Contingent valuation: Environmental polling or preference engine? [An article from: Ecological Economics]
Contingent valuation: Environmental polling or preference engine? [An article from: Ecological Economics]

How to Read Contingent valuation: Environmental polling or preference engine? [An article from: Ecological Economics] MOBI

This digital document is a journal article from Ecological Economics, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.Description: This paper develops and implements a unique formulation of a household production model in that technology is characterized as a distance function. The properties of the distance function allow for the derivation of shadow prices for the inputs and outputs associated with household production, which can be applied to the problem of valuing nonmarket goods or activities. The approach requires only one input to or output of household production to bear a price. The derivation of shadow prices for all other household inputs/outputs follows from the properties of the distance function. I demonstrate the approach using data on the waste management activities of a sample of households from Marietta, Georgia, and by calculating shadow prices for the nonmarket activity of recycling.

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  • Released: November 16, 2020
  • Author: D. MacMillan,N. Lienhoop
  • Rating: 4,9
  • Publisher: Ebook DIgital Agency
  • Total Page: 698 pages
  • File Size: 3670 KB
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