Diverse and competing principles of equity are argued to be relevant to the burden-sharing problem for environmental improvement programmes. In this paper, a survey-based approach is used to reconcile this conflict, which is defined as sharing of the costs of an environmental programme among...

We present the results of a ‘natural experiment’ to test how variations in exogenous risk levels affect resultant willingness to pay (WTP) for risk reduction. The case study presented considers WTP for reductions in the skin cancer risks associated with exposure to solar UV radiation. A...

A frequent scenario in public decision-making is that of choosing between a number of proposed changes from the status quo. In such a case, stated preference surveys, such as the contingent valuation method, are often undertaken to assess the size of the benefits associated with each proposed...

What value do we place on our cultural heritage, and to what extent should we preserve historic and culturally important sites and artefacts from the ravages of weather, pollution, development and use by the general public? This innovative book attempts to answer these important questions by...

The technical efficiency of Portugese dairy farms is measured using frontier production functions estimated from panel data. Alternative estimators are compared and evaluated. The results suggest an average efficiency of 60 to 70 percent. The relationship between efficiency and farm...

This paper investigates habitat-fisheries interaction between two important resources in the Chesapeake Bay: blue crabs and Submerged Aquatic Vegetation (SAV). A habitat can be essential to a species (the species is driven to extinction without it), facultative (more habitat means more of the...

This paper investigates habitat-fisheries interaction between two important resources in the Chesapeake Bay: blue crabs and Submerged Aquatic Vegetation (SAV). A habitat can be essential to a species (the species is driven to extinction without it), facultative (more habitat means more of the...

Hedonic pricing models use property value differentials to value changes in environmental quality. If unmeasured quality attributes of residential properties are correlated with an environmental quality measure of interest, conventional methods for estimating implicit prices will be biased....

In this note we conduct construct validity tests for dichotomous choice (DC) and polychotomous choice (PC) contingent valuation questions. Contrary to previous results, we find that DC and PC estimates of willingness to pay are theoretically valid, convergent valid, and similar in terms of...