The owner of a residential property subject to a nonrecourse mortgage essentially has a put option against the market value of the property. If the market price of the property falls sufficiently, the owner can surrender the property to the mortgage issuer and in exchange receive full offset of...

A question frequently posed in Russia amid the economic and social anarchy of the post socialist period is whether it might not be better off if it followed the Chinese model of transition. This latter might be described in broad terms as a very slow liberalisation of the political system with a...

This paper considers the use of a “combinatorial optimization” technique in the aggregation of environmental benefit values. Combinatorial optimization is used to statistically match population census data to a Contingent Valuation survey. The matched survey and census information is then...

Contingent valuation has been used extensively in estimating the value of environmental goods. One criticism of this approach, however, is that respondents in referendum-style contingent valuation surveys may express citizen assessments that take into account benefits to others rather than...

This paper measures willingness to pay (WTP) for public access and trail improvements to a coastal recreational site in the west of Ireland. The Contingent Behaviour model is used to measure the increased number of trips associated with improved public access using recreational trails along a...

This paper reports on the socio-economic outcome of a study of innovative, integrated, agricultural management practices in a catchment near Kelang village in Yunnan Province in south-west China. The focus of these practices, which included biological and engineering measures, was enhanced...

Multi-attribute revealed preference data is used to investigate the heterogeneity of tastes in a sample of kayakers, in relation to eleven whitewater sites in Ireland. The paper focuses on a comparison of the analysis of preference heterogeneity using a random parameter logit model and a latent...

In this paper, we compare many of the widely available estimated global benefits of abatement with the costs to Irish agriculture, as estimated by the CAPRI model. We apply the model to Ireland only, in a simple comparative static simulation, and assume fixed prices. We focus more on methane...

We adapt the standard random utility model to take account of the heterogeneity of recreational preferences by using what we call a “clustered conditional logit framework”. By separating out our sample of whitewater kayakers into two exogenously identifiable groups (based on their skill...

This paper?s contribution to the understanding of outdoor recreational pursuits in Ireland comes from the estimation of the first whitewater kayaking demand function. This paper is also unique in that it combines data collected from two different sources; the internet and an on-site survey, thus...