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Options Prices for Groundwater Protection
Options Prices for Groundwater Protection Edwards, S.F. Journal of Environmental Economics and Management, Vol. 15, pp. 475-487, 1988 WHOI-R-88-012 This paper reports results from a contingent valuation study of households’ willingness to pay to prevent uncertain, future nitrate contamination of a portable supply of groundwater. Probability of future demand, change in the probability of future…
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