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Does Nature Limit Environmental Federalism? AgEcon
Smith, V. Kerry; Schwabe, Kurt A.; Mansfield, Carol.
This research considers whether the principles developed to analyze the optimal jurisdiction for producing public goods can be applied in cases where regulations of private activities provide the primary means to deliver different amounts of public and quasi-public goods. The analysis evaluates how devolution affects the development of benefit cost analyses for regulations and the role of economic versus environmental factors in defining the extent of the regulatory market. Using a study of nutrient control for the Neuse River in North Carolina, the analysis develops area specific measures of the benefits and costs of regulations and illustrates how changes in the composition of the areas allowed to "count" for policy design can affect decisions about the...
Tipo: Working or Discussion Paper Palavras-chave: Environmental federalism; Benefit-cost analysis; Nutrient control; Environmental Economics and Policy; H11; H23; Q28.
Ano: 1997 URL: http://purl.umn.edu/10684
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Buying Time: Real and Hypothetical Offers AgEcon
Smith, V. Kerry; Mansfield, Carol.
This paper provides the results of a field test of contingent valuation estimates within a willingness to accept framework. Using dichotomous choice questions in telephone mail-telephone interviews, we compare responses to real and hypothetical offers to survey respondents for the opportunity to spend time in a second set of interviews on an undisclosed topic. Five hundred and forty people were randomly split between the real and hypothetical treatments. Our findings indicate no significant differences between people's choices with real and hypothetical offers. Choice models indicate the size of the offer and income were significant determinants of respondents' decisions, and these models were not significantly different between real and hypothetical offers.
Tipo: Working or Discussion Paper Palavras-chave: Contingent value; Real and hypothetical offer; Willingness to accept; Experiment; Institutional and Behavioral Economics; C93; D12; Q2.
Ano: 1996 URL: http://purl.umn.edu/10719
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