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
We are deeply saddened by the passing of Kate Ho, the John L. Weinberg Professor of Economics and Business Policy at Princeton University and a Fellow of the Econometric Society. Kate was a brilliant IO economist and scholar whose impact on the profession will resonate for many years to come.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.