CIPEC Biocomplexity Preference Specification
Agent-Decision Making
Incomplete Factorial Design
A preference
specification will consist of a definition of goods (for our model:
intertemporal leisure, consumption, residential housing, aesthetic and
recreational benefits from land use); a particular mathematical functional
form; constraints on available labor, land, and the household's budget;
and exogenous factors such as production and price parameters.
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Last Updated: May 11, 2005
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