... introduces a windfall variable that effectively corrects fora market-relevant storm event. With respect to methodology, a random effects Tobit model is applied. Additionally, a Chamberlain-like term is included in the regression to deal with a possible bias generated through the correlation of regressors...

... Licensed re-use rights only tobit model logging U. S. national forest diversity shadow price Q230 D440 Logging in U. S. national forests is a topic of important public debate and controversy, in light of often conflicting goals of maintaining the jobs and revenues generated...