Microbial pathogens and pesticide residues in food pose a financial burden to society which can be reduced by incurring costs to reduce these food safety risks. We explore three valuation techniques that place a monetary value on food safety risk reductions, and we present a case study for each:...

The positive and negative externalities from farmland are increasingly a focus of public policy discussion about agriculture and land use. A GIS-based hedonic pricing model shows that agricultural open space increases nearby residential property values, but larger-scale animal operations and...

A hedonic pricing analysis in Berks County, Pennsylvania showed that houses located near open space had higher prices, but that the type of open space matters. At the same time, proximity to potential disamenities, including landfills, large animal production facilities, mushroom production...

Browsing by large ungulate wildlife species damages valuable trees, but increases the productivity of the wildlife stock. The optimal management of trees and wildlife involves a tradeoff between these two impacts, as well as correct timing of tree harvests from each forest stand. For a model of...

If a cumulative density function estimated from dichotomous choice data has an unrealistically fat right-hand tail, mean willingness to pay (WTP) will be overestimated. Truncating the range of integration results in a lower-bound estimate of the true mean WTP. A normalization procedure proposed...