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Valuing water level changes in reservoirs using two stated preference approaches: An exploration of validity

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  • Lienhoop, Nele
  • Ansmann, Till

Abstract

The combination of travel cost (TCM) and contingent behaviour (CB) methods is a relatively new research avenue in the recreational valuation community. Contrary to simple TCM applications, TCM-CB facilitates the ex ante valuation of marginal welfare effects resulting from environmental quality or quantity changes, similar to the contingent valuation method (CV). Even though TCM-CB is highly policy relevant, i.e. to inform changes in management regimes at recreational sites, the validity of estimates has hardly received any attention and little is known about the performance of TCM-CB compared to CV. In this paper, TCM-CB and CV are explored with respect to several validity tests in a case study on the recreational effects of water level changes in a reservoir. Overall, the findings reveal that TCM-CB and CV perform equally well in terms of theoretical validity, but that the marginal recreational value varies significantly between the two methods. We also observe that both methods face similar internal difficulties with respect to the stability of values when the order of a set of valuation questions is changed.

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  • Lienhoop, Nele & Ansmann, Till, 2011. "Valuing water level changes in reservoirs using two stated preference approaches: An exploration of validity," Ecological Economics, Elsevier, vol. 70(7), pages 1250-1258, May.
    • Handle: RePEc:eee:ecolec:v:70:y:2011:i:7:p:1250-1258
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    4. Simões, Paula & Barata, Eduardo & Cruz, Luís, 2013. "Joint estimation using revealed and stated preference data: An application using a national forest," Journal of Forest Economics, Elsevier, vol. 19(3), pages 249-266.
    5. Pueyo-Ros, Josep & Garcia, Xavier & Ribas, Anna & Fraguell, Rosa M., 2018. "Ecological Restoration of a Coastal Wetland at a Mass Tourism Destination. Will the Recreational Value Increase or Decrease?," Ecological Economics, Elsevier, vol. 148(C