Valuing a change in a fishing site without collecting characteristics data on all fishing sites: a complete but minimal model


Resource economists are often asked to value a proposed change at one, and only one, recreational site; the model we develop and estimate is applicable for those cases. The application is valuing the elimination of fish-consumption advisories on a large bay on Lake Michigan. The model is a minimal but complete: complete in that the choice set is not… (More)


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