The manner in which WTP survey responses are elicited has received much attention in the nonmarket valuation literature because of the potential bias that may be introduced via alternate response formats. One issue of particular concern is that of incentive compatibility. Several studies have...

The manner in which WTP survey responses are elicited has received much attention in the nonmarket valuation literature because of the potential bias that may be introduced via alternate response formats. One issue of particular concern is that of incentive compatibility. Several studies have...

This paper proposes using a control function to correct for endogeneity in recreation demand models. The control function approach is contrasted with the method of alternative specific constants (ASCs), which has been promoted in prior research. As an application, we consider the case of travel...

A utility-theoretic model indicates that mitigation prices for wetland ecosystems depend on preferences and technical knowledge. Empirical analysis found gaps in respondents' knowledge about such ecosystmes. Valuing wetland types requires dealing with respondents' possible misinformation, by...

Replaced with revised version of paper 07/22/08.

Alien invasive species contribute to biodiversity loss and cause billions of dollars of economic damage in the Great Lakes. We examine the design and efficiency of a tradeable permit system for biological pollution due to alien species that invade the Great Lakes through the ballast water of...