This paper outlines a new revealed preference method to estimate the effects of changes in land use associated with residential development on water quality and the implied ecosystem services at the watershed level. The analysis integrates data describing several types of behavior and uses...

The hedonic method is widely used to infer the value of environmental amenities that are bundled with real property. The interpretation of hedonic prices as marginal values requires that households are "fully informed."Yet, there is evidence that buyers are often less informed than sellers. A...

This study examines how the value of residential land and structures evolved during the great housing boom and bust, using data on more than a million residential properties that were sold in 10 metropolitan areas between 1998 and 2009. We use a hedonic estimator to disentangle the market value...

This paper examines and compares objective, scientific measures of environmental quality with subjective measures of individuals’ perceptions obtained from survey information within the context of hedonic property value models. The specific application is to water clarity of freshwater lakes...

The multiple-bounded uncertainty choice (MBUC) value elicitation method allows respondents to indicate qualitative levels of uncertainty, as opposed to a simple yes or no, across a range of prices. We argue that MBUC responses convey subjective probabilities. We examine the decision process of...

This paper uses GIS data to develop variables representing the physical extent and visibility of surrounding land use/cover features in a hedonic model of a rural/suburban residential housing market. Three equations are estimated to determine if views affect property prices and, further, if...

Multiple-bounded, contingent-valuation questions have been proposed as an alternative to single-bounded and double-bounded questions. While the effects of bid design on multiple- bounded responses have not been explored, findings of experimental effects in single- and double-bounded questions...

This paper presents empirical evidence of mode effects in contingent valuation surveys. We conducted an on-site, split-sample contingent valuation survey of visitors to Fort Sumter National Monument, South Carolina. All respondents were told that the survey was being conducted on behalf of the...

A hybrid stated-preference model is presented that combines the referendum contingent valuation response format with an experimentally designed set of attributes. A sequence of valuation questions is asked to a random sample in a mailout mail-back format. Econometric analysis shows greater...

We construct a fishery model which simulates: (a) stochastic population fluctuations and (b) harvest shifts between commercial and sport user groups. This model then assesses, for both commercial and sport harvesters, the bioeconomic impact of an ongoing rehabilitation plan for the yellow perch...