A multinomial selection model of averting behavior in response to water contamination risks is estimatedfor Georgia residents. Measures of non-health related water quality (taste, odor, and appearance) are incorporated into the model to account for joint production of utility and health. The...

Monte Carlo experiments were conducted to compare regression parameter and willingness-to-pay (WTP) estimates using the contingent valuation method's referendum and payment-card questioning formats. Strategic bias was controlled by making responses consistent with the true WTP. Two WTP models...

We experimentally investigate the distribution of children's time preferences along gender and racial lines. We find that boys are more impatient than girls and black children are more impatient than white children. Black boys have the highest discount rates of all groups. Most importantly, we...