Choice modelling and its potential application to tropical rainforest preservation
Loss of rainforest occurs in part because of a global market failure problem. Markets routinely transmit signals about international demands for forest products such as timber, but fail to transmit signals about demands for preservation. To make efficient resource allocation choices, decision makers need some framework to estimate the non-use values that might be held by an international community for rainforest preservation. Non-market valuation techniques can be used for this purpose, but...[Show more]
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