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This article uses Cost-Benefit Analysis (CBA) to evaluate restoration scenarios aimed at improving angling on the Em River in Sweden. We find that none of the proposed projects are socially profitable when considering only values associated with angling. We rely on a Choice Experiment (CE) to...
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In addition to its empirical results, this paper makes three distinct contributions to the literature on valuing fishing recreation by stated preference methods. In particular, the paper proposes a new approach to designing a choice experiment, called 'approximate minimax design'. It employs the...
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This paper includes a simulation study on the bias and MSE properties of a two-step probit model estimator for handling missing values in covariates by conditional imputation. In one smaller simulation it is compared with an asymptotically ecient estimator and in one larger it is compared with...
Persistent link: https://www.econbiz.de/10011277362
The calibration approach is suggested in the literature for estimation in sample surveys under non-response given access to suitable auxiliary information. However, missing values in auxiliary information come up as a thorny but realistic problem. This paper considers the consistency of the...
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