Benefit transfer offers an inexpensive alternative to conducting an original study to determine economic value. Unfortunately, benefit transfers can also result in biased welfare estimates. In this paper, we suggest a method of calibrating the benefit transfer to reduce this bias. An empirical...

This paper examines producer perceptions of jointly beneficial relationships among best management practices for improved water quality. Identifying producer tendencies to bundle these types of practices may increase adoption and lower the costs of voluntary adoption programmes, particularly...

Conservation programs are a significant part of farm legislation. The recent farm bill increases funding of conservation programs. One result will likely be the increased adoption of basic environmentally benign farming practices, such as conservation tillage. This would lead to improvements in...

This paper examines the preservation of farmland through purchasable development rights. In a comparison of the estimated costs and benefits associated with the development of open space from 1982 to 1992, we show that these programs may provide a net benefit to society. An econometric model is...

Recreation demand modelers have attempted to identify and incorporate the opportunity cost of an individual's time in travel and on-site in the model. Larson (1993b) focused on the value of leisure time in a model where individuals face a fixed work week. In this paper we examine the connection...

This paper uses a lottery-choice mechanism to measure farmer preferences over money-denominated risks. We look at the ability of these choice data to predict farming decisions for an in-person sample of 68 farmers. A coarse version of our risk preference measure has substantial explanatory power...