However, Hammitt and Graham (1999) suggest that for small changes in health risks WTP should be approximately proportional to probabilities. On the other hand, Randall and Hoehn (1996) denote embedding to be an ordinary economic phenomenon.
However, Hammitt and Graham (1999) suggest that for small changes in health risks WTP should be approximately proportional to probabilities. On the other hand, Randall and Hoehn (1996) denote embedding to be an ordinary economic phenomenon.