We experimentally investigate the distribution of children's time preferences along gender and racial lines. Black boys have significantly larger discount rates than any other demographic group. Discount rates among Black girls are comparable to rates among White girls. Although White boys...

This paper explores, in the context of social capital theory, why farmers choose to use sustainable agricultural practices. The hypothesis tested is that farmers who exhibit higher levels of social capital will adopt such practices more often than those who exhibit lower levels of social capital.

While a substantial amount of research has been devoted to showing what social capital does, research explaining social capital itself lags behind. In this paper we examine whether local economic development can explain the variation in social capital across various geographical clusters in the...

This paper addresses the issue of rationality of responses in contingent valuation. We found a significant portion of respondents stated a positive willingness-to-pay for a project they perceived to be worthless. The irrational responses had a significant impact on the mean stated...