This paper explores Heiner's hypothesis concerning a gap between the cognitive ability of decision makers and the difficulty of decisions (the C-D gap). We discuss the implications of decision heuristics for coefficient estimates when uncertainty is faced by decision makers, where the level of...

Using a new model formulation and data from a sample of Colorado utilities, we investigated the price specification controversy (marginal price versus average revenue) when estimating residential water demand. The improved statistical fit using average ...

Policymakers anticipate strong local opposition to undesirable land-uses, such as large-scale landfills, and therefore seek new methods for selecting sites. This paper develops an approach that integrates the technical, economic, and political concerns relevant to siting decisions, beginning...

Selection effects include seemingly independent influences on, and choices in, conducting and reporting primary research that may bias a stock of knowledge. Such effects may arise from sociopolitical influences (research priority selection), researcher choices (methodology selection), peer...

This paper examines whether and how survey respondents react to spatial factors in stated preference surveys, and the ways in which preferences for spatial factors may influence welfare estimation. Alternative proposals to develop rural lands for residential purposes in southern New England were...

This paper addresses uncertain biomass shifts in renewable resources. A biomass shift occurs when a dominant renewable resource stock collapses and its ecosystem niche is filled by a replacement species which increases in abundance after the initial collapse. This paper develops a bioeconomic...

This paper explores potential focus shift asymmetries in an ordered strength of preference model applied to contingent choice data. A focus shift occurs when respondents weight factors differently when assessing preference for an "accepted" scenario than they do when assessing preference for a...

Land value taxation has numerous potential advantages compared to conventional property taxes on capital and land. The models that establish these advantages, however, are grounded in the unlikely assumption that land values are assessed without error. This paper demonstrates that levying taxes...

In stated preference valuation of farmland preservation, respondents are often told that preservation will occur within various jurisdictional scales—that is, community or state—but are not told the specific location of parcels. The resultant availability of welfare estimates for different...