Dear Caleb,
Thank you for the reference. Even better than the reference is their book on non-market valuation.
Cheers
Manos
-----Original Message-----
From: [email protected] [mailto:[email protected]] On Behalf Of Caleb Southworth
Sent: 26 August 2008 18:52
To: '[email protected]'
Subject: RE: st: Treat zeros in logarithms
be bounded by zero and income. But perhaps a willingness<.01 dollars is sufficient? At some point we would have to ask what's the difference between .001 and zero dollars?
Probably you already have this one:
Referendum Models and Economic Values: Theoretical, Intuitive, and Practical Bounds on Willingness to Pay. Timothy C. Haab and Kenneth E. McConnell. Land Economics, Vol. 74, No. 2 (May, 1998), pp.
216-229.
HTH.
Caleb
Caleb Southworth
Associate Professor
University of Oregon Sociology
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