Unlike most hedonic studies that analyze the effects of a one-time event, this paper analyzes the effects of forest fires that are several years apart in a small geographical area. We find that repeated forest fires cause house prices to decrease for houses located near the fires. We test and...

Carbon sequestration — the process of moderating global climate change by removing carbon dioxide from the atmosphere and storing it in long-term mineral, organic, and oceanic reservoirs — is an important ecosystem service provided by protected natural areas. One type of carbon sequestration...

This paper presents a simple computational method for measuring the difference of independent empirical distributions estimated by bootstrapping or other resampling approaches. Using data from a field test of external scope in contingent valuation, this complete combinatorial method is compared...