A second-price Vickrey-style auction is used to determine the willingness to pay (WTP) for credence attributes found in "cause" coffees. WTP estimates were then compared with actual market price information. The results indicate positive average bids for the cause coffees. However, premiums were...

Replaced with revised version of paper 07/28/05.

Myers and Thompson (1989) noted that the model specification could have a large impact on the hedge ratio estimated. A huge literature exists on estimating hedge ratios, but the literature is lacking a formal treatment of model specification uncertainty. This research accomplishes that task by...

The spatial arrangement of public open spaces in communities has an important influence on the recreational net benefits from those public open spaces. A prime example of a public open space in communities where spatial arrangement is important is parks. From the perspective of maximizing the...

This study examines the extent to which farming practices have adjusted to the presence of urbanization in Canada. In particular, we compare the adoption rates for environmental management systems (EMSs) by farmers close to urbanized areas versus those in more rural, isolated regions. Using...

This paper finds Taiwanese consumers' willingness to pay a premium on the non-GM food differs from their willingness to accept a discount on the GM food. It further finds that the non-GM choosers are more committed to the non-GM food than the GM choosers to the GM food.

The purpose of this paper is to study the empirical strength of the bi-directional linkages between environmental standards and performance, on the one hand, and environmental innovation, on the other and, hence, the role of policy in spurring environmental R&D and, in turn, ultimate...

Numerous studies have addressed the question of the econometric specification of the Environmental Kuznets Curve (EKC). This paper adds preliminary results on nonstationarity and its effect on functional form using a panel data set for the U.S. by state from 1929 to 1994. It is found that...

US cattle producers often claim that cattle prices are below competitive levels. In this paper, short-run and long-run oligopsony conduct is estimated by utilizing an oligopsony dynamic model. Results of time-series analysis indicate that the hypothesis of competitive conduct in the short-run...