This essay develops a new method to diagnose inconsistency in dichotomous choice contingent valuation with follow-up questions: in particular, downward bias in the mean WTP. It is shown that the previous methods aimed to explain this inconsistency in responses have ignored statistical...

The primary objective of this paper is to estimate the influence of Lake Erie water quality on the housing price by taking spatial effects into account. The robust LM tests for spatial autocorrelation suggested that spatial error model specification is more likely model in our study. Fecal...

This study investigates the economic valuation of air-pollution-related health risks in China by applying the contingent valuation method. An individual interview survey is conducted to elicit resident's willingness-to-pay (WTP) for health risk reductions of asthma and mortality. Binary choice...