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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