Showing papers by "Stockholm School of Economics published in 1971"
01 Mar 1971
TL;DR: In this article, the authors tried to estimate direct recreational benefits from water pollution control by using market demand curves for a sport fishery, where the quality of the fishery was represented by the angling success per unit of effort.
Abstract: In an article in Water Resources Research 1966 [3], Joe B. Stevens tried to estimate direct recreational benefits from water pollution control by using market demand curves for a sport fishery. The quality of the fishery was represented by the angling success per unit of effort. Water pollution would cause a deterioration in the quality, i.e. would decrease angling success. By estimating a demand function for the sport fishery, both as a function of the price of using the fishery and as a function of the quality variable, Stevens thought he could calculate the recreational benefits or the willingness to pay for maintaining constant quality, from various areas under the demand curves.
56 citations
TL;DR: In this paper, subjects were asked to assess their subjective probability distributions for unknown parameters of Bernoulli processes using random devices like, for instance, irregular dice, and the results showed substantial differences between the distributions using the two techniques but these differences decreased as the experiment progressed.
32 citations
TL;DR: In this paper, an experimental premium offer was utilized with Stockholm housewives to produce the intriguing results presented in this study, and they defined and identified elements of behavioral theory relevant to the problem of premium effects.
Abstract: Marketing theory has not focused much attention on the use of premiums. This article attempts to define and identify elements of behavioral theory relevant to the problem of premium effects. An experimental premium offer was utilized with Stockholm housewives to produce the intriguing results presented in this study.
26 citations
TL;DR: In this article, subjects were asked to assess subjective probability distributions for unknown parameters of a Bernoulli process generated by random devices such as oddly shaped dice, and one group of subjects received feedback between the sessions in the form of the true values of the parameters.
17 citations
01 Mar 1971
TL;DR: In this paper, the authors draw attention to some basic facts regarding environmental deterioration in countries with different economic systems and deal with the appropriateness of approaches to solving environmental problems under the different systems.
Abstract: This paper starts out by drawing attention to some basic facts regarding environmental deterioration in countries with different economic systems. From this it proceeds to deal with the appropriateness of approaches to solving environmental problems under the different systems.
11 citations
01 Jan 1971
TL;DR: In this paper, the authors make some comments on the merits of competition and planning for achieving efficiency in developed industrial economies, and they make a distinction between competition versus non-competition (monopoly), and competition versus planning.
Abstract: The purpose of this paper is to make some comments on the merits of competition and planning for achieving efficiency in developed industrial economies. One issue will be competition versus non-competition (monopoly), a second will be competition versus planning. In fact, however, the two issues are closely interconnected.
9 citations