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Environmental economics --- Outdoor recreation --- Mathematical models --- Economic aspects --- Mathematical models.

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Evidence from laboratory experiments suggests that important disparities exist between willingness to pay (WTP) and compensation demanded for the same good. This study advances, and experimentally tests, a new explanation of the WTP/WTA disparity—a dynamic theory based on the presence of commitment costs. We find that the commitment cost theory combined with a simple behavioral anomaly is able to lend insights into the causes and severity of the WTA/WTP disparity. Further, we find that market experience attenuates the behavioral anomaly, consistent with the notion that no value disparity exists for agents with sufficient market experience.

Zonder onderwerpscode: economie

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Evidence from laboratory experiments suggests that important disparities exist between willingness to pay (WTP) and compensation demanded for the same good. This study advances, and experimentally tests, a new explanation of the WTP/WTA disparity--a dynamic theory based on the presence of commitment costs. We find that the commitment cost theory combined with a simple behavioral anomaly is able to lend insights into the causes and severity of the WTA/WTP disparity. Further, we find that market experience attenuates the behavioral anomaly, consistent with the notion that no value disparity exists for agents with sufficient market experience.

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Agricultural estimating and reporting --- Farms --- United States.

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Hypoxia in the Northern Gulf of Mexico is based on an extensive review conducted by the Hypoxia Advisory Panel of the Science Advisory Board for the Environmental Protection Agency, which was chaired by the editor. The book examines scientific advances that, since 2000, have increased understanding of hypoxia in the Gulf. It discusses characterization of its cause, characterization of its nutrient fate, transport, and sources, and the scientific basis for goals and management options. Using available data, including models, model results, and uncertainty, the advisory team addresses the strengths and limitations of managing the Gulf hypoxia problem. This book will be of interest to specialists in the fields of environmental sciences, social sciences, economics, landscape architecture, planning, and communication of risks. Virginia Dale is a Corporate Fellow in the Environmental Sciences Division at Oak Ridge National Laboratory. She is also an adjunct faculty member in the Department of Ecology and Evolutionary Biology at the University of Tennessee. .

Nature protection --- Measuring methods in physics --- Hydrobiology --- General ecology and biosociology --- Water supply. Water treatment. Water pollution --- Environmental protection. Environmental technology --- monitoring --- aquacultuur --- waterverontreiniging --- ecologie --- milieubeleid --- milieuzorg --- natuurbescherming --- milieutechnologie --- milieubeheer --- waterbeheer --- milieuanalyse