The implicit price (hedonic) equation for the housing market in a coastal town in southern Rhode Island was estimated using a conditional Box-Cox maximum likelihood procedure. Linear, log-linear, and semi-log functional forms were rejected with 95% confidence. Estimates of marginal implicit...

It has been argued that the land-use restrictions prescribed by the Endangered Species Act have failed to protect endangered species on private land. Hence, there has been a call for using incentives to complement this regulatory approach. This paper ...

The paper examines people's preferences for changes in selected ecosystem services resulting from new management strategies of forest areas in Poland. This study applies a generalized multinomial logit model to interpret the results of a discrete choice experiment administered to a...