Learn More
Numbers of non-indigenous species--species introduced from elsewhere - are increasing rapidly worldwide, causing both environmental and economic damage. Rigorous quantitative risk-analysis frameworks, however, for invasive species are lacking. We need to evaluate the risks posed by invasive species and quantify the relative merits of different management(More)
Invasive species have been highlighted as a major driver of global environmental change and economic damages, spurring governments worldwide to increase prevention and control investments. Unfortunately, recent research is frequently in a form inaccessible to policy-makers and managers. The complexity of analysis and resulting time requirements can be(More)
With the continuing controversy over genetically modified (GM) foods, some groups advocate mandatory labeling of these products, while other groups oppose labeling. An important issue is how GM labels affect consumers' willingness to pay for these food products in the market. Using a statistically based economics experiment with adult consumers as subjects,(More)
Biomedical studies suggest that a person's behavior matters to health, but these studies usually treat human choice as exogenous. This study shows that individual choices on nutrient intake, exercise, and use of medication are influenced by exogenous food prices, wages, and non-labor income. Using these exogenous variables as instruments for endogenous(More)
Course Description: Environmental issues are becoming increasingly central in our lives. As the world population and its associated consumption grows, there are more and more people taking natural resources such as fossil fuels, minerals, timber, and fishes from the environment. At the same time, they are adding to the environment wastes such as air and(More)
We design and implement a field experiment to elicit and calibrate in-sample hypothetical and actual bids given the presence of other goods and intensity of market experience. Using market goods that possess characteristics beyond the norm but yet remain deliverable, bidding behavior was consistent with theory. But we also observe the average calibration(More)
Discussion papers are research materials circulated by their authors for purposes of information and discussion. They have not necessarily undergone formal peer review or editorial treatment. Abstract Trade has become the main mode of transport for many invasive species including diseases and agricultural pests. Most species are brought to their new homes(More)
Invasive species can pose significant risks to society. Managing invasive risks cost-effectively would likely benefit from an integrated bioeconomic framework that accounts for the feedback links between the biological and economic systems. Modeling these feedbacks can be challenging relative to the standard bdamage functionQ approach in which the(More)
This paper calibrates real and hypothetical willingness-to-accept estimates elicited for consumer goods in a multi-unit, random nth-price auction. Using a within-subject experimental design, we find that people understated their real willingness to accept in the hypothetical regimes, framed both as demand and non-demand revealing. After controlling for(More)
  • Matthew Rousu, Wallace Huffman, Jason F Shogren, Abebayehu Tegene, Wallace E Huffman, M Rousu +3 others
  • 2002
Reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Also, we thank Wayne Fuller and Phil Dixon in the Department of Statistics for assistance with the statistical experimental design, Walt Fehr and John Miranowski for helpful suggestions and(More)