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Churchill County, Nevada had approximately 23,000 residents, with an estimated 13,500 who relied on private wells for water supply in 2002. This study examined exposure to arsenic in water supplies among residents with private domestic wells and factors related to householder choice to consume...
Persistent link: https://www.econbiz.de/10005327961
The demand for bottled water has increased rapidly over the past decade, but bottled water is extremely costly compared to tap water. The convenience of bottled water surely matters to consumers, but are others factors at work? This manuscript examines whether purchases of bottled water are...
Persistent link: https://www.econbiz.de/10005000520
Risk aversion is well established in the health and safety literature, and ambiguity is addressed in theoretical and experimental economics literature, but few theoretically-consistent empirical models addressing the relationship between ambiguity, risk, and preferences exist. Even fewer address...
Persistent link: https://www.econbiz.de/10005522995
A model of recreation demand is developed to determine the role of water levels in determining participation at and frequency of trips taken to various federal reservoirs and rivers in the Columbia River Basin. Contingent behavior data are required to break the near-perfect multicollinearities...
Persistent link: https://www.econbiz.de/10005525415
The cost of travel time has commonly been incorporated in recreation demand models as some fucntion of the wage rate. This paper proposes a new methodology of determining the value of leisure time. The proposed method is compared to other alternatives and shown to yield more appropriate welfare...
Persistent link: https://www.econbiz.de/10005536441
We devise a simple model of intergenerational altruism under uncertainty. We present an estimable form of the model that relies on a few, plausible, assumptions. We apply the model to data collected in a survey of Southern Nevadans concerning the proposed Yucca Mountain Nuclear Waste Repository...
Persistent link: https://www.econbiz.de/10005460266
Persistent link: https://www.econbiz.de/10011095785
Using a laboratory experiment, we investigate the validity of stated risks elicited via the Exchangeability Method (EM) using an evaluation method based on de Finetti’s notion of coherence, under which probability estimates are valid if and only if they obey all axioms of probability theory....
Persistent link: https://www.econbiz.de/10010880262
The validity of risk estimates elicited through the Exchangeability Method (EM) has been theoretically questioned because the use of chained questions may undermine the incentive compatibility of the game even when subjects are rewarded with real monetary incentives. In this paper, we examine...
Persistent link: https://www.econbiz.de/10010914761
Persistent link: https://www.econbiz.de/10010920734