This study is the first to value the mortality risk incurred from wildlife reintroduction. We conducted choice experiments on wolf reintroduction in Hokkaido, Japan, in order to value the resulting mortality risk. This process involves three unique factors: the mortality risk is zero before the...

This article develops a valuation model to evaluate mortality probability changes under objective ambiguity, where multiple mortality probabilities are exogenously given. We construct the valuation model based on <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$\upalpha $$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi mathvariant="normal">α</mi> </math> </EquationSource> </InlineEquation>-maxmin expected utility to evaluate the reduction in...</equationsource></equationsource></inlineequation>

This article develops a nonparametric method to consistently estimate mean willingness to pay (WTP) in various discrete response valuation methods. The advantage of this method is that it can consistently estimate unconditional mean WTP with astonishing ease under some assumptions of the bid...

Purpose: This study aims to examine whether citizens of non-Muslim countries accept products with a “halal” logo. In the era of globalization, one of the most crucial issues for Muslim travelers is reliable halal foods when visiting non-Muslim countries. If people in non-Muslim countries...

This study proposes a new fishery resource recovery strategy and empirically examines its feasibility. The proposed strategy is unique because it may help fishermen recover fishery resources by closing for the first several months of the fishing season without decreasing their average annual...