Residential housing sales data from the San Francisco Bay area are merged with earthquake hazard measures, geologic measures, neighborhood quality measures, and community characteristics in order to estimate the hedonic price of earthquake risk before and after the October 17, 1989, Loma Prieta...

The Dallas area housing market is examined before, during, and after the closure and cleanup of a 50-year-old lead smelter west of downtown Dallas, using a pooled time series and cross-sectional data set that covered all single family homes sold through the multiple-listing service from 1979...

This article presents a median voter model to explain the expenditures on recreation by local governments. The authors show that when the benefits of a public good provided by one community can spill over to members of other communities the correct empirical specification is a spatially...

This article observes that regular-season champions in National Collegiate Athletic Association (NCAA) men’s basketball often perform poorly in season-ending conference tournaments and examines two alternative explanations for this underperformance. We employ data on regular-season...

This article provides estimates of the economic benefits of reducing respiratory and cardiovascular hospitalizations based on cost of illness and willingness to pay. The willingness-to-pay estimates indicate that individuals value prevention of a five-day hospitalization event at an average of...

Replacing incandescent light bulbs with compact fluorescents (CFLs) has traditionally been seen as a cost effective means of promoting energy conservation. Recently, however, the magnitude of energy savings associated with CFLs has been called into question. Specifically, recent findings suggest...