Omitted, misspecified, or mismeasured spatially varying characteristics are a cause for concern in hedonic house price models. Spatial econometrics or spatial fixed effects have become popular ways of addressing these concerns. We discuss the limitations of standard spatial approaches to hedonic...

This paper reevaluates the effectiveness of the EPA’s voluntary 33/50 program in reducing the releases of 17 high-priority toxic chemicals for the 1988–1995 period. Contrary to previous studies that use program participation information at the firm level and find mixed evidence on the...

This study examined the relationship between agency staff preferences for salinity policies and perceptions of farmer cost, farmer resistance, effectiveness in salinity reduction, fairness, and administrative costs. A mail survey was conducted in Western Australia and structural equation...

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...

Alternative funding approaches affect stated preferences. An individual’s willingness to reallocate existing tax dollars exceeds willingness to pay new taxes to conserve land. However, stated preferences also imply a non-zero opportunity cost to existing tax dollars; different income groups...

This study investigates whether public and expert preferences diverge in a valuation of two marine reserves in Western Australia. Identical choice experiments are applied to a sample of marine scientists and the Western Australian community. Evidence of both divergence and convergence between...

Decentralization experiments are currently underway in the Chinese forestry sector. However, researchers and policy makers tend to ignore a key question: what do forest farmers really want from reform? This paper addresses this question using a survey-based choice experiment to investigate...

A contingent valuation study conducted in China, Sweden, and the United States was used to investigate citizens’ willingness to pay (WTP) for reducing CO2 emissions. We find that a majority of the respondents in all three countries believe that the mean global temperature has increased over...

Nonmarket valuation is commonly applied to infer the preferences of individuals for restoration policies after an environmental disaster. A crucial issue in this task is to determine the appropriate lapse of time after which the valuation techniques should be applied. This study investigates the...

This paper examines whether a severe flood causes homeowners to update their assessment of flood risk as seen in a change in the price of floodplain property. I use data on all single-family, residential property sales in St. Louis County, Missouri, between 1979 and 2006 in a repeat-sales model...