In this paper we summarize the theoretical arguments of Carson and Groves, et al., and assemble early empirical evidence that comports with this theoretical framework. In doing so, we argue that redefining criterion validity in terms of consequentiality offers the potential for a fundamental...

The mandatory nature of generic advertising funding remains a contentious issue. Theoretically and in laboratory environments, a provision point mechanism with a money-back guarantee offers an attractive voluntary alternative to the standard voluntary contribution mechanisms, yet in practice,...

We use the non-tidal Passaic River Watershed as a case study to investigate the size of potential cost savings associated with allowing phosphorus emissions trading amongst Waste Water Treatment Plants (WWTP) to achieve a significant reduction in ambient phosphorus levels. To measure the cost...

The regulation of nonpoint source water pollution from agriculture is a complex problem characterized by a multiplicity of polluters, informational asymmetries, complex fate and transport processes, and stochastic environmental factors. Taken together, these characteristics make regulatory...

This paper documents the construction of consistent social accounts that cover the period from 1978 to 2001 for the U.S. economy at a two-digit level of aggregation. There are four primary data sources for the construction of the accounts. First, the Bureau of Economic Analysis (BEA) publishes a...

Applied partial and general equilibrium models used to examine trade policy are almost universally sensitive to trade elasticities. Indeed, the Armington elasticity, the degree of substitution between domestic and imported goods, is a key behavioral parameter that drives the quantitative, and...