We propose and validate a simple way to augment the standard Becker-DeGroot-Marschak method that researchers use to elicit willingness to pay (WTP) for a good. The augmentation is to measure WTP for another good ("benchmark good"), one unrelated to both the good the researcher is interested in...

Addressing the question of why the Industrial Revolution occurred first in England, Rick Szostak demonstrates the crucial role played by the development of a nation-wide network of land and water transport. He rejects revisionist arguments that downplay the significance of transportation to the...