We contribute to the literature on new product valuation by presenting a model of new product introduction based on the distance metric (DM) approach of <xref ref-type="bibr" rid="R32">Pinkse, Slade, and Brett (2002)</xref>. Models based on the DM approach are capable of dealing with highly differentiated food categories that are...

Environmental policy decisions are dynamic in nature. Assumptions on the functional structure and rate of discounting have significant impacts on policy decisions regarding when to act and how much to invest. Environmental benefit-cost analysis historically has employed exponential discounting...