Choice of valuation methods shifts the spatial configuration and magnitude of the socially optimal N application rates illustrating the importance of valuation method and assumptions.
It does not help that there is no uniformity of valuation methods across the industry.
Figures 1A, B and 1C display the valuations of each group, for each pair of valuation methods respectively.
These authors argue that valuation differences between groups could relate to differences in interpretation of the vignettes, fundamental differences in opinion between groups regardless of valuation method, or to differences in the use of valuation methods [ 5, 19].
There are two broad classes of valuation methods for the valuation of this time: (1) revealed preference methods including the opportunity cost and proxy good variants, and (2) stated preference methods.
Hotchkiss agreed with the Creditors Committee's argument in favor of objective application of the valuation methods, and opined that although determining the "inputs" for the methods of valuation tends to involve some subjectivity (e.g., choosing the comparable companies or transactions), the mechanics of the calculating value based upon standard methods should not.
The Debtor claims that Newman's application of the valuation methods in this case "reflects the manner in which he believes real world purchasers will view the Company". Debtor's Post-Trial Brief in Support of Confirmation (Docket # 3092), p. 3-4.
However, we expect that rankings of the health states, as opposed to absolute valuations, will be equal between groups, regardless of valuation method.
However, there are still few applications of economic valuation methods to quantify the social wellbeing derived from maritime conservation policies.
This estimation compared well with reported values in applications of similar valuation methods (Tiwari 1998; Faux and Perry 1999; Latinopoulos et al. 2004).
We show that a state-of-the-art application of an economic valuation method to CES can generate meaningful data for supporting real-world, regional decision-making processes.
