Discrete choice under preference uncertainty: an improved structural model for contingent valuation

Article Abstract:

The discrete choice contingent valuation method is widely used in the valuation of nonmarket environmental resources. It is regarded as more market-like and easier to respond to compared with the continuous method, which requires an amount to be specified for the willingness to pay. However, the discrete choice data contains diffuse valuation information which requires a valuation distribution model to characterize individuals' environmental valuation. Such a model was developed by assuming that individuals have a true valuation of the resource under consideration, but are uncertain about its magnitude.

Models, Uncertainty, Statistical decision, Statistical decision theory, Decision theory

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Renewable resources and economic sustainability: A dynamic analysis with heterogeneous

Article Abstract:

An investigation into the management of alternative energy resources over time is presented. Decisions made concerning the choice of energy resources are not made with a view to how it may affect future choices.

Legislative Bodies, Energy & Natural Resources, Analysis, Economic aspects, Energy policy, Alternative energy sources, Renewable energy, Energy economics

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Uncertain measurements of renewable resources: approximations, harvesting policies and value of accuracy

Article Abstract:

The fact that management of renewable resources is capable to measurement error, is put forth. The model, method, approximations and measurement accuracy value of renewable resources are explained.

Reports, Stochastic analysis, Error analysis (Mathematics), Renewable natural resources, Renewable resources

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