Testing Rationality in Contingent Valuation Studies
In a world characterized by one unrationed good (ie, market good), and one rationed, such as most of environmental goods, we obtain sufficient conditions for the existence of an underlying rational preference structure based on a system of mixed demand functions. The implications for CV studies are...
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| Format: | workingPaper |
| Language: | eng |
| Published: |
2019
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| Online Access: | http://hdl.handle.net/10362/89012 |
| Country: | Portugal |
| Oai: | oai:run.unl.pt:10362/89012 |