1. Essay On Traffic Safety
In an RP study the individuals" preferences for a non-marketed good are estimated by observing the behavior of the individuals on an existing market where there is a relationship between the non-marketed good of interest and the market good. ... The other approach to estimate individual preferences is to use actual market behavior. Individuals" preferences for a non-marketed good in an RP study are, as mentioned above, estimated by observing the behavior of the individuals on an existing market. ... When this relationship is established the value of the non-marketed good can be determined. ......
- Word Count: 4198
- Approx Pages: 17
- Grade Level: Undergraduate