Replaced with revised version of paper 08/31/06.

This paper addresses conceptually and empirically some of the biases commonly associated with contingent valuation (CV) elicitation of willingness to pay (WTP) values for non-market goods and services. More specifically, the study focuses on testing for scope, context, and sequence effects in CV...

Valuation of environmental regulations and policy changes is usually focused on the achievement of economic efficiency or potential Pareto improvement (PPI): a proposed change or policy is accepted if those who gain from carrying out a specific project or policy could, in principle, compensate...

This analysis was supported by Rivers Unlimited and chambers of commerce in communities along the Muskingum River corridor in southeastern Ohio. Hedonic pricing and travel cost/benefit transfer methods are applied to value and compare various water quality, infrastructure and land use control...

The concept of and evidence for benefit capture are explored in a benefit cost analysis of selected water quality and infrastructure improvements in the Muskingum River corridor of South Eastern Ohio. Property tax revenues and CVM bid functions are estimated and implications for benefit capture...

The double bounded dichotomous choice format has been proven to improve efficiency in contingent valuation models. However, this format has been criticized due to lack of behavioral and statistical consistencies between the first and the second responses. In this study a split sampling...

Wal-Mart is a giant in the grocery industry and its influence is growing at a rapid pace. Despite Wal-Mart's success with Everyday Low Pricing (EDLP), there is little to no evidence to suggest that other supermarket chains wish to follow a similar path. Why? This research addresses this question.

This paper deals with the structural change for fats and oils in Japan focusing on the possible influence of health information. The newly developed fat and cholesterol information index appears to reflect the changing health information on fat and cholesterol much better than the ad-hoc...

This study used supermarket scanner data to analyze purchase behavior for higher- and lower-income shoppers in six stores in Columbus, Ohio. Three higher- and three lower-income stores are selected and consumer purchases are observed for 17 varieties of apples. The results show that lower-income...

Replaced with revised version of paper 07/21/06.