The Handbook on Contingent Valuation is unique in that it focuses on contingent valuation as a method for evaluating environmental change. It examines econometric issues, conceptual underpinnings, implementation issues as well as alternatives to contingent valuation. Anna Alberini and James Kahn...

We present a model that extends the replacement cost theory to cases where benefits are restored for multiple years. Our theoretical framework derives a functional relationship between investments expenditures and environmental benefits. By extending the investment framework, we model reservoir...

Knowledge of the benefits and costs to water users is required for a complete assessment of policies to create incentives for water quality improving changes in agricultural production. A number of benefit estimation methods are required to handle the varying nature of water quality effects....

Public amenities provided by a rural agricultural landscape, arising from open space and farm activity, are important to many citizens and policymakers. Widespread development of farmland in some parts of the country has spawned an expanding array of farmland protection programs by county,...

Reductions in maximum Conservation Reserve Program (CRP) acres mandated by the 2008 Farm Act, along with relatively high agricultural commodity prices, could lead to reduced overall environmental benefits and higher CRP costs. ERS is analyzing alternative enrollment policies and practices that...

USDA has spent more than $4.2 billion on wetland restoration and protection over the last two decades. One challenge in allocating these funds is the lack of information on variations in wetland benefits and costs across the Nation. This report discusses the biophysical impacts of new wetlands...