@article{lutzeyer_phaneuf_taylor_2018, title={The amenity costs of offshore wind farms: Evidence from a choice experiment}, volume={72}, ISSN={0140-9883}, url={http://dx.doi.org/10.1016/J.ENECO.2018.03.020}, DOI={10.1016/J.ENECO.2018.03.020}, abstractNote={We conduct a choice-experiment with individuals that recently rented a vacation property along the North Carolina coastline to assess the impacts of a utility-scale wind farm on their rental decisions. Visualizations were presented to survey respondents that varied both the number of turbines and their proximity to shore. Results indicate that there is not a scenario for which respondents would be willing to pay more to rent a home with turbines in view, as compared to the baseline view with no turbines in sight. Further, there is a substantial portion of the survey population that would change their vacation destination if wind farms were placed within visual range of the beach. The rental discounts required to attract the segment of the survey population most amenable to viewing wind farms still indicate that rental value losses of up to 10% are possible if a utility-scale wind farm is placed within 8 miles of shore.}, journal={Energy Economics}, publisher={Elsevier BV}, author={Lutzeyer, Sanja and Phaneuf, Daniel J. and Taylor, Laura O.}, year={2018}, month={May}, pages={621–639} }
 @article{wichman_taylor_haefen_2016, title={Conservation policies: Who responds to price and who responds to prescription?}, volume={79}, ISSN={["1096-0449"]}, DOI={10.1016/j.jeem.2016.07.001}, abstractNote={The efficiency properties of price and nonprice instruments for conservation in environmental policy are well understood. However, there is little evidence comparing the effectiveness of these instruments, especially when considering water resource management. We exploit a rich panel of residential water consumption data to examine heterogeneous responses to both price and nonprice conservation policies during times of drought while controlling for unobservable household characteristics. Our empirical models suggest that among owners of detached, single-family homes in six North Carolina municipalities, relatively low-income households are more sensitive to price and relatively high-consumption households are less sensitive to price. However, prescriptive policies such as restrictions on outdoor water use result in uniform responses across income levels, while simultaneously targeting reductions from households with irrigation systems and historically high consumption.}, journal={JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT}, author={Wichman, Casey J. and Taylor, Laura O. and Haefen, Roger H.}, year={2016}, month={Sep}, pages={114–134} }
 @article{taylor_phaneuf_liu_2016, title={Disentangling property value impacts of environmental contamination from locally undesirable land uses: Implications for measuring post-cleanup stigma}, volume={93}, ISSN={["1095-9068"]}, DOI={10.1016/j.jue.2016.03.004}, abstractNote={This research seeks to identify the impact of environmental contamination on residential housing prices separate from land use externalities associated with the contaminated sites. This is possible in an empirical model that considers the influence of uncontaminated commercial properties on home values concurrently with contaminated property influences. Our approach addresses an important source of omitted variable bias that has not been fully recognized in the literature, and it allows identification of stigma effects in a way not possible in past studies. We estimate difference-in-differences models that pool observations across a metro area and across time, as well as repeat sales models that rely on multiple transactions per home. Results indicate that environmental contamination more than doubles the negative influence commercial properties have on neighboring residential home values. Furthermore, we find little evidence of stigma effects once a contaminated site is remediated. The negative spillover effects associated with remediated contaminated sites are largely indistinguishable from the spillover effects from commercial properties with no known contamination.}, journal={JOURNAL OF URBAN ECONOMICS}, author={Taylor, Laura O. and Phaneuf, Daniel J. and Liu, Xiangping}, year={2016}, month={May}, pages={85–98} }
