This paper reevaluates federal allocation decisions to protect 241 endangered vertebrates between 1993 - 1996. We control for the time invariant species characteristics to address species heterogeneity bias. The results suggest that yearly variation in variables like endangerment rankings and...

Environmental groups have be- food products other than those that norcome the chief antagonists toward agricultural bio- mally carry allergens (See Friends of the technology innovations. They demonstrate and dis- Earth 2001; Greenpeace International 2001). seminate private information with the...

Self-protection has been used to help define lower bounds on the value of statistical life (VSL). We show circumstances exist in which (1) the lower bounds are so low as to be more misleading than informative; and (2) the bound is an upper bound on the population’s average VSL. The relationship...

Recent literature on greenhouse gas controls shows the costs of climate protection can be offset by the ancillary benefits generated from lower local air pollution. We show here that such ancillary benefits imply the unfettered price of carbon emissions permits observed in tradable permit...

This paper investigates the idea that people are unsure about the value they place on prospective changes in environmental goods. In particular, we focus on a parametric explanation of the determinants of a "value gap," the difference between the most someone is sure they would pay for an...