This paper examines various methods proposed in the literature to calibrate welfare measures, especially willingness to accept and willingness to pay, derived from contingent valuation surveys. Through simulation and a case study, we hope to provide guidance for empirical welfare measurement in...

New policy is being developed that incorporates not only innovative means of disposal, including the integration of source reduction and recycling, but also innovative approaches to funding disposal of municipal solid waste (MSW). This study was conducted to determine if a higher marginal price...

We examine the impact of multiple risks of related goods on consumption of a risky good. We argue that the consumption of a risky good depends on both its absolute risk level and its relative risks to other risky goods. Seafood consumption in eastern North Carolina is studied. We elicit, in a...

The performance of quasi-experimental methods applied to changes in non-market goods depends on the ability of reduced form models to accurately measure willingness to pay. When exogenous changes are non-marginal, the accuracy of the reduced form approximations is not well understood. Further...

Comparisons of alternative pollution control instruments over the past thirty years show quite disparate results for seemingly comparable situations. This research demonstrates how the magnitude of the estimated cost savings associated with incentive-based instruments is influenced by two...

There is a growing recognition in both the professional and popular literatures that water scarcity is a key policy issue that is especially important in arid, urban settings with the prospects for shortfalls in water availability due to the effects of climate change. Those evaluating these...