We present a structural model and employ discrete time survival analysis to examine the impact of weather conditions on firms' exit decisions within the New England ski industry. Our results suggest that weather conditions can have significant direct and indirect effects on the closure of ski...

This paper examines various methods proposed in the literature to calibrate welfare measures, especially willingness to accept and willingness to pay, derived from contingent valuation surveys. Through simulation and a case study, we hope to provide guidance for empirical welfare measurement in...

Policy makers often face the problem of evaluating how water quality affects a region's economic well-being. Using water clarity as a measure of the degree of eutrophication levels (as a lake becomes inundated with nutrients, water clarity decreases markedly), analysis is performed on sales data...

The hedonic price models are commonly used to empirically assess the degree to which property taxes are shifted from property owners to property renters. The findings of these studies vary sporadically in terms of the degree of tax shifting. The competitiveness of housing markets may...

Many municipalities across the United States have turned to unit based pricing—also known as pay as you throw (PAYT)—as a vehicle for reducing municipal solid waste generation, increasing recycling, and promoting equity in paying for the service. In this paper, we reevaluate the standard...