This study discusses the actual time-series pattern in commercial and office land prices during a bubble period, from the late 80’s to early 90’s, in Tokyo Central Business District. A varying parameter approach, which allows the implicit prices in relation to the attributes to vary...

The present study estimates the benefit of Japanese Government antiglobal-warming policies using a contingent valuation (CV) method. The study focuses on the range of variability in answers due to changes in CV question conditions and assesses the usability of benefit estimation based on CV....

Contingent valuation (CV) is a social survey method for the economic evaluation of policy. In CV, uncertainty in policy outcomes is thought to disturb the rational choices of respondents and cause the problem of anchoring. Knowledge of the factors affecting the magnitude of anchoring effects is...