This paper summarizes a natural resource damage assessment for the State of Montana. Mining waste... more This paper summarizes a natural resource damage assessment for the State of Montana. Mining wastes have caused significant reductions in trout stocks in a 145-mile stretch of Montana's Silver Bow Creek and Clark Fork River. To estimate economic damages from decreases in catch rates, we develop and estimate an individual-based utility-theoretic model of where and how often an angler will fish as a function of travel costs, catch rates, and other influential characteristics of the site and individuals. The model includes resident and nonresident anglers who currently fish in Montana, and allows them to have different preferences. Demand parameters and expected catch rates are simultaneously estimated. The value of time is endogenously estimated as a proportion of the wage rate. Catch rates are linked to trout stocks through a stock-catch function. Collection of the angler data involved a three-step process: anglers were intercepted at 26 study sites, a subsample of anglers was selected to reflect the population trip-taking proportions to the study sites, and these anglers received follow-up surveys through the fishing season. Avidity weights are used to correct for the higher level of avidity inherent in intercept samples.
What value do we place on our cultural heritage, and to what extent should we preserve historic a... more What value do we place on our cultural heritage, and to what extent should we preserve historic and culturally important sites and artefacts from the ravages of weather, pollution, development and use by the general public? This innovative book attempts to answer these important questions by exploring how non-market valuation techniques – used extensively in environmental economics – can be applied to cultural heritage. The book includes twelve comprehensive case studies that estimate public values for a diverse set of cultural goods, including English cathedrals, Bulgarian monasteries, rock paintings in Canada, statues in the US, and a medieval city in Africa.
What value do we place on our cultural heritage, and to what extent should we preserve historic a... more What value do we place on our cultural heritage, and to what extent should we preserve historic and culturally important sites and artefacts from the ravages of weather, pollution, development and use by the general public? This innovative book attempts to answer these important questions by exploring how non-market valuation techniques – used extensively in environmental economics – can be applied to cultural heritage. The book includes twelve comprehensive case studies that estimate public values for a diverse set of cultural goods, including English cathedrals, Bulgarian monasteries, rock paintings in Canada, statues in the US, and a medieval city in Africa.
This paper investigates heterogeneity in the preferences/WTP (willingness to pay) to preserve mar... more This paper investigates heterogeneity in the preferences/WTP (willingness to pay) to preserve marble monuments in Washington, D.C. This is done in the context of three different discrete-choice random-utility models. The main focus is to estimate a mixture model of choices over preservation programs. This model captures the best features of random-parameters models and models that assume preference parameters are deterministic
... Ski terrain is designed for specific ability levels, thus one's ability to enjoy... more ... Ski terrain is designed for specific ability levels, thus one's ability to enjoy an area depends on ... in his skiing activities, ie, that the marginal utility from skiing at a site diminishes with ... a ski area, transportation services, and some of his own time to produce a sitespecific skiing activity ...
... The information utilized in RUM analysis of the present study are household income and primar... more ... The information utilized in RUM analysis of the present study are household income and primary language spoken at home. 14 The use of the status quo and one other alternative in each choice occasion follows the approach of Swait
This paper summarizes a natural resource damage assessment for the State of Montana. Mining waste... more This paper summarizes a natural resource damage assessment for the State of Montana. Mining wastes have caused significant reductions in trout stocks in a 145-mile stretch of Montana's Silver Bow Creek and Clark Fork River. To estimate economic damages from decreases in catch rates, we develop and estimate an individual-based utility-theoretic model of where and how often an angler will fish as a function of travel costs, catch rates, and other influential characteristics of the site and individuals. The model includes resident and nonresident anglers who currently fish in Montana, and allows them to have different preferences. Demand parameters and expected catch rates are simultaneously estimated. The value of time is endogenously estimated as a proportion of the wage rate. Catch rates are linked to trout stocks through a stock-catch function. Collection of the angler data involved a three-step process: anglers were intercepted at 26 study sites, a subsample of anglers was selected to reflect the population trip-taking proportions to the study sites, and these anglers received follow-up surveys through the fishing season. Avidity weights are used to correct for the higher level of avidity inherent in intercept samples.
What value do we place on our cultural heritage, and to what extent should we preserve historic a... more What value do we place on our cultural heritage, and to what extent should we preserve historic and culturally important sites and artefacts from the ravages of weather, pollution, development and use by the general public? This innovative book attempts to answer these important questions by exploring how non-market valuation techniques – used extensively in environmental economics – can be applied to cultural heritage. The book includes twelve comprehensive case studies that estimate public values for a diverse set of cultural goods, including English cathedrals, Bulgarian monasteries, rock paintings in Canada, statues in the US, and a medieval city in Africa.
What value do we place on our cultural heritage, and to what extent should we preserve historic a... more What value do we place on our cultural heritage, and to what extent should we preserve historic and culturally important sites and artefacts from the ravages of weather, pollution, development and use by the general public? This innovative book attempts to answer these important questions by exploring how non-market valuation techniques – used extensively in environmental economics – can be applied to cultural heritage. The book includes twelve comprehensive case studies that estimate public values for a diverse set of cultural goods, including English cathedrals, Bulgarian monasteries, rock paintings in Canada, statues in the US, and a medieval city in Africa.
This paper investigates heterogeneity in the preferences/WTP (willingness to pay) to preserve mar... more This paper investigates heterogeneity in the preferences/WTP (willingness to pay) to preserve marble monuments in Washington, D.C. This is done in the context of three different discrete-choice random-utility models. The main focus is to estimate a mixture model of choices over preservation programs. This model captures the best features of random-parameters models and models that assume preference parameters are deterministic
... Ski terrain is designed for specific ability levels, thus one's ability to enjoy... more ... Ski terrain is designed for specific ability levels, thus one's ability to enjoy an area depends on ... in his skiing activities, ie, that the marginal utility from skiing at a site diminishes with ... a ski area, transportation services, and some of his own time to produce a sitespecific skiing activity ...
... The information utilized in RUM analysis of the present study are household income and primar... more ... The information utilized in RUM analysis of the present study are household income and primary language spoken at home. 14 The use of the status quo and one other alternative in each choice occasion follows the approach of Swait
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Papers by Edward Morey