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| Registros recuperados: 64 | |
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| Herriges, Joseph A.; Kling, Catherine L.; Phaneuf, Daniel J.. |
| The focal point of the revealed preference (RP) valuation literature, including recreation demand and random utility maximization (RUM) models, has been on eliciting the "use" value associated with environmental amenities; i.e., that portion of value associated with direct use of a resource. Maler's (1974) concept of weak complementarity is typically invoked to justify this focus. Indeed, weak complementarity explicitly or implicitly underlies most of the RP literature. In this paper, we consider the measurement of welfare in RP models when weak complementarity does not hold. In particular, the Kuhn-Tucker (KT) framework (e.g., Phaneuf et al. 2000) does not impose weak complementarity a priori, raising the possibility of rejecting weakly complementary in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Revealed preference; Valuation; Weak complementarity; Use value; Research Methods/ Statistical Methods. |
| Ano: 2000 |
URL: http://purl.umn.edu/18341 |
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| Registros recuperados: 64 | |
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