Housing prices have plummeted across the United States. This paper examines differences in the magnitude of housing price decreases across metropolitan areas. A relatively small number of housing market variables observable before the fall are capable of explaining over 70% of the considerable...

A major environmental tragedy of modern times is the widespread arsenic contamination of shallow drinking water wells in Bangladesh. High levels of arsenic present in many wells went unrecognized for years. Now large numbers of people show a range of symptoms associated with chronic arsenic...

We present the results of an in-depth study in a small Southern Illinois town looking at the public's preferences with respect to reducing trihalomethanes (THMs) in their public drinking water system. THMs are an interesting environmental risk to study. First they are a low-level risk created as...

In the early 1990's the attention of economists was captured by empirical evidence suggesting rising income levels in developing countries could be good rather than bad for the environment. This evidence drove a stake into the heart of those opposing growth on environmental grounds. Ultimately,...

Contingent valuation (CV) has become one of the most widely used non-market valuation techniques. CV's prominence is due to its flexibility and ability to estimate total value, including passive use value. Its use and the inclusion of passive use value in benefit-cost analyses and environmental...

This chapter is both a commentary on and extension of the Carson and Groves (2007) (hereafter CG) article reprinted in this volume. The substantial attention the paper has received has been enormously gratifying. Reception of CG has largely been positive with little if any substantive criticism...

Contingent valuation (CV) is a survey-based method frequently used for placing monetary values on environmental goods and services not bought and sold in the marketplace. CV is usually the only feasible method for including passive use considerations in an economic analysis, a practice that has...

This paper examines a class of maximum-likelihood regression estimators for count data from truncated samples. Estimators for the truncated Poisson and negative binomial distributions are illustrated. Simulation results are given to illustrate the magnitude of the bias that may result from the...

The Australian Resource Assessment Commission conducted a large contingent valuation study to estimate the economic benefits of preserving the Kakadu Conservation Zone by incorporating it into Kakadu National Park rather than allowing mining in it. Different subsamples were presented, with...