Under the Taxpayer Relief Act of 1997, most farmers will pay less Federal income tax, and farm families will find it easier to transfer the family farm across generations. The new law--the tax portion of 1997 legislation to balance the Federal budget by 2002--emerges from years of debate on...

Income inequality reflects resource allocations, and has important implications for public policy and institutional design. This paper investigates the factorsdetermining inequality. This is especially relevant in Chile where income distribution has not improved in the past decades. We...

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Replaced with revised version of paper Jan. 11, 2012

A number of studies valuing recreation have shown that the travel cost method (TCM) generates higher estimates of value than the contingent valuation method (CVM), even though the latter is commonly associated with potential problems of hypothetical and strategic bias. In this study, both...

An economic study on willingness to pay by general recreationists’ who visited Basavana Betta State Forest, Karnataka, India, for water recreation revealed that average WTP for conservation of the forest ecosystem, based on the double bounded dichotomous contingent valuation method, was Rs....

This paper investigates the effects of network based individual social capital on the access of rural households to services. In the context of development economics, an innovative data collection approach is used to determine network based social capital. The approach originates from the field...

The overarching goal of nutrition labeling is to transform credence attributes into searchable cues, which would enable consumers to make appropriate choices at lower search costs. However, despite an abundance of food labeling information, asymmetries regarding appropriate healthy food choices...

Utilizing social norms is gaining momentum as a cost-eective mechanism to pro- mote sustainable behavior. We analyze household water data from multiple pilot programs for a company that provides information campaigns containing social comparisons of water use and per- sonalized conservation...