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RE: st: Treat zeros in logarithms

From   "Mentzakis, Emmanouil" <>
To   "''" <>
Subject   RE: st: Treat zeros in logarithms
Date   Tue, 26 Aug 2008 19:52:24 +0100

Dear Caleb,

Thank you for the reference. Even better than the reference is their book on non-market valuation.


-----Original Message-----
From: [] On Behalf Of Caleb Southworth
Sent: 26 August 2008 18:52
To: ''
Subject: RE: st: Treat zeros in logarithms

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.



Caleb Southworth
Associate Professor
University of Oregon Sociology
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