Agri-environmental subsidy payments have in part been designed to compensate farmers for employing environmentally friendly farming techniques that provide multiple ecosystem services to the public. These public good benefits have also been well recognized in the context of a growing rural...

The Burren landscape which stands out as one of the most magnificent managed landscapes in all of Europe has recently come under threat due to a shift in farm management practices. As a result of evolving market trends and social structures, traditional farming methods are being replaced by more...

This study tests the hypothesis that hypothetical bias may not be related to value elicitation; rather it may be a value formation problem. When participants are asked to indicate their willingness to pay for an induced value good, we find no evidence of hypothetical bias for three different...

Stated preference techniques have been used to place values on public goods by directly asking individuals to provide their personal values and opinions. This method has consistently resulted in the emergence of hypothetical bias. Several insights from the psychology literature suggest that...