For group decision about shared goods, the nature of the shared good and how its cost is to be shared among group members must be determined. Complexity arises from heterogeneity in preferences and endowments and nonlinear cost. To facilitate group decision, this paper proposes special type of...

Groundwater is a form of natural capital that is valued for the goods it provides, including ecosystem health, water quality, and water consumption. Degradation of groundwater could be alleviated through social investment such as for water reuse and desalination to reduce the need for...

"This paper reports the design and testing of a coordination process for finding a group agreement simultaneously about cost sharing and the nature of a shared good. The process was designed to search for a cost sharing equilibrium, a particular type of Pareto optimum. The cost share equilibrium...

"We propose a regional cooperative water management system that combines aspects of a nonprofit regional utility and a representative governing body. The conceptual basis is temporal economic efficiency. To help the utility make acceptable management decisions, a representative body of water...

"Most decisions (political, economic, and social) are made in the context of risk so the subject of human behavior under risk is of interest to several disciplines. Social science researchers who apply experimental methods to study individual or group behavior in such contexts may also want to...

Nonmarket goods include quality aspects of market goods and public goods which may be substitutes or complements for private goods. Traditional methods of measuring benefits of exogenous changes in nonmarket goods are based on Marshallian demand: change in spending on market goods or change in...

Procedures are needed to evaluate the benefits of the provision of information. This paper shows how to apply a money metric definition of the value of information for this purpose. The application is to microeconomic input choices for agricultural production, and the information to be valued...

For production risk with identified physical causes, the nature of risk, production characteristics, risk preference, and prices determine optimal input use. Here, a two-way classification for pairs of inputs – each input as being risk increasing or decreasing and pairs as being risk...