On Measuring the Value of a Nonmarket Good Using Market Data

We use line integral theory to lay out in a more general theoretical framework the conditions under which it is possible to measure with market data the welfare effects of a change in a nonmarket good. We present in detail a numerical method of measuring the value of nonmarket goods using market dat...

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Bibliographic Details
Main Authors: Bullock, David S., Minot, Nicholas
Format: Journal Article
Language:Inglés
Published: Wiley 2006
Subjects:
Online Access:https://hdl.handle.net/10568/172189

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