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 time...

Public open spaces around and within urban areas have been increasingly developed due to greater population pressures. My paper investigates if land around public open spaces is likely to get developed faster since households are attracted to the recreation value as well as the environmental...

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...

We model water use, aquifer recharge and producer returns over 30 years in three watersheds to determine impact of modified water cost and construction of reservoirs. To maintain groundwater resources, raising cost of pumped water by a buffer value to the aquifer resource and using surface...

We evaluate how land use change and the value ecosystem services affect the decision to invest in public land acquisitions. Our application is for the state of Minnesota, and we consider the acquisitions by Department of Natural Resources over the last two decades. We calculate a return on...

The gain from dividing parks into smaller pieces to reduce travel costs is weighed against the loss in services the parks provide since they are smaller. The optimal number of parks is dependent on whether travel costs are concentrated in parts of the town.