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- W2408045430 abstract "Kotchen and Reiling (hereafter KR) conduct a replication of the Loomis, GonzalezCaban, and Gregory (1994) test of the NOAA panel's (Arrow et al. 1993) recommendation that reminders of substitutes and budget constraints be included in contingent markets. In an earlier comment on Loomis et al. (Whitehead and Blomquist 1995) we find that information about related goods can lead to substitution and complementary effects on willingness to pay values for wetland resources. We argue that information about related environmental goods (substitutes or complements) is needed in contingent valuation research, especially for little known natural resources. KR find that the information about substitutes and budget constraints has no effect on mean willingness to pay, but the information improves the efficiency of willingness to pay estimation.'" @default.
- W2408045430 created "2016-06-24" @default.
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- W2408045430 date "1999-08-01" @default.
- W2408045430 modified "2023-09-28" @default.
- W2408045430 title "Do Reminders of Substitutes and Budget Constraints Influence Contingent Valuation Estimates? Reply to Another Comment" @default.
- W2408045430 cites W1513678566 @default.
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- W2408045430 doi "https://doi.org/10.2307/3147193" @default.
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