Replaced with revised version of paper 08/31/06.

Using biodiesel fuel to reduce emissions from diesel engines is an area of increasing interest. Many environmental benefits associated with biodiesel are not traded in markets and their estimation requires economic valuation methods applied to non-market goods and services. This paper presents...

We conduct a study to examine the effects of local development pressure and other factors on the value of urban-fringe land parcels. Multiple regression spatial models were estimated using parcel- level data from Delaware County, Ohio. The empirical results provide evidence that such factors as...

This paper addresses conceptually and empirically some of the biases commonly associated with contingent valuation (CV) elicitation of willingness to pay (WTP) values for non-market goods and services. More specifically, the study focuses on testing for scope, context, and sequence effects in CV...

This article presents a procedure for estimating averting expenditures through the analyses of two data sources: (1) packaged water sales from 18 national supermarket chain stores in the Columbus, Ohio Metropolitan Area (COMA); and (2) treatment expenditures for both high and low service water...

This analysis was supported by Rivers Unlimited and chambers of commerce in communities along the Muskingum River corridor in southeastern Ohio. Hedonic pricing and travel cost/benefit transfer methods are applied to value and compare various water quality, infrastructure and land use control...

The concept of and evidence for benefit capture are explored in a benefit cost analysis of selected water quality and infrastructure improvements in the Muskingum River corridor of South Eastern Ohio. Property tax revenues and CVM bid functions are estimated and implications for benefit capture...

Valuation of environmental regulations and policy changes is usually focused on the achievement of economic efficiency or potential Pareto improvement (PPI): a proposed change or policy is accepted if those who gain from carrying out a specific project or policy could, in principle, compensate...

Oil spills and other anthropogenic environmental disasters have economic consequences that transcend losses of business revenue and property damages. Such non-market losses include those accrued by recreational users, as well as by individuals who hold passive use value for the affected...

We challenge the assumption of i.i.d random utility across alternatives embedded in typical applications of logit models to dichotomous choice contingent valuation data. Using a Gumbel mixed distribution which nests a number of traditional models, we show that the logistic distribution is not a...