A TEST OF COMPETING EXPLANATIONS OF COMPENSATION DEMANDED (1999)
HOROWITZ, JOHN K., MCCONNELL, K. E., QUIGGIN, JOHN
We find that prospect theory behavior is significantly more prevalent than utility theory behavior in experiments involving multiple, real items. In the experiments, subjects were endowed with three...
A Test of Competing Explanations of Compensation Demanded (1997)
Horowitz, John K., McConnell, K. E., Quiggin, John
The disparity between willingness-to-pay and willingness-to-accept, also known as compensation demanded, is a robust experimental finding. Two types of explanations been proposed. The first invokes...
A Test of Competing Explanations of Compensation Demanded (1997)
Horowitz, John K., McConnell, K. E., Quiggin, John
The disparity between willingness-to-pay and willingness-to-accept, also known as compensation demanded, is a robust experimental finding. Two types of explanations been proposed. The first invokes...
A Test of Competing Explanations of Compensation Demanded (1997)
Horowitz, John K., McConnell, K. E., Quiggin, John
The disparity between willingness-to-pay and willingness-to-accept, also known as compensation demanded, is a robust experimental finding. Two types of explanations been proposed. The first invokes...
A Test of Competing Explanations of Compensation Demanded (1997)
Horowitz, John K., McConnell, K. E., Quiggin, John
The disparity between willingness-to-pay and willingness-to-accept, also known as compensation demanded, is a robust experimental finding. Two types of explanations been proposed. The first invokes...
A Test of Competing Explanations of Compensation Demanded
Horowitz, John K., McConnell, K. E., Quiggin, John
The disparity between willingness-to-pay and willingness-to-accept, also known as compensation demanded, is a robust experimental finding. Two types of explanations been proposed. The first invokes...
A Test of Diminishing Marginal Value
JOHN HOROWITZ, J. LIST, K. E. McCONNELL
The notion of diminishing marginal value had a profound impact on the development of neoclassical theory. Early neoclassical scholars had difficulty convincing contemporaries of the new paradigm's...
Public Goods as Characteristics of Non-market Commodities.
Bockstael, N E, McConnell, K E
In benefit-cost analysis, it is useful to model public goods as the quality of privately consumed nonmarketed goods. This strategy is often pursued in valuing environmental amenities. The theoretical...
Buyback programs in commercial fisheries: efficiency versus transfers
Weninger, Quinn, McConnell, K. E.
A Cournot model of investment is used to characterize the pre- and post-buyback investment equilibrium for vessels operating in a total-allowable-catch-regulated fishery. Welfare effects-the net...
A Test of Competing Explanations of Compensation Demanded.
Horowitz, John K, McConnell, K E, Quiggin, John
We find that prospect theory behaviour is significantly more prevalent than utility theory behavior in experiments involving multiple, real items. In the experiments, subjects were endowed with three...
Nutrient Trading, the Flush Tax, and Maryland's Nitrogen Emissions to the Chesapeake Bay
Hanson, James C., McConnell, K.E.
We investigate nutrient trading for point and non-point sources for the Bay Restoration Fund in Maryland. We demonstrate how to use the proceeds from the tax revenue to mimic trading high-cost...
AGGREGATION IN RECREATION ECONOMICS: ISSUES OF ESTIMATION AND BENEFIT MEASUREMENT
McConnell, K.E., Bockstael, N.E.
Resource /Energy Economics and Policy,
Simulated Trading for Maryland's Nitrogen Loadings in the Chesapeake Bay
Hanson, James C., McConnell, K.E.
We investigate nutrient trading for point and non-point sources for the Bay Restoration Fund in Maryland. We demonstrate how to use the proceeds from the tax revenue to mimic a market by trading...
Measuring the Benefits of Improvements in Water Quality: The Chesapeake Bay
Bockstael, N. E., McConnell, K. E., Strand, I. E.
Federal, state, and local government agencies have joined forces in the ambitious and expensive task of improving the water quality of the Chesapeake Bay. Clean-up efforts will be devoted to three...
A Random Utility Model for Sportfishing: Some Preliminary Results for Florida
Bockstael, N. E., McConnell, K. E., Strand, I. E.
The gray literature in the field of nonmarket benefit measurement has made extensive use of the random utility (or discrete choice) model in recent years, but few applications appear in the...
Household Labor Market Choices and the Demand for Recreation
This paper introduces household labor market choices into the demand for recreation, showing that the opportunity cost of timewage rate connection is severed when several household members have the...