An individual’s rate-of-time-preference is an important consideration for individuals deciding whether to support a public good, since the benefits of a public good often come in the future. Our study finds individual discount rates from a contingent valuation method (CVM) question where the...

The benefits of large patches of tree canopy are estimated by applying a hedonic price model to the sale of single-family residential properties in Portland, Oregon. The first-stage analysis provides evidence of diminishing returns from increasing tree canopy past a certain level. The...

We estimate the values of fishing opportunities and changes in harvest rates for single-day private boat saltwater fishing for king and silver salmon in southeast Alaska, using a repeated mixed logit model of trip frequency and distribution estimated jointly with anglers’ shadow values of...

A model of joint recreation quantity choices is developed. Individuals choose both total time spent at distant sites and the number of trips taken, implicitly choosing average on-site time. The model permits nonzero marginal utility of travel, makes on-site time endogenous, and is linear in the...

The prevailing consensus that existence value can only be measured by contingent valuation is questioned. The concern is over "pure" existence value, a change in welfare when a public good changes that leaves no trace in behavior. Pure existence value may well be more a consequence of the simple...