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Consumer Surplus Estimates and the Source of Regression Error AgEcon
Beatty, Timothy K.M.; Brozovic, Nicholas; Ward, Michael B..
Contrary to widely held belief, we show that the source of regression error does not matter when calculating Marshallian surplus. A misspecified demand curve, not the assumed source of regression error, leads to differences in estimates of consumer surplus.
Tipo: Conference Paper or Presentation Palavras-chave: Regression Error; Marshallian Surplus; Welfare Analysis; Consumer/Household Economics; D60; C24; Q51.
Ano: 2005 URL: http://purl.umn.edu/19477
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Projected impacts of salinity on dryland property values in South West Australia AgEcon
Ward, Michael B.; Dent, Jared.
Paper removed Jan. 28, 2014 at the request of the authors.
Tipo: Report Palavras-chave: Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/107742
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Residential Water Consumption: A Cross Country Analysis AgEcon
Grafton, R. Quentin; Kompas, Tom; To, Hang; Ward, Michael B..
Survey data from over 1,600 households in ten countries were used to analyse the determinants of residential water demand. Results show that in every country the price elasticity is negative and statistically significant. Households that do not have to pay for the water they use (volumetric water charges) consume about a third more water than similar households that do have to pay such charges. Consumers’ attitudes do not have a statistically significant effect on total water use, although they do increase the probability of households using some water saving behaviours. Volumetric water charges also have an impact on the adoption of water saving actions. Full-cost water pricing appears to be a highly effective instrument to manage residential water...
Tipo: Report Palavras-chave: Water demand; Water consumption; Water pricing; Environmental Economics and Policy; Resource /Energy Economics and Policy; C21; Q25; Q50.
Ano: 2009 URL: http://purl.umn.edu/94823
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The value of information in biosecurity risk-benefit assessment: an application to red imported fire ants AgEcon
Ward, Michael B.; Kompas, Tom.
Paper removed Jan. 28, 2014 at the request of the lead author.
Tipo: Report Palavras-chave: Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/94946
Registros recuperados: 4
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