This paper evaluates the importance of site-specific environmental amenities as a source of product differentiating market power. Using estimates from hedonic price equations and residual demand models, the analysis recovers firm-specific estimates of price markup and estimates of the marginal...

A proposed plan to preserve beach and beach access along the Cape Hatteras National Seashore through beach re-nourishment offers the opportunity to apply contingent valuation techniques to explore the implications of three sources of preference heterogeneity for measures of people's willingness...

This paper evaluates the importance of site-specific environmental amenities as a source of product differentiating market power. Using estimates from hedonic price equations and residual demand models, the analysis recovers firm-specific estimates of price markup and estimates of the marginal...

This paper considers two tests proposed to judge the internal consistency of contingent valuation estimates. Both tests are quite sensitive to the maintained hypotheses required to derive fairly precise expectations for the properties of WTP functions. This result suggests a different approach...