In this paper we summarize the theoretical arguments of Carson and Groves, et al., and assemble early empirical evidence that comports with this theoretical framework. In doing so, we argue that redefining criterion validity in terms of consequentiality offers the potential for a fundamental...

This paper presents the findings of research intended to investigate the nature of expressed preferences for reducing air pollution impacts. Specifically a contingent valuation (CV) experiment is designed to elicit individuals' values for reducing these impacts and examine how these may change...

The application of the contingent valuation method to environmental resources has been criticised on the grounds that individuals' responses are thought to be motivated by considerations not strictly relevant to economic valuation, thus leading to observed anomalies such as scope insensitivity....

While a dominated choice involves a situation in which one option clearly dominates another on all relevant dimensions, an asymmetrically dominated choice typically involves more than two options in which at least two options do not dominate each other but one (but not both) of those options...

The mandatory nature of generic advertising funding remains a contentious issue. Theoretically and in laboratory environments, a provision point mechanism with a money-back guarantee offers an attractive voluntary alternative to the standard voluntary contribution mechanisms, yet in practice,...

We use the non-tidal Passaic River Watershed as a case study to investigate the size of potential cost savings associated with allowing phosphorus emissions trading amongst Waste Water Treatment Plants (WWTP) to achieve a significant reduction in ambient phosphorus levels. To measure the cost...

The regulation of nonpoint source water pollution from agriculture is a complex problem characterized by a multiplicity of polluters, informational asymmetries, complex fate and transport processes, and stochastic environmental factors. Taken together, these characteristics make regulatory...