To value water quality improvements in the Chesapeake Bay or elsewhere, it is necessary to choose an appropriate model of consumer behavior. A number of different travel cost based recreation demand models have beenemployed to value changes in water quality or beach access. Among the possible...

Includes cover page, journal info, contents page, and editorial information

Recent modelling of the costs and benefits of climate change has renewed debate regarding assumptions for the social discount rate in analysing the impacts of environmental change. Previous literature suggests two key factors influence estimates of the social discount rate: the rate of pure time...

Cover page and table of contents for issue 41/2

Development is traced of the concepts of consumer's and producer's surplus, and the uses and limitations of these concepts for public policy analysis are examined. The applications to price stabilization and policy programs are surveyed. The use of decision theory as an alternative to...

Selection logging in the tropics is increasingly moving to systems that reduce the impact of harvesting operations on forests and soils. While much of the focus has been on modifying the tractor logging system using RIL principles, alternative harvesting systems have also been introduced. One of...