This paper uses a choice experiment to evaluate the benefits to trekkers of the natural environment and the provision of appropriate recreation experiences in the Uryu-numa Mire, northern Japan. The result, applying a conditional logit model, shows that restoration of the natural environment are...

This paper uses a choice experiment to evaluate the benefits to trekkers of the natural environment and the provision of appropriate recreation experiences in the Uryu-numa Mire, northern Japan. The result, applying a conditional logit model, shows that restoration of the natural environment are...

In this study, we empirically examine the effectiveness of regulatory actions on wastewater treatment plants in Illinois with careful attention to endogeneity issues that might have caused biased estimates in previous studies. We show that Pooled OLS and Fixed Effect models, which are the...

We examine the efficiency of current flood risk allocation and the use of flood easements as a means of reallocating flood risk and reducing total flood damages in large river floodplains. Changes in agricultural floodplain land use and levels of crop insurance coverage as the risk of flooding...

Despite extensive research and policy initiatives to increase the technical, financial, and managerial capacity of small drinking water systems, there has been little research focusing on understanding how consolidation can increase the overall capacity of the drinking water industry....

We show how stated preference information obtained from a choice experiment, and revealed preference information based on housing market transactions, can be combined via generalized method of moments (GMM) estimation. Specifically, we use a moment condition matching the predicted marginal...

This study develops a theoretical general equilibrium model to examine optimal externality tax policy in the presence of externalities linked to one another through markets rather than technical production relationships. Analytical results reveal that the second-best externality tax rate may be...