To assess the relative importance of current costs and future benefits of nuclear waste storage, we develop a simple model of bequest value. The basic model of nonparternalistic altruism is extended to account for the uncertain nature of the externality. ...

The opportunity cost of time is usually a significant part of the price variable in the travel cost demand model. Thus, its accurate measurement is important to the estimation of demand and benefit valuation for nonmarket resources. This paper empirically tests models which assume that income is...

Fiscal equivalence for efficient provision of a public good requires perfect correspondence between political and economic jurisdictions. However, the spatial extent of the economic jurisdiction is an empirical question. Drawing on four survey-based ...