Security of property rights, or tenure, is central to the economics of development and is recognized as important for the adoption and implementation of sustainable forest management. Despite the potential importance of tenure security, this paper shows that there is a great deal of variation in...

A few recent studies report that preferences elicited from a two-alternative choice format are different from those elicited from a three-alternative choice format, when both choice set designs contain a status quo option. We hypothesize that the choice format effect might disappear when we...

"Willingness to pay" (WTP) and "willingness to accept" (WTA) measures of welfare change have been found to differ substantially when elicited from surveys or experimental market transactions. Conventional economic theory suggests that the difference between WTP and WTA should be smaller than...

Psychological insights have made inroads within most areas of study in economics. One area where less advance has occurred is environmental and resource economics. In this study, we examine preference reversals over evaluation modes, in which economic values critically depend on whether a good...