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Experiments on the difference between willingness to pay and willingness to accept. (includes appendix)
November 1, 1993... I. INTRODUCTION
Economic analysis is often concerned with the estimation of "values" or welfare measures, for various goods and services. In attempting to derive empirical estimates of welfare measures, individuals may be asked to state the...
Asset fixity and the distribution of rents from agricultural policies.
November 1, 1993... I. INTRODUCTION
The question that occurs in every discussion about agricultural policies is who gets how much? The size and distribution of rents are a natural set of variables to examine when policies are fabricated in a world of...