 @article{johnson_eaton_mcmahon_nilius_bryant_case_martin_wood_taylor_2015, title={Global change and conservation triage on National Wildlife Refuges}, volume={20}, ISSN={["1708-3087"]}, url={http://www.scopus.com/inward/record.url?eid=2-s2.0-84953292871&partnerID=MN8TOARS}, DOI={10.5751/es-07986-200414}, abstractNote={National Wildlife Refuges (NWRs) in the United States play an important role in the adaptation of social-ecological systems to climate change, land-use change, and other global-change processes. Coastal refuges are already experiencing threats from sea-level rise and other change processes that are largely beyond their ability to influence, while at the same time facing tighter budgets and reduced staff. We engaged in workshops with NWR managers along the U.S. Atlantic coast to understand the problems they face from global-change processes and began a multidisciplinary collaboration to use decision science to help address them. We are applying a values-focused approach to base management decisions on the resource objectives of land managers, as well as those of stakeholders who may benefit from the goods and services produced by a refuge. Two insights that emerged from our workshops were a conspicuous mismatch between the scale at which management can influence outcomes and the scale of environmental processes, and the need to consider objectives related to ecosystem goods and services that traditionally have not been explicitly considered by refuges (e.g., protection from storm surge). The broadening of objectives complicates the decision-making process, but also provides opportunities for collaboration with stakeholders who may have agendas different from those of the refuge, as well as an opportunity for addressing problems across scales. From a practical perspective, we recognized the need to (1) efficiently allocate limited staff time and budgets for short-term management of existing programs and resources under the current refuge design and (2) develop long-term priorities for acquiring or protecting new land/habitat to supplement or replace the existing refuge footprint and thus sustain refuge values as the system evolves over time. Structuring the decision-making problem in this manner facilitated a better understanding of the issues of scale and suggested that a long-term solution will require a significant reassessment of objectives to better reflect the comprehensive values of refuges to society. We discuss some future considerations to integrate these two problems into a single framework by developing novel optimization approaches for dynamic problems that account for uncertainty in future conditions.}, number={4}, journal={ECOLOGY AND SOCIETY}, author={Johnson, Fred A. and Eaton, Mitchell J. and McMahon, Gerard and Nilius, Raye and Bryant, Michael R. and Case, David J. and Martin, Julien and Wood, Nathan J. and Taylor, Laura}, year={2015} }
 @article{liu_taylor_hamilton_grigelis_2013, title={Amenity values of proximity to National Wildlife Refuges: An analysis of urban residential property values}, volume={94}, ISSN={["1873-6106"]}, DOI={10.1016/j.ecolecon.2013.06.011}, abstractNote={This research quantifies the property value benefits of National Wildlife Refuges near urban areas on the eastern coast of the U.S.A. Our approach is made possible through access to confidential U.S. Census data identifying property values surrounding all refuges with high geographic resolution. Results from hedonic property value models suggest that the amenity values of refuges located near urbanized areas are capitalized into the value of homes in very close proximity, averaging $11 million per refuge. These capitalized values add directly to the local tax base and are considerable complements to the annual economic value created by the refuge system.}, journal={ECOLOGICAL ECONOMICS}, author={Liu, Xiangping and Taylor, Laura O. and Hamilton, Timothy L. and Grigelis, Peter E.}, year={2013}, month={Oct}, pages={37–43} }
 @article{phaneuf_taylor_braden_2013, title={Combining Revealed and Stated Preference Data to Estimate Preferences for Residential Amenities: A GMM Approach}, volume={89}, ISSN={["1543-8325"]}, DOI={10.3368/le.89.1.30}, abstractNote={We show how stated preference information obtained from a choice experiment, and revealed preference information based on housing market transactions, can be combined via generalized method of moments (GMM) estimation. Specifically, we use a moment condition matching the predicted marginal willingness to pay (WTP) from a first-stage hedonic model to the marginal WTP formula implied by the choice experiment utility function. This is coupled with other moments from the choice experiment to produce GMM-based estimates of parameters that reflect the strengths of each data source. Our application values remediation of a contaminated site in Buffalo, New York, and we find evidence in support of estimates arising from our approach. (JEL Q51, Q53)}, number={1}, journal={LAND ECONOMICS}, author={Phaneuf, Daniel J. and Taylor, Laura O. and Braden, John B.}, year={2013}, month={Feb}, pages={30–52} }
