This paper examines various methods proposed in the literature to calibrate welfare measures, especially willingness to accept and willingness to pay, derived from contingent valuation surveys. Through simulation and a case study, we hope to provide guidance for empirical welfare measurement in...

Policy makers often face the problem of evaluating how water quality affects a region's economic well-being. Using water clarity as a measure of the degree of eutrophication levels (as a lake becomes inundated with nutrients, water clarity decreases markedly), analysis is performed on sales data...

Despite the generally recognized need for facilities such as power plants, landfills, prisons, and medical laboratories, finding host sites has become extremely difficult. This study uses the expected utility (EU) model to explain individiuals' preferences in the hypothetical case of siting a...

This study examines the efforts of Mercer County, North Dakota to deal with the impacts of several large-scale facilities constructed and under construction near Beulah, the county's largest city. The county has, thus far, adjusted well. The lessons of Mercer County may, therefore, be useful in...

Protest bids are often excluded during analysis of contingent valuation method data. It is suggested that this procedure might introduce significant bias. Protest bids are often registered by respondents who may actually place a higher- or lower-than-average value on the commodity in question...

Many municipalities across the United States have turned to unit based pricing—also known as pay as you throw (PAYT)—as a vehicle for reducing municipal solid waste generation, increasing recycling, and promoting equity in paying for the service. In this paper, we reevaluate the standard...