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T. Cameron (1988)
A New Paradigm for Valuing Non-market Goods Using Referendum Data: Maximum Likelihood Estimation by Censored Logistic Regression'Journal of Environmental Economics and Management, 15
Fisher Fisher, Krutilla Krutilla (1985)
Economics of Nature PreservationHandbook of Natural Resource and Energy Economics, Volume I
A. Fisher, J. Krutilla (1985)
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V. Smith, W. Desvousges (1987)
An Empirical Analysis of the Economic Value of Risk ChangesJournal of Political Economy, 95
J. Hoehn, A. Randall (1987)
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Charles Harris, B.L Driver, William McLaughlin (1989)
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This paper presents results from a national contingent‐valuation study of the economic benefits of preserving old‐growth forests in the Pacific Northwest. The study elicits “market‐like” valuation responses from U.S. households concerning the benefits of a conservation policy for the northern spotted owl. These data provide a basis for estimating the benefits of preservation in terms of average household willingness to pay. Existing cost estimates are used to compute threshold prices that the benefits of the policy must exceed for the policy to be efficient. Benefit/cost ratios are calculated using “best” and “lower‐bound” estimates of the benefits of preservation. Under all combinations of assumptions, the estimated benefits exceed the costs of the conservation policy.
Contemporary Economic Policy – Wiley
Published: Apr 1, 1992
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