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Efforts should be directed towards assessing marginal values of ecosystem services in land-use changes over time, and benefit flows among different stakeholders.
We estimate a system of random coefficient Logit models, to obtain marginal values of innovation traits that can be useful for targeting farm types with appropriate innovations and designing policies for securing agricultural revenue.
Considering a network flow type model as the basis of the analysis, general structural properties of flexibility design pertaining to the marginal values of flexibility and capacity are identified.
This paper develops a new ascending-price multi-unit auction protocol that has the following characteristics: (i) it has an open format, and (ii) sincere bidding is an equilibrium strategy even if the marginal values of each agent can increase and agents can submit false-name bids.
By and large, our results support the neoclassical theory as we find that the means of the conditional estimates of the marginal values of attributes are unaffected by the direction of the price change and from exclusion of the price attribute.
When expression levels are optimal, the marginal values of different proteins will be identical.
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But, because water is plentiful and diamonds are scarce, the marginal value of a pound of diamonds exceeds the marginal value of a pound of water.
Or perhaps the researchers (and the participants) greatly overestimated the additional marginal value of each chocolate.
For Canadian teams, the marginal value of an additional regular-season win is about $1,400 per game (or $60,000 per season), which is not statistically or practically significant.
Metz attributes this mostly to the diminishing marginal value of additional car travel now that we can move fast and far on mature transport infrastructure, like buses and trains.
Instead, the incentives are substantial to engage full force in the nomination process where the marginal value of each dollar is higher and more likely to influence the outcome than in the general election.
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