To date, the valuation of environmental quality has been severely hampered by our ability to actually measure quality. Often environmental resources are described by exhaustive lists of attributes. Unfortunately, high multicollinearity among attributes leads to serious econometric problems. The use of too few attributes, on the other hand, leads to underspecification of the valuation model. Fin...

This study examines the proper estimation of trip demand and economic benefits for visitors to recreation sites when past-season trip information is elicited from travelers intercepted on-site. We show that the proper weighting of past season counts is different from the standard on-site correction appropriate for current-season counts. We find that for our sample of lake visitors relatively st...

This article investigates the impact of renewable energy consumption and natural resource depletion on environmental degradation from 1990 to 2014. The analysis this study is distributed into three parts, developing country analysis, developed complete sample analysis. An insignificant relation has found between in case but vice-versa countries. Fossil fuel a positive significant Renewable nega...

The Truckee / Carson / Walker River Watershed in Northern Nevada is under an imminent threat of infestation by the New Zealand Mud Snail, an aquatic nuisance species with the potential to harm recreational fisheries. We combine a utility-theoretic system-demand model of recreational angling with a Bayesian econometric framework to provide estimates of trip and welfare losses under different typ...

Two recent studies have shown that “cheap talk” is an effective means of eliminating positive hypothetical bias in experimental and field-auction settings. We further investigate the ability of cheap talk to mitigate positive hypothetical bias in a contingent-valuation phone survey administered to over 4,000 households. Positive hypothetical bias is detected in our data by contrasting revealed ...

Seceral contingent caluation studies hace found that the open-ended format yields lower estimates of willingness to pay (WTP) than does the closed-ended, or dichotomous choice, format. In this study, WTP for a public encironmental good was estimated under four conditions: actual payment in response to open-ended and closed-ended requests, and hypothetical payment in response to open-ended and c...