Economic Valuation of Ecosystem Services in New Zealand Winegrowing Regions: Testing for Benefit Transfer
AbstractBenefit transfer (BT) is a pragmatic way of estimating values by transferring values from existing valuation studies to a target area of interest. BT using choice modeling (CM) is a potentially cost-effective method for valuing differences in improvements in environmental quality. After taking into account a range of policy options, ecosystem service attributes, socioeconomic characteristics and attitudinal variables for two winegrowing regions and populations, this study uses CM to value the marginal benefits of improvement in selected ecosystem services associated with winegrowing. This study tests the transferability of willingness-to-pay or welfare measures of equivalence across two sites to check the suitability of the estimates to be transferred between the sites. Policy implications conclude the paper.
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Bibliographic InfoArticle provided by Review of Applied Economics in its journal Review of Applied Economics.
Volume (Year): 06 (2010)
Issue (Month): 1-2 ()
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Web page: http://www.lincoln.ac.nz/story11874.html
Benefit transfer; choice modeling; New Zealand winegrowing; ecosystem services; Agribusiness; Environmental Economics and Policy; Marketing; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; Q1; Q2; Q5;
Find related papers by JEL classification:
- Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
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