Assessing the benefits of robbery reduction: The case of a large Brazilian city
We estimate willingness to pay (WTP) for a first-order stochastic reduction on the risk of robbery at a large city in Brazil. We develop a structural choice model that nests a process of contingent valuation among non-degenerate lotteries and estimate it by both maximum likelihood and geographically...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2019-01-01
|
| Series: | EconomiA |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1517758018300134 |