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Substitution Effects in the Contingent Valuation of Multiple Environmental Programs: A Maximum Likelihood Estimator and Empirical Tests

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  • Hoehn, John P.
  • Loomis, John B.

Abstract

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Suggested Citation

  • Hoehn, John P. & Loomis, John B., 1992. "Substitution Effects in the Contingent Valuation of Multiple Environmental Programs: A Maximum Likelihood Estimator and Empirical Tests," Staff Paper Series 201147, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  • Handle: RePEc:ags:midasp:201147
    DOI: 10.22004/ag.econ.201147
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    File URL: http://ageconsearch.umn.edu/record/201147/files/agecon-msu-92-17.pdf
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    References listed on IDEAS

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    1. Trudy Ann Cameron, 1991. "Interval Estimates of Non-Market Resource Values from Referendum Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 67(4), pages 413-421.
    2. Hoehn, John P & Randall, Alan, 1989. "Too Many Proposals Pass the Benefit Cost Test," American Economic Review, American Economic Association, vol. 79(3), pages 544-551, June.
    3. John P. Hoehn, 1991. "Valuing the Multidimensional Impacts of Environmental Policy: Theory and Methods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 289-299.
    4. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January.
    5. Braeutigam, Ronald R & Noll, Roger G, 1984. "The Regulation of Surface Freight Transportation: The Welfare Effects Revisited," The Review of Economics and Statistics, MIT Press, vol. 66(1), pages 80-87, February.
    6. McConnell, K. E., 1990. "Models for referendum data: The structure of discrete choice models for contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 18(1), pages 19-34, January.
    7. Paul J. Driscoll & Richard Boisvert, 1991. "Dual Second- and Third-Order Translog Models of Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1146-1160.
    8. Cameron, Trudy Ann, 1988. "A new paradigm for valuing non-market goods using referendum data: Maximum likelihood estimation by censored logistic regression," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 355-379, September.
    9. Lave, Lester B, 1984. "Controlling Contradictions among Regulations," American Economic Review, American Economic Association, vol. 74(3), pages 471-475, June.
    10. Smith, V. Kerry, 1992. "Arbitrary values, good causes, and premature verdicts," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 71-89, January.
    11. Hoehn, John P. & Randall, Alan, 1987. "A satisfactory benefit cost indicator from contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 226-247, September.
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    Cited by:

    1. Hoehn, John P., 1992. "Natural Resource Damage Assessment and Contingent Valuation: Issues and Research Needs," Staff Paper Series 201153, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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