This article addresses the important issue of anchoring in contingent valuation surveys that use the double-bounded elicitation format. Anchoring occurs when responses to the follow-up dichotomous choice valuation question are influenced by the bid presented in the initial dichotomous choice...

This thesis deals with valuation of nonmarket goods using contingent valuation and consists of four papers and an introduction to the research area. Paper [I] examines the public benefits from preserving old-growth forest in the submountainous region in Sweden. Specifically, it analyzes a...

Public economics proposed various models that intend to determine the optimal provision of public goods based on individual preferences. To provide decision makers with empirical recommendations, economists thus need to elicit individual preferences, and more precisely the marginal rate of...

As Africa’s major oil exporter and factor driven stage country, Nigeria has made some progress in socioeconomic terms in recent years. However, large pockets of Nigeria’s population still live in poverty without adequate access to basic services. Currently, Nigeria is capturing just as small...

Allocating property rights on an open access resource which has been freely exploited in the past is often very problematic. Involved agents typically rely on one of two competing principles to determine future allocation. The first priority principle, "first in time, first in rights" favors the...

Since the mid 1900’s, economist have come to recognize the role of innovative activity in firms productivity growth, particularly in the competitive market economies. However, the most conducive market environment for innovative activity has also become a subject of interest. Thus, a major...

Water pollution is a chronic crisis in Sudan that is rarely researched. However, it is combined with scarcity, disputes and uncertainty. In The current paper we introduce its concepts with emphasis on the growing problems of pollution combined with scarcity. A Case study of the growing problem...

This paper aims to identify climate change adaptation issues in the Australian National Electricity Market (NEM) by assessing the robustness of the institutional arrangements that support effective adaptation from the demand side. This paper finds that three major factors are hindering or are...

This paper aims to identify climate change adaptation issues in the Australian National Electricity Market by assessing the robustness of the institutional arrangements that support effective adaptation. The paper finds that three major factors are hindering or are required for adaptation to...

Agricultural ecosystems of different types and their specific “agro-ecosystem” services are among the most widespread in the world. However, in Bulgaria the state of practical progression of the studies of agricultural services in mostly at the methodological level and very limited to...