Construct validity is concerned with the consistency of empirical measures with theoretical relationships. This paper reviews and extends the theoretical relationship between averting costs and willingness to pay. Measures of these two theoretical constructs with empirical averting costs savings...

While agricultural land preservation programs seek to maximize the number of acres, to preserve productive farms, to preserve contiguous farms, and to preserve threatened farms, they are often evaluated solely on the number of acres preserved. Preserved parcels in four Maryland counties were...

This study identifies adoption determinants of selected cleaner technologies used in bleached kraft pulp production, with emphasis on incentives for voluntary environmental management. A double-hurdle model consistent with the theory of irreversible investment under uncertainty outperformed a...

Diverse actions and events, ranging from agricultural development to global climate change, have the potential to affect the dynamics within distinct ecosystems. Resource management decisions require information about how people perceive ecosystem impacts and their willingness to pay to prevent...