Environmental and consumer groups have called for mandatory labeling of genetically engineered (GE) food products in the United States, stating that consumers have the “right to know.†Herein, we use a nonhypothetical field experiment to examine the willingness to pay for GE-labeled...

Recent literature on greenhouse gas controls shows the costs of climate protection can be offset by the ancillary benefits generated from lower local air pollution. We show here that such ancillary benefits imply the unfettered price of carbon emissions permits observed in tradable permit...

We report the findings of a unique nation-wide experiment to price access to our public lands. In 2004, the U.S. Federal Lands Recreation Enhancement Act mandated the creation of a new annual pass to cover all federal recreation sites that charge an entrance or access fee. Our task was to assist...

The beginnings of agriculture, or the agricultural revolution, is now recognized to be the widespread adoption of known practices – a change in behavior – as opposed to a phenomenon of discovery and innovation. In this paper, we combine elements of three theories—climate change, property...