Measuring Values Of Environmental Quality Improvement And Leisure Time Through Combining Contingent Valuation and Travel Cost Data

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Young Sook Eom; Douglas M. Larson;
(2004)
  • Subject: Left-side strong second-degree stochastic dominance (L-SSSD), Monotone probability ratio (MPR), Left-side strong increases in risk (L-SIR), Prudence
    • jel: jel:Q26 | jel:J22

This paper demonstrates a utility-theoretic empirical framework for estimating values of environmental quality improvement by combining travel cost and contingent valuation data in a two-constraint (time and money) budget framework. Recgninzing the role of time "prices"... View more
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