This article summarizes the conceptual development and empirical implementation of the travel cost recreation demand model by (J) describing its theoretical underpinnings, (2) outlining how theory must be adapted for the needs imposed by available data. (3) explaining issues to be considered in...

Paper presented at EAAE 2008 Congress

A dichotomous-choice contingent-valuation survey was conducted in the State of Mississippi (USA) to estimate willingness to pay (WTP) for three restoration options being considered for the state’s barrier islands. Random-effects probit models were estimated, and parametric and non-parametric...

Productivity growth and competitiveness indicate that salmon supplyis price responsive. However, in the short run supply is likely to be constrainedby the biological production process, regulations, and capacity constraints. Inthis article, we estimate a restricted profit function for Norwegian...

Includes cover page, journal info, contents page, and editorial information

Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated...