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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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© Adam Bailey and Economic Droplets, 2012-2025.
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Author Archives: Adam Bailey
Making Sense of Replicability
A number of developments suggest a crisis in science associated with the requirement of replicability. The issues are complex, especially where scientific results include statistical estimates. Originally posted 13/1/2014. Re-posted following site reorganisation 21/6/2016. A widely accepted requirement of good … Continue reading
Posted in Scientific method
Tagged data reproducibility, replicability, reproducibility
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The Value of Time in the Travel Cost Method
Travel costs used in valuing recreational sites often include the value of travel time at around 1/3 of the wage rate. A recent study suggests the fraction should be higher, for some travellers at least. Originally posted 3/12/2013. Re-posted following … Continue reading
The Travel Cost Method – Some Pitfalls
The travel cost method is an essential tool in estimating the economic value of non-market recreational sites such as parks, but its application is rarely straightforward. Here are some of its pitfalls. Originally posted 11/8/2012. Re-posted following site reorganisation 21/6/2016. … Continue reading
Brexit and Fisheries
If the UK left the EU, it would take its sea fisheries with it. It’s outside the scope of this blog to give a view on whether the UK should remain within or leave the European Union; most of the issues … Continue reading
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