Proponents of wind power note that wind is a green energy source. Yet locating electrical generating windmills has become difficult in some localities because of potential negative externalities. We address why the NIMBY syndrome may arise when choosing site locations by addressing the perceived...

We offer a new approach to investigate hypothetical bias in contingent valuation using a latent choice multinomial logit model. To develop this model, we extend Dempster, Laird, and Rubin's 1977 work on the expectations maximization algorithm to the estimation of a multinomial logit model with...

This article reports an application of the contingent valuation method to measure the value of public goods generated by a professional sports team, the Pittsburgh Penguins of the National Hockey League. The data and analysis indicate that a major league sports team can produce widely consumed...

This article examines an application of the contingent valuation (CV) method to Abstract measure the compensation required for the siting of a hazardous waste disposal facility. First, the risk valuation literature on the siting of a hazardous waste facility is discussed. In this section, the...