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Published in 2021 at "Journal of the Association of Environmental and Resource Economists"
DOI: 10.1086/713389
Abstract: Intertemporal choices depend on the time preference for discounting future costs and benefits. Allowing complex heterogeneity in time preferences can alter present value estimation of willingness to pay. Using data from a choice experiment about…
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Keywords:
groundwater service;
time;
service values;
discounting ... See more keywords