Incorporating zero values in the economi
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Benjamin Reiser; Mordechai Shechter
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Article
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1999
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John Wiley and Sons
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English
⚖ 135 KB
👁 1 views
The contingent valuation method estimates individuals' willingness to pay (WTP) for non-market environmental assets via preferences elicited by either open-ended or dichotomous choice questions. Traditional analysis of such data has tended to ignore zero WTP values, or treat them in an unsatisfactor