This paper contributes to the widespread discussion of the sources of the divergence between WTA and WTP values. The paper reports on theoretical and empirical investigations which show that value and outcome uncertainty offer an explanation for this disparity. Given a set of hypotheses...

Increasing private wildfire risk mitigation is an important part of the larger forest restoration policy challenge. Data from an economic experiment are used to evaluate the effectiveness of providing fuel treatments on public land adjacent to private land to induce private wildfire risk...

High tax compliance will reduce rather than facilitate the growth of government spending. There are several reasons for this. First, tax evasion reduces the effective price of public programs thus increasing the quantity demanded. Second, tax evasion is not uniform across income classes and the...