Land Economics articles from May 1998

Land Economics archives from May 1998

Implementing the safe minimum standard approach: two case studies from the U.S. Endangered Species Act.
May 1, 1998... I. INTRODUCTION The protection against potentially irreversible losses of at-risk species and the preservation of biodiversity feature prominently in ongoing sustainability debates. As part of this discussion, the safe minimum standard (SMS)...

The role of tenure security and private time preference in neotropical deforestation.
May 1, 1998... I. INTRODUCTION Economic theory suggests that insecure rights of ownership to land (Bohn and Deacon 1996) and high private discount rates should increase deforestation if: (i) forests are managed communally or as an open-access resource and...

Some costs of incomplete property rights with regard to federal grazing permits.
May 1, 1998... I. INTRODUCTION Ranchers who meet certain conditions prescribed by the Taylor Grazing Act of 1934 have rights to harvest forage flows on public lands under a permit system administered by the Bureau of Land Management (BLM). Although public...

Monte Carlo benchmarks for discrete response valuation methods.
May 1, 1998... I. INTRODUCTION There appears to be widespread belief that discrete response (or closed-ended) contingent valuation (CV) questions yield substantially larger estimates of the mean (and the median) willingness to pay (WTP) in comparison to the...

Does realism matter in contingent valuation surveys?
May 1, 1998... I. INTRODUCTION The importance of respondents in contingent valuation (CV) surveys believing the survey not to be frivolous - that is, the valuation exercise is "real" in the sense that their responses to valuation questions will serve some...

Referendum models and economic values: theoretical, intuitive, and practical bounds on willingness to pay.
May 1, 1998... I. INTRODUCTION The referendum model for eliciting economic values in a contingent valuation framework has had great appeal since popularized by Hanemann (1984). Among its virtues, apparent incentive compatibility and the elimination of...

Recreation demand models with taste differences over people.
May 1, 1998... I. INTRODUCTION Recreation demand models are used to forecast demand for recreational activities as well as to determine the value that recreationists place on the various factors that affect their choices. A prominent example is fishing...

Economic valuation by the method of paired comparison, with emphasis on evaluation of the transitivity axiom.
May 1, 1998... I. INTRODUCTION Important public interest decisions often require information about the economic values people place on public goods. The contingent valuation (CV) method is apparently the only existing approach for estimating the economic...

Differences between willingness-to-pay estimates from open-ended and discrete-choice contingent valuation methods: the effects of heteroscedasticity.
May 1, 1998... I. INTRODUCTION In their report, the NOAA panel on contingent valuation concludes that the discrete-choice contingent valuation (DC-CVM) format is preferred to the open-ended (OE) format (Arrow et al. 1993). This conclusion is based on the...

Erratum. (correction to 'Federal timber restrictions and interregional arbitrage in U.S. lumber' in Feb 1998 issue)(Correction Notice)
May 1, 1998... Federal Timber Restrictions and Interregional Arbitrage in U.S. Lumber The article "Federal Timber Restrictions and Interregional Arbitrage in U.S. Lumber" (Murray and Wear 1998) has an error in Figure 1, page 78, "Federal Timber Sold in the...