 @article{bennear_lee_taylor_2013, title={Municipal Rebate Programs for Environmental Retrofits: An Evaluation of Additionality and Cost-Effectiveness}, volume={32}, ISSN={["1520-6688"]}, DOI={10.1002/pam.21692}, abstractNote={Abstract}, number={2}, journal={JOURNAL OF POLICY ANALYSIS AND MANAGEMENT}, author={Bennear, Lori S. and Lee, Jonathan M. and Taylor, Laura O.}, year={2013}, pages={350-+} }
 @article{bosworth_taylor_2012, title={Hypothetical Bias in Choice Experiments: Is Cheap Talk Effective at Eliminating Bias on the Intensive and Extensive Margins of Choice?}, volume={12}, ISSN={["1935-1682"]}, DOI={10.1515/1935-1682.3278}, abstractNote={Abstract}, number={1}, journal={B E JOURNAL OF ECONOMIC ANALYSIS & POLICY}, author={Bosworth, Ryan and Taylor, Laura O.}, year={2012} }
 @article{scotton_taylor_2011, title={Valuing risk reductions: Incorporating risk heterogeneity into a revealed preference framework}, volume={33}, ISSN={["1873-0221"]}, DOI={10.1016/j.reseneeco.2010.06.001}, abstractNote={Our study expands the hedonic wage framework to take advantage of the inherent differences in workplace deaths, both in type and probability of occurrence, and examines revealed preferences over these heterogeneous risks. We use data on all fatal workplace deaths in the US from 1992 to 1997 and develop risk rates that are differentiated by how the fatal injury occurred. Within sample tests of the equality of compensating wage differentials for heterogeneous risks indicate that we can reject aggregation of homicide risks with other sources of workplace fatalities. However, our results are not without qualification and highlight important nuances of the labor market as related to estimating compensating wage differentials for risks that have generally been ignored in the previous literature.}, number={2}, journal={RESOURCE AND ENERGY ECONOMICS}, author={Scotton, Carol R. and Taylor, Laura O.}, year={2011}, month={May}, pages={381–397} }
 @article{taylor_morrison_boyle_2010, title={Exchange Rules and the Incentive Compatibility of Choice Experiments}, volume={47}, ISSN={["1573-1502"]}, DOI={10.1007/s10640-010-9371-8}, number={2}, journal={ENVIRONMENTAL & RESOURCE ECONOMICS}, author={Taylor, Laura O. and Morrison, Mark D. and Boyle, Kevin J.}, year={2010}, month={Oct}, pages={197–220} }
 @article{macdonald_crossman_mahmoudi_taylor_summers_boxall_2010, title={The value of public and private green spaces under water restrictions}, volume={95}, ISSN={["1872-6062"]}, DOI={10.1016/j.landurbplan.2010.01.003}, abstractNote={Numerous studies have been published that consider the relationship between open spaces and property values. In this study, we examine the potential impact of water restrictions on the value of different types of green space. Restrictions on the use of water on outdoor areas are a popular means for governments or utilities to limit water use in urban areas. In this paper, a hedonic pricing model is used to analyse the effects that increasingly severe water restrictions might have on the perceived value of public and private green spaces in Adelaide, South Australia. A hedonic pricing model is estimated that contains housing characteristics, neighbourhood amenities, fixed effects to control for unobserved neighbourhood characteristics and temporal control variables for inflation. The findings suggest that water restrictions are not having a significant impact of the value of outdoor spaces on private properties. There are indications that substitutions may be occurring with the proximity to playgrounds, which are watered more regularly, becoming significant with increasing severity of water restrictions. However, close proximity to large public parks with trails for walking which remain in a natural state throughout the year (brown and dry in summer) is negatively correlated with the selling price regardless of water restrictions. This suggests that households in this market may be using some public green spaces for recreation in lieu of private areas but not all public open spaces are equal. This has implications for urban and landscape planners, especially given the likelihood of ongoing water restriction under climate change.}, number={4}, journal={LANDSCAPE AND URBAN PLANNING}, author={MacDonald, Darla Hatton and Crossman, Neville D. and Mahmoudi, Parvin and Taylor, Laura O. and Summers, David M. and Boxall, Peter C.}, year={2010}, month={Apr}, pages={192–200} }
