The most persistently troubling empirical result in the contingent valuation method literature is the tendency for hypothetical willingness to pay to overestimate real willingness to pay. We suggest a new approach to test and correct for hypothetical bias using a latent choice multinomial logit...

We estimate the economic values of Saginaw Bay coastal marshes with multiple methods. First we estimate the value of coastal marsh recreation with two variations of the travel cost method: the single-site recreation demand model and the recreation site selection or random utility model. Using...

Using a panel study of annual Major League Baseball (MLB) data (1990–2004), we do not find evidence that race affects the career duration of black hitters. Our findings are inconsistent with results from a study by Jiobu (1988) who used 1971–1985 data that found that race decreased career...

Cross sectional employment data is not random. Workers who survive to a longer level of tenure tend to have a higher level of productivity than those who exit earlier. Wage equations that use cross sectional data could be biased from the over sampling of high productive workers at long levels of...

In the last settler’s syndrome, each new settler wants the area to remain as it was on their arrival. Newcomers’ preferences often differ from long-term residents, and conflicts arise. To explore land use issues among various groups, a survey of opinions on mountain views was...

Proponents of wind power note that wind is a green energy source. Yet locating electrical generating windmills has become difficult in some localities because of potential negative externalities. We address why the NIMBY syndrome may arise when choosing site locations by addressing the perceived...

Benefit transfer has become increasingly important for policy researchers as a low-cost approach for assigning benefits to environmental amenities. To gain insights on how to best perform benefit transfer, this study analyzes estimates from both the travel cost (TC) and contingent valuation (CV)...