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The management of natural commons is typically subject to threshold effects: past a certain agregate consumption level, the benefits of the commons will be lost for everybody. As dealing with the global climate illustrates, moreover, it is often impossible to locate an actual threshold with...
Persistent link: https://www.econbiz.de/10014185935
The siting of public facilities such as prisons or waste disposal facilities typically faces rejection by local populations (the "NIMBY" syndrome, for Not In My BackYard). These public goods exhibit a private bad aspect creating an asymmetry: all involved communities benefit from their...
Persistent link: https://www.econbiz.de/10008642754
Allocating property rights on an open-access resource that has been freely exploited in the past is often problematic. In practice, involved agents typically rely on one of two competing principles to determine future allocation. The first principle, grandfathering, favors the status quo while...
Persistent link: https://www.econbiz.de/10012961421
Most natural commons are subject to discontinuities and threshold effects, so their gradual depletion may result in a sudden irreversible loss of the associated ecological services. Yet, it is often impossible to locate these thresholds with certainty. We analyze this context using a variant of...
Persistent link: https://www.econbiz.de/10008835200
Most natural commons are subject to discontinuities and threshold effects, so their gradual depletion may result in a sudden irreversible loss of the associated ecological services. Yet, it is often impossible to locate these thresholds with certainty. We analyze this context using a variant of...
Persistent link: https://www.econbiz.de/10008838970
Persistent link: https://www.econbiz.de/10009720335
This paper proposes a robust estimator for a general class of linear latent variable models (GLLVM) (Moustaki and Knott 2000, Bartholomew and Knott 1999). It is based on a weighted score function that is simple to implement numerically and is made consistent using the basic idea of indirect...
Persistent link: https://www.econbiz.de/10005075685
In this paper robust statistical procedures are presented for the analysis of skewed and heavy-tailed outcomes as they typically occur in health care data. The new estimators and test statistics are extensions of classical maximum likelihood techniques for generalized linear models. In contrast...
Persistent link: https://www.econbiz.de/10005075686