 @article{laury_taylor_2008, title={Altruism spillovers: Are behaviors in context-free experiments predictive of altruism toward a naturally occurring public good?}, volume={65}, ISSN={0167-2681}, url={http://dx.doi.org/10.1016/j.jebo.2005.05.011}, DOI={10.1016/j.jebo.2005.05.011}, abstractNote={This paper addresses the external validity of experiments investigating the characteristics of altruism in the voluntary provision of public goods. We conduct two related experiments that allow us to examine whether individuals who act more altruistically in the context-free environment are also more likely to act altruistically toward a naturally occurring public good. We find that laboratory behavior can be predictive of contributions toward naturally occurring goods, but not in a uniform way. In fact, parametric measures of altruism do a poor job of predicting which subjects are most likely to contribute to a naturally occurring public good.}, number={1}, journal={Journal of Economic Behavior & Organization}, publisher={Elsevier BV}, author={Laury, Susan K. and Taylor, Laura O.}, year={2008}, month={Jan}, pages={9–29} }
 @article{braden_taylor_won_mays_cangelosi_patunru_2008, title={Economic benefits of remediating the Buffalo River, New York area of concern}, volume={34}, DOI={10.1016/s0380-1330(08)71607-1}, abstractNote={This study estimates the economic benefits of remediation in the Buffalo River, NY Area of Concern (AOC) using two distinct empirical methods. One method analyzes the effects of proximity to the AOC on prices in the residential property market. The second uses a choice survey of recent home purchasers concerning the characteristics of homes and the river. After controlling for numerous structural, community, and spatial effects, the market analysis shows that single-family residential property prices south of the river are depressed due to their proximity to the AOC by $118 million (5.4% of total market value). The impacts are greater for properties closer to the AOC. Prices to the north of the AOC do not appear to be affected. Recovery of $118 million in property value losses could produce approximately $4.7 million/year in new property tax revenues. Considering only the area for which the market study shows price discounts, the survey-based estimates reveal a willingness to pay (WTP) for full cleanup of the AOC of approximately $250 million (14% of median-based market value). The reasons for discrepancies between the results of the two methods is a matter for further research.}, number={4}, journal={Journal of Great Lakes Research}, author={Braden, J. B. and Taylor, L. O. and Won, D. and Mays, N. and Cangelosi, A. and Patunru, A. A.}, year={2008}, pages={631–648} }
 @article{braden_won_taylor_mays_cangelosi_patunru_2008, title={Economic benefits of remediating the Sheboygan River, Wisconsin area of concern}, volume={34}, DOI={10.1016/s0380-1330(08)71608-3}, abstractNote={This study estimates the economic benefits of remediation in the Sheboygan River, WI Area of Concern (AOC) using two distinct empirical methods. The methodology parallels that described by Braden et al. (2008). The results are mixed. Using hedonic analysis of property sales, for owner-occupied homes within a 5-mile radius of the Sheboygan River AOC, the overall estimated loss of value is $158 million (8% of market value). Of this total, only $49 million in losses for homes closest to the upper river segment has strong statistical support. The impacts are greatest proportionally for properties closest to the AOC. A survey-based method yields a mean estimate of $218 million (10% of property value) in willingness to pay for full cleanup of the AOC. If remediation were to induce recovery of property values, then the local communities could benefit through increased property tax revenues.}, number={4}, journal={Journal of Great Lakes Research}, author={Braden, J. B. and Won, D. and Taylor, L. O. and Mays, N. and Cangelosi, A. and Patunru, A. A.}, year={2008}, pages={649–660} }
 @article{shogren_taylor_2008, title={On Behavioral-Environmental Economics}, volume={2}, ISSN={["1750-6824"]}, DOI={10.1093/reep/rem027}, abstractNote={Traditional environmental and resource economics uses rational choice theory to guide the evaluation of alternative policy options to correct market failure. Behavioral economics, however, has challenged this conventional mindset by showing how people frequently make choices and state values that deviate from the presumption of rationality, i.e., behavioral failures. This article explores the potential of behavioral economics to advance the science of environmental and resource economics. We address four questions: (1) How can behavioral failures affect thinking about environmental policy? (2) When are behavioral failures relevant to the science of environmental economics? (3) Is behavioral failure just another form of market failure? (4) Do we have a new behavioral-environmental second best problem? We conclude that the evidence from behavioral economics remains insufficient to support the wholesale rejection of rational choice theory within environmental and resource economics. But this does not mean anomalous behavior is non-existent; nature's goods and services frequently lack the active market-like arbitrage needed to encourage consistent and rational choice. We believe it is crucial to identify the economic circumstances, institutional designs, and social contexts in which rational choice theory works and those where it fails to capture observed behavior.