Discuss the validity of data obtained through market

Assignment Help Microeconomics

Reference no: EM131154017

Final Project Milestone Three: Reporting Results

Note; FOUR PAGES

Relay the results of the market, stated preference, and revealed preference studies that you have examined during this course. Consider an audience of varying status-level decision makers while writing your report. Provide any background that a non-economist would need in order to understand the implications of the results for each of the studies (market, stated preference, and revealed preference).

Milestone Guidelines

Your economic impacts and results paper should answer the following question:

Based on the measurement of environmental-economic impacts examined during this course, what information would non-economists need in order to understand the implications of these situations so that they can determine possible benefits of future studies?

Specifically, the following critical elements must be addressed:

Reporting Results

For an audience of varying status-level decision makers, such as a resource management agency, relay the results of the market, stated preference, and revealed preference studies that you examined during this class. Provide any background that a non-economist would need in order to understand the implications of the results.

A. Market

i. Resource valuation question and the methods and techniques used to address the issue
ii. Quantify the results in terms of damage levels and impacts to current and future uses
iii. Implications

B. Revealed Preference

i. Resource valuation question and the methods and techniques used to address the issue
ii. Quantify the results in terms of damage levels and impacts to current and future uses
iii. Implications

C. Stated Preference

i. Resource valuation question and the methods and techniques used to address the issue
ii. Quantify the results in terms of damage levels and impacts to current and future uses
iii. Implications

D. Discuss the validity and reliability of data obtained through market, revealed preference, and stated preference types of econometric techniques. Which method could you count on to most reliably measure the change in environmental quality with the greatest validity of data? Discuss.

Reference no: EM131154017

Questions Cloud

Identification of potential confounders and effect modifiers : Evaluation of other potential limitations of the study and description of the potential generalizability of the study results

Principles of the strengths approach-empowerment approach : Even if you do not regularly come into contact with people with disabilities in your career, the principles of the strengths approach, empowerment approach and independent living model can be applied in many creative ways. Give at least 2 examples of..

Describe the position of the stomach in the body : Using as many appropriate anatomical terms as apply, describe the position of the stomach in the body and its position relative to the heart.

What is ethnocentric behavior : What is culture? What are the six determinants or factors that influence culture? What is ethnocentric behavior? What is needed to overcome ethnocentric behavior? Read the Opening Case: "Why did Walmart Fail in Germany

Discuss the validity of data obtained through market : Discuss the validity and reliability of data obtained through market, revealed preference, and stated preference types of econometric techniques.

In general the initial statement of work is key : This week we actually reviewed a general Project Charter. In general the initial statement of work is key. Typically all the Business Analyst or Systems Engineer will receive when trying to create the initial Project Charter is a small statement of w..

How can international business limit the constraints : In what ways an organized labor constrain the strategic choices of an international business ? - How can international business limit the constraints?

Organization strategic plan and initiatives : A well-designed compensation philosophy supports the organization’s strategic plan and initiatives, business goals, competitive outlook, operating objectives, and compensation and total reward strategies. 2) Describe the advantages of discretionary b..

How changes within an organization affect the om strategy : Identify how changes within an organization affect the OM strategy for a company.- discuss what impact the following internal factors might have on OM strategy:

User Account

All Pages