haku: @author Randall, A. / yhteensä: 5
viite: 4 / 5
| Tekijä: | Randall, A. Hoehn, J. |
| Otsikko: | Embedding in market demand systems |
| Lehti: | Journal of Environmental Economics and Management
1996 : MAY, VOL. 30:3, p. 369-380 |
| Asiasana: | MARKETS DEMAND MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | The term embedding has been popularized by Kahneman and Knetsch (KK) to describe a phenomenon often observed in contingent valuation (CV) data sets: willingness to pay for a particular good may vary "over a wide range depending on whether the good is assessed on its own or embedded as part of a more inclusive package" (KK, 1992). They argue that embedding is a pathology that may be fatal to CV. To evaluate the KK criticism, it is necessary to determine whether the level of embedding is one of the conditions to which economic values should be responsive, or merely an irrelevant side-condition for valuation. |
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