A hedonic pricing analysis in Berks County, Pennsylvania showed that houses located near open space had higher prices, but that the type of open space matters. At the same time, proximity to potential disamenities, including landfills, large animal production facilities, mushroom production...

Browsing by large ungulate wildlife species damages valuable trees, but increases the productivity of the wildlife stock. The optimal management of trees and wildlife involves a tradeoff between these two impacts, as well as correct timing of tree harvests from each forest stand. For a model of...

The positive and negative externalities from farmland are increasingly a focus of public policy discussion about agriculture and land use. A GIS-based hedonic pricing model shows that agricultural open space increases nearby residential property values, but larger-scale animal operations and...

Self-protection by well owners from potential nitrate contamination is modeled as an optimal stopping problem, where an owner sequentially tests the well and uses the test results to update his or her subjective probability that the well is contaminated. Because nitrate concentrations in a well...

All available hedonic pricing estimates of the impact of landfills on nearby property values are assembled, including original estimates for three landfills in Pennsylvania. A meta-analysis shows landfills that accept high volumes of waste (500 tons per day or more) decrease adjacent residential...

This study explores heterogeneity in individual willingness to pay (WTP) for a public good using several different variants of the multinomial logit (MNL) model for stated choice data. These include a simple MNL model with interaction terms between respondent characteristics and attribute...

What value do we place on our cultural heritage, and to what extent should we preserve historic and culturally important sites and artefacts from the ravages of weather, pollution, development and use by the general public? This innovative book attempts to answer these important questions by...

What value do we place on our cultural heritage, and to what extent should we preserve historic and culturally important sites and artefacts from the ravages of weather, pollution, development and use by the general public? This innovative book attempts to answer these important questions by...