Environmental economists have traditionally addressed the issue of choice under uncertainty by applying the expected utility hypothesis. When policymakers face a panel of experts with widely divergent beliefs, the problem may more accurately be described as a case of choice under pure...

Despite two decades of debate, there remains little consensus about what sustainability is, and how it should be achieved. Economists primarily portray sustainability as a macro-level concern, but there has been less attention on the implications of this social objective for policies related to...

This paper combines fishing trip decisions - made before observing trip outcomes - with responses to set of double-bounded dichotomous choice CV questions regarding the outcome of the trip, to explore cognitive elements of choice and their implications for decision modeling and welfare analysis....

Both economic theory and psychological research indicate that benefit functions for reductions in health risk exposures may be conditional on current exposures. Using nitrates found in household wells, it is demonstrated that perceptions of health risks across exposure levels are affected by the...

Donation payment mechanisms are well suited forsome contingent valuation studies. In aneffort to better understand the discrepancythat has been consistently found between actualand hypothetical donations, we investigate anapproach to estimating actual willingness todonate using contingent...

Pig movements are likely to play a signficant role in the spread of important infectious diseases such as the African Swine Fever. Characterization of movement networks from farm-to-farm and through other types of farm or household operations can provide useful information on the role that...

An integrated bioeconomic model is built based on an individual-based simulation model and a stock assessment model for the Chesapeake Bay blue crab fishery. The resulting model is able to not only compare alternative management scenarios being considered by policy makers in terms of both...

The 1990 amendments to the Clean Air Act created a trading program in sulfur dioxide (SO2) emissions that has served as the seminal example of how an emissions trading program could be designed. Yet despite its success, the trading program was essentially brought to an end by a series of...