Flood of 1997 affected a large number of residents in the Red River Basin. Life disruption, economic damage, lengthy recovery process, physical and emotional trauma motivated a number of main initiatives to improve the level of preparedness in case of future floods. This review will focus on the...

Contingent valuation (CV) has become one of the most widely usednon-market valuation techniques. CV's prominence is due to itsflexibility and ability to estimate total value, includingpassive use value. Its use and the inclusion of passive use valuein benefit-cost analyses and environmental...

We describe recent progress in several areas related to endogeneity, including: choice set formation and attention to attributes; interactions among decision-makers; respondents' strategic behavior in answering stated preference choices; models of multiple discrete/continuous choice; distributions...