Renewable Resources; Resource /Energy Economics and Policy; O13; Q25; H40; N50. |
| Ano: 2006 |
URL: http://purl.umn.edu/7159 |
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| Lopez, Ramon E.. |
| The paper discusses the economic effects of misallocation of public expenditures in favor of private goods rather than public goods. It first lays out certain key hypotheses regarding the consequences of the apparent public sector allocation inefficiency and the factors that explain this phenomenon. It then discusses existing empirical evidence that lends at least indirect support to these hypotheses. Finally, it presents new empirical evidence for the rural sector in Latin America which documents the extent of the misallocation of public expenditures, its consequences for agricultural growth and rural poverty, and the role of certain key politico-institutional factors in explaining the misallocation. |
| Tipo: Journal Article |
Palavras-chave: Public expenditure; Public goods; Agricultural growth; Subsidies; Social equity; International Development; H40; H41; H42; O13; Q15; Q18. |
| Ano: 2007 |
URL: http://purl.umn.edu/112595 |
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| Smith, V. Kerry. |
| This paper considers the modeling strategies that have been used to incorporate time in revealed and stated preference methods for valuing environmental resources. After reviewing a subset of the economic models for describing time as an input to household production; time in creating habits and persistence in demand for particular services of environmental resources, and time as offering an opportunity for future consumption, the overview suggests that time has been used as a complement in production or consumption to marketed goods in each of these frameworks. The paper suggests two possible alternatives. This structure along with further restrictions to preferences or technology implies that there are other strategies for using revealed preference data... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Time; Revealed preference; Complementarity; Environmental Economics and Policy; Q20; Q26; H40. |
| Ano: 1997 |
URL: http://purl.umn.edu/10485 |
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| Registros recuperados: 12 | |
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