Recent data indicate that many U.S. areas still fail to meet national ambient air quality standards (NAAQS) for one or more criteria pollutants. In 1990, ninety-six U.S. metropolitan areas violated the federal ambient ozone standard, and forty-one areas violated the standard for carbon monoxide...

The substantial reductions in motor vehicle emissions that have occurred since the late 1960s have been accompanied by continuous increases in vehicle emission control costs, and cost increases or decreases due to changes in vehicle performance such as driveability, power, fuel economy, and...

This paper presents results of an empirical study of emission banking for light-duty vehicle manufacturers. An intertemporal model of manufacturers' choices is combined with econometrically estimated abatement cost functions to simulate the cost savings and emission effects of an averaging,...

We investigate the extent to which dichotomous choice referenda responses are shaped by whether the individual believes the survey itself will ultimately impact policy. Using survey data from the Iowa Lakes Project, we test this supposition. Specifically, we employ a Bayesian treatment effect...

The development of accurate non-point source pollution assessment technologies allows the implementation of more efficient policies than can be undertaken in their absence. This study estimates the value of accurate measurement technology by estimating the gains from implementing a more...

"Due to payoff uncertainties combined with risk aversion and/or real options, farmers may demand a premium in order to adopt conservation tillage practices, over and above the compensation for the expected profit losses (if any). We propose a method of directly estimating the financial...

This paper provides an empirical assessment of the magnitude of option values relative to expected surplus using a model presented by Larson and Flacco (1992). Option values and option prices are computed for both simulated data sets and actual estimates of recreation demands. Results indicate...