Using a data set of Wake County, North Carolina, property sales for the period 1992-2000, this study provides evidence as to the acceptability of spatial aggregation in hedonic property value models. Both statistical tests and tests based upon prediction errors are performed in order to identify...

The purpose of this dissertation is to investigate dual approaches to corner solutions that are both tractable and flexible in recreation demand. Two structural models are estimated using data from the Iowa wetlands survey in the incomplete demand system context. This dissertation expands...

Non-market valuation techniques are vital instruments of policy. Providing quantitative welfare estimates validates public policy decisions. This research independently addresses three aspects of nonmarket valuation. Hedonic valuation of industrial accidents, limitations in recreational demand...