Existence values are playing an increasingly important role in wildlife preservation decisions, but little is known about how these values behave over time, and value estimates may often be misinterpreted. Panel study results suggest that although existence values may be relatively stable, many...

Two research programs are brought together to contribute to the growing body of work on alternatives to standard welfare-based approaches to environmental valuation and policy. The first is the theoretical literature undermining the "new welfare ...

The demand for electricity in the residential sector is estimated to have become less elastic for the recent period of rising real prices as compared to earlier periods of stable or falling real price. Several possible reasons for this are investigated and we conclude that demand appears to be...