We chose this formulation rather than letting the firm choose Installed capacity because analysis of this intermediate model highlights the trade-off between the opportunity costs
of having too much vs.
Therefore, using this building for a community center entails an opportunity cost
Another method used to find the goodness of fit for the E-V approximation is Simaan's (1986) Opportunity Cost
Market prices, opportunity costs
, and income effects.
The CVM might be used to obtain opportunity costs
of time, which in turn might be combined with travel cost data to estimate consumer's surplus associated with recreation in the normal manner.
Citation: "Neglect of Opportunity Costs
in Consumer Choice," Shane Frederick (MIT), Nathan Novemsky (Yale), Jing Wang (Yale), Ravi Dhar (Yale), Stephen Nowlis (Arizona State).
I thank an anonymous referee, David Colander, Avi Cohen, Rod O'Donnell, Bill Polley, Shane Sanders, Paul Ferraro, James Lake, Viplav Saini and participants in the AEA CTREE session "Why are opportunity costs
The opportunity cost
of debt and equity as based on the price of alternative financial assets and rates of interest.
Given the opportunity costs
, it is in the national interest to assist minority business to become a viable business sector.
A further percentage add-on was applied to all scores for codes within a given specialty based on the amortization of opportunity costs
associated with differential lengths of residency training over differential expected practice lives of such specialists.
The opportunity costs
of not working become clearer.
Contracting and legal costs, including the monetary and opportunity costs
involved in contracting, renegotiating or vendor dispute settlements.