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RE: st: Treat zeros in logarithms


From   Caleb Southworth <caleb@uoregon.edu>
To   "'statalist@hsphsun2.harvard.edu'" <statalist@hsphsun2.harvard.edu>
Subject   RE: st: Treat zeros in logarithms
Date   Tue, 26 Aug 2008 10:51:52 -0700 (PDT)

be bounded by zero and income. But perhaps a willingness<.01 dollars 
is sufficient? At some point we would have to ask what's the 
difference between .001 and zero dollars?

Probably you already have this one:

Referendum Models and Economic Values: Theoretical, Intuitive, 
and Practical Bounds on Willingness to Pay. Timothy C. Haab and 
Kenneth E. McConnell. Land Economics, Vol. 74, No. 2 (May, 1998), pp. 
216-229.

HTH.

Caleb

Caleb Southworth
Associate Professor
University of Oregon Sociology
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