Anthony C. Fisher, Charles J. Cicchetti, V. Kerry Smith
This paper develops a household production model of individual behavior to focus on the choice of recreational activities. This framework is used to propose a generalized approach for measuring the consumer surplus associated with a natural resource development project. The model is applied to the proposed Mineral King project in California. The results indicate that the project is unlikely to yield a positive net present value.
MLA
Fisher, Anthony C., et al. “An Econometric Evaluation of a Generalized Consumer Surplus Measure: The Mineral King Controversy.” Econometrica, vol. 44, .no 6, Econometric Society, 1976, pp. 1259-1276, https://www.jstor.org/stable/1914259
Chicago
Fisher, Anthony C., Charles J. Cicchetti, and V. Kerry Smith. “An Econometric Evaluation of a Generalized Consumer Surplus Measure: The Mineral King Controversy.” Econometrica, 44, .no 6, (Econometric Society: 1976), 1259-1276. https://www.jstor.org/stable/1914259
APA
Fisher, A. C., Cicchetti, C. J., & Smith, V. K. (1976). An Econometric Evaluation of a Generalized Consumer Surplus Measure: The Mineral King Controversy. Econometrica, 44(6), 1259-1276. https://www.jstor.org/stable/1914259
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