Agencies throughout the world are implementing plans to preserve open spaces. The demand to preserve open space is often justified based on the value of the amenities associated with the land. However, many times open space is valued most for what it is not: the absence of negative externalities...

The present study investigates the development (i.e., rise or decline) in African agricultural efficiency level and what drives the efficiency over the years. A total of 379 frontier studies resulting in 534 farm level efficiency estimates were considered using meta-regression analysis (MRA) for...

This study aims to estimate the recreational use values of Great Lakes beaches using a two-level nested logit Random Utility Model. The choice set contains all 594 public Great Lakes beaches in Michigan. Beach sites located in the same Great Lakes water body are arranged into a nest. The trip...

A crucial factor in the success of any water quality trading market is its ability to cost-effectivelyreallocate nutrient allowances from initial holders to those users who find them most valuable;the market's trading efficiency. We explore causes of and solutions to trading inefficiency...

In most urban cities across Australia, water restrictions remain the dominant policymechanism to restrict urban water consumption. The extensive adoption of waterrestrictions over several years means that Australian urban water prices have consistently not reflected the opportunity cost of water...

The greenhouse sector has reinvented itself as a technologically advanced and relatively environmentally friendly industry over the past 15 years. However it remains a high energy user. Two recent surveys have highlighted the potential impact on greenhouse grower costs of the proposed emissions...

The understanding of how allocation decisions can maximise the economic returns to the community from water for irrigation has received little attention, but is a significant issue for regional councils, those interested in water allocation policy development, and for irrigated farmers. There is...

We used the well-being evaluation method, a technique for measuring individual utility, to study how people in the wildland urban interface of Colorado (USA) felt about their lives before and after two wildfire scenarios. Variables such as age, family size, fire frequency, and house value were...

Stated preference approaches are widely used in non-market valuation. However, their potential uses extend far beyond valuation. In particular they can be used to assess efficiency of resource allocations and to design optimal resource allocations. Changes to the government budget were evaluated...

R&D spending in New Zealand is a mixture of private and public investment undertaken to improve productive activity and efficiency. Investment is split fairly equally between private business, government organisations and the universities. It is a long term investment with some uncertainty about...