Investing in Water Quality: Measuring Benefits, Costs and Risks, explores the methods and analytical tools available for making better investment decisions when our knowledge of the costs and benefits of water quality improvement is imprecise and the future is uncertain. The study demonstrates...

Investing in Water Quality: Measuring Benefits, Costs and Risks, explores the methods and analytical tools available for making better investment decisions when our knowledge of the costs and benefits of water quality improvement is imprecise and the future is uncertain. The study demonstrates...

Fundamentally, this paper is about the value of information. Whenever a cost-benefit analysis has to be undertaken using benefits that are estimated from household survey data the size of the survey sample must be specified. The most obvious case in the valuation of environmental amenity...

Deciding how to allocate forage among animals is a fundamentally important process in range management. The wisdom of these decisions can be enhanced by estimating the marginal value of forage needed by competing species. We present a method for ...