A new approach is under way for the research agenda of environmental valuation. Rather than treating stated preference (SP) and revealed preference (RP) as competing valuation techniques, analysts have started to view them as complementary, where the strengths of each approach can be used to...

To better understand the magnitude of the effects of livestock feeding operations on residential property values, we constructed a new dataset that merges data on home sales with data on the location and size of livestock feeding operations in five rural counties of Iowa. We estimated a hedonic...

The task of modeling the recreation demand for geographically large sites, such as rivers and beaches or large parks with multiple entrances, is often challenged by incomplete information regarding the access point used by the individual. Traditionally, analysts have relied upon convenient...

The Kuhn-Tucker model provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. This paper provides an application of the Kuhn-Tucker model to the problem of recreation demand and site selection,...

The focal point of the revealed preference (RP) valuation literature, including recreation demand and random utility maximization (RUM) models, has been on eliciting the "use" value associated with environmental amenities, i.e., that portion of value associated with direct use of a resource....

This paper discusses the rose of information structure (i.e., information cost, reliability, and distribution among agents) in the design of a regulatory mechanism for controlling non-point source pollution. An ambient concentration tax mechanism is examined for non-point source pollution with...

Bonds have recently been promoted as an alternative tool for controlling environmental damages, particularly in those instances when the innovative activities of a firm have uncertain future impacts [Costanza and Perrings (1990)]. Under this mechanism, a firm would post a bond ex ante,...

This paper incorporates a rich set of physical water quality attributes, as well as site and household characteristics, into a model of recreational lake usage in Iowa. Our analysis shows individuals are responsive to physical water quality measures. Willingness-to-pay estimates are reported...

This report presents summary statistics and other results of a survey of Clear Lake visitors and residents. Drawing on survey results, the authors present information on recreational usage of the lake, attitudes of recreators and local residents toward possible watershed management changes, and...

Understanding how Iowans view the benefits and costs of wetlands preservation is key to making decisions about the future of wetlands in Iowa. To that end, the authors created "The Iowa Wetlands Survey." How the survey was designed and administered is described and the results are summarized....