Non-Market Valuation and the Household

The purpose of this paper is to describe the implications of the collective model of household behavior for the methods used to estimate the economic value of non-marketed environmental resources. The effects of public good and risk are considered, along with revealed and stated preference methods. To the extent the collective framework is adopted, then recover of individual preferences from household behavior requires distinguishing how preference and within household income allocations affect choices.


Issue Date:
1998
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/10455
Total Pages:
24
JEL Codes:
Q20; H40
Series Statement:
Discussion Paper 98-31




 Record created 2017-04-01, last modified 2017-08-23

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