Advancement of rights-based fishing is stymied by industry and congressional concern over distributional issues arising out of traditional ITQ design. This paper examines the existence and policy feasibility of two alternative initial allocations intended to leave the two principal industry...

Using an economic experiment in conjunction with a survey, we analyze whether consumers’ hypothetical willingness-to-pay responses are effective predictors of actual market behavior. We model revealed preferences as a function of socio-demographic characteristics and instrumental variables...

This study examines the effects of different combinations and qualities of selected site characteristics on the value of agricultural land in six substate regions in Washington State. The analysis follows the general hedonic regression form, but incorporates nonnegativity constraints on the...