作者: John B. Loomis
关键词: Public trust doctrine 、 Logistic regression 、 Actuarial science 、 Public trust 、 Supreme court 、 Water right 、 Economics 、 Contingent valuation 、 Dichotomous choice 、 Power (social and political)
摘要: The contingent valuation method (CVM) is used to quantify the Public Trust values of Mono Lake at alternative lake levels. dichotomous choice approach employed using a logit model. economic benefit California residents preserving estimated be $1.5 billion. Purchase replacement water and power would cost $26.2 million annually. On efficiency grounds, reallocation for maintenance warranted. CVM appears useful methodology evaluate balancing feasibility tests expanded doctrine suggested by Supreme Court.