The United States invests tens of billions of dollars in higher
education each year. This had led many researchers to estimate the
marginal and average rates of return to these expenditures. Past
works, however, have been partial in scope. That is, they have
counted only the benefits of higher education...
Although the limitations of consumer surplus have become widely known, there exists a lack of studies which
present in a coherent framework recent developments in estimating Hicksian welfare measures. This study attempts to fill partially this gap by analyzing some theoretical and empirical aspects in the estimation of exact welfare...
This study provides an empirical test of the Bockstael-McConnell
(1980) household production function (HPF) framework for evaluating wildlife recreation. This is perhaps the first study in which
both taste and technology parameters have been estimated with a
theoretical model specification. The results suggest that for
steelhead sport fishing in Oregon,...
