We show that Arrow-Debreu equilibria with countably additive prices in infinite-time economy under uncertainty can be implemented by trading infinitely-lived securities in complete sequential markets under two different portfolio feasibility constraints: wealth constraint, and essentially...

Data from a stated preference survey of anglers who fished in marine waters off the Kenai Peninsula, Alaska, are used to model angler participation, angler welfare, and regional economic activity. The probability of taking a sportfishing trip is represented as a nonlinear function of predictable...

The population of the Ounein Valley in the High Atlas Mountains in Morocco is at high risk of iodine deficiency. We investigated local children's iodine deficiency and goiter patterns as well as food consumption habits through a household survey. Median urinary iodine content and goiter analysis...

We use Kriström’s simple spike model to assess the factors influencing consumers’ willingness to pay a premium for a variety of certified wood products. A survey of over 1600 Pennsylvania and Tennessee residents found that approximately 35% were willing to pay some positive “premium”...

Single equation regression models have been used rather extensively to test the effectiveness of Supplemental Instruction (SI). This approach, however, fails to account for the possibility that SI attendance and the outcome of SI attendance are jointly determined endogenous variables. Moreover,...

We examine the noncooperative provision of an impure public good by regional governments in a federation similar to the European Union, where regional governments are Stackelberg leaders and the central government is a Stackelberg follower—a federation with decentralized leadership. The center...

When Mormon settlers arrived in the Great Basin in 1847, the region was Mexican territory notable mainly for its isolation 1,000 miles to the nearest markets and its inhospitable environment. Under the direction of Brigham Young, President of the Church of Jesus Christ of Latter-day Saints, the...

Responses to a dichotomous choice contingent valuation (DCCV) of wilderness designation in Utah were used to determine if individuals who identified themselves as having no opinion or being neutral to wilderness designation in general and for two specific wilderness proposals would have...

This paper incorporates inventory dynamics into an analysis of market power. Using a model in which each firm accounts for the effect of its current action on the current and future actions of itself and its competitors, we show that measures of market power that ignore inventory dynamics are...