Amenities influence individual location decisions and affect overall social well being. This comparative study focuses on the potential complementarity of implicit and contingent market approaches to valuing amenities. Lakeshore residents in Chicago were surveyed to collect data to estimate...

Government funding of the arts has received considerable attention in the United States in recent years. Efforts to cut funding to the National Endowment for the Arts and declining budgets for state arts agencies have raised questions about how much individuals value the arts. This paper applies...

In this note we conduct construct validity tests for dichotomous choice (DC) and polychotomous choice (PC) contingent valuation questions. Contrary to previous results, we find that DC and PC estimates of willingness to pay are theoretically valid, convergent valid, and similar in terms of...

Measurements of individual benefits of different health and medical interventions are fundamental for prioritizing among different alternative uses of resources in the healthcare sector. While psychometric measures do not necessarily provide information sufficient for assigning relative values...

Public and private planners concerned with economic growth and development are increasingly marketing intangible characteristics. This paper investigates the notion that amenities influence manufacturers' location choices in urban areas. If amenities affect wages, land values and other costs,...