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Economic Value of Original Non-Market Valuation Research

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  • Allen, Bryon
  • Loomis, John B.

Abstract

We describe a method to determine the net economic gain from conducting original research to estimate non-market benefits of public policy and demonstrate an application of this method. We provide a step-wise method to allow policy practitioners to make informed decisions about when there are expected net benefits to conducting or contracting for original research to estimate the benefits of a policy decision.

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File URL: http://purl.umn.edu/20263
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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2004 Annual meeting, August 1-4, Denver, CO with number 20263.

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Date of creation: 2004
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Handle: RePEc:ags:aaea04:20263

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Keywords: Research and Development/Tech Change/Emerging Technologies;

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  1. Adamowicz, Wiktor L. & Jennings, Sarah & Coyne, Alison, 1990. "A Sequential Choice Model Of Recreation Behavior," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(01), July.
  2. Timothy Park & John B. Loomis & Michael Creel, 1991. "Confidence Intervals for Evaluating Benefits Estimates from Dichotomous Choice Contingent Valuation Studies," Land Economics, University of Wisconsin Press, vol. 67(1), pages 64-73.
  3. Loomis, John B. & White, Douglas S., 1996. "Economic benefits of rare and endangered species: summary and meta-analysis," Ecological Economics, Elsevier, vol. 18(3), pages 197-206, September.
  4. Smith, V. Kerry & Osborne, Laura L., 1996. "Do Contingent Valuation Estimates Pass a "Scope" Test? A Meta-analysis," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 287-301, November.
  5. Morey, Edward R., 1985. "Characteristics, consumer surplus, and new activities : A proposed ski area," Journal of Public Economics, Elsevier, vol. 26(2), pages 221-236, March.
  6. Shaw, W. Douglass & Jakus, Paul M., 1996. "Travel Cost Models Of The Demand For Rock Climbing," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 25(2), October.
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