This document contains a methodology for assessing economic value of three goods and services provided by coral reef ecosystems in the Caribbean. The paper begins with a background on the importance of coral reefs and ecosystem goods and services, and provides a brief overview of economic valuation methods. Next, we present our current approach for valuing three important coral-reef associated ...

Companies have made their best efforts to sustain ongoing relations with their customers and thus generate as much revenue and profits as possible through CRM (Customer Relationship Management). One of the key marketing tools of CRM is target marketing. Target marketing is a marketing strategy that analyzes certain goods and services preferred by existing customers, develops new goods and servi...

The existence of durable goods implies that the welfare flow from consumption cannot be directly associated with total consumption expenditures. As a result, tests of standard theories of consumption (such as the Permanent Income Hypothesis, or PIH) typically focus on nondurable goods and services. Specifically, these studies generally relate real consumption of nondurable goods and services to...

The University of Michigan Digital Library is a large-scale confederation of software agents, providing library content and services to users and each other within a distributed network environment. Allocation of resources and activities to the various agents is determined through a market-based negotiation process, where agents tender ooers to buy or sell services , basic resources, and other ...

We utilize a new micro dataset of prices of funeral goods and services at individual funeral homes, plus data from the Census to examine the effects of state regulations that restrict entry into funeral goods market. In particular, some states have regulations that allow only licensed funeral homes to sell caskets, while others allow unlicensed retailers, such as Costco, to compete with funeral...

This paper provides a general framework for understanding consumer behavior related to goods and services that may be considered environmentally friendly, ethically produced, fairly traded, or some combination thereof. This paper generalizes the impure public good model and derives its comparative static properties. The model accounts for any number of impure public (green) goods and joint prod...