}, number={1}, journal={REVIEW OF ENVIRONMENTAL ECONOMICS AND POLICY}, author={Shogren, Jason F. and Taylor, Laura O.}, year={2008}, pages={26–44} }
 @article{petrie_taylor_2007, title={Estimating the value of water use permits: A hedonic approach applied to farmland in the southeastern united states}, volume={83}, ISSN={["0023-7639"]}, DOI={10.3368/le.83.3.302}, abstractNote={Agricultural irrigation permits in the Flint River Basin in Georgia had been routinely granted until a moratorium was placed on permit issuance in 1999. This research exploits this policy change within a hedonic-pricing framework to estimate the value of irrigation rights in the southeastern United States. While the value of irrigation rights has been studied extensively in the western United States, differences in property rights and legal regimes, as well as a lack of established water-rights markets in the eastern United States, leave us with little information regarding the value of irrigation rights in this setting. (JEL Q25)}, number={3}, journal={LAND ECONOMICS}, author={Petrie, Ragan A. and Taylor, Laura O.}, year={2007}, month={Aug}, pages={302–318} }
 @article{bergstrom_taylor_2006, title={Using meta-analysis for benefits transfer: Theory and practice}, volume={60}, ISSN={0921-8009}, url={http://dx.doi.org/10.1016/j.ecolecon.2006.06.015}, DOI={10.1016/j.ecolecon.2006.06.015}, abstractNote={Meta-analysis, or the “study of studies”, attempts to statistically measure systematic relationships between reported valuation estimates for an environmental good or service and attributes of the study that generated the estimates including valuation methods, human population and sample characteristics, and characteristics of the good or service itself. In this paper, we discuss the general theory behind and practice of the emerging use of meta-analysis for benefits transfer. We believe that meta-analysis may prove to be a useful tool for benefits transfer in particular applications if it is carefully conducted following systematic protocols for model development, data collection, and data analysis and interpretation. However, before widespread application of this method, more convergent validity tests are needed. One of the greatest strengths of using meta-analysis for benefits transfer is the ability to combine and summarize large amounts of information from previous studies. This strength can also lead to one of the greatest weaknesses of this method which is the loss of important valuation details across time and space in the aggregation process.}, number={2}, journal={Ecological Economics}, publisher={Elsevier BV}, author={Bergstrom, John C. and Taylor, Laura O.}, year={2006}, month={Dec}, pages={351–360} }
 @article{ihlanfeldt_taylor_2004, title={Externality effects of small-scale hazardous waste sites: evidence from urban commercial property markets}, volume={47}, ISSN={0095-0696}, url={http://dx.doi.org/10.1016/S0095-0696(03)00070-6}, DOI={10.1016/S0095-0696(03)00070-6}, abstractNote={Studies have found that severely contaminated properties, such as those on the U.S. EPA's National Priority List (NPL), reduce the value of nearby single-family homes. However, the vast majority of hazardous waste sites (HWS) are not so severely contaminated as those on the NPL. We also know little about HWS effects on other land-uses such as commercial and industrial properties, which may be of greater interest since these properties are more likely to be located near contaminated sites. Using data for Atlanta, Georgia, HWS are found to negatively affect the market value of nearby commercial and industrial properties. Although none of the HWS in this study are on the NPL, their impacts are estimated to be quite substantial in magnitude. Estimates of the total value losses caused by many of the sites are sufficiently large relative to the cost of remediation to justify tax-increment financing as a clean-up option.}, number={1}, journal={Journal of Environmental Economics and Management}, publisher={Elsevier BV}, author={Ihlanfeldt, Keith R. and Taylor, Laura O.}, year={2004}, month={Jan}, pages={117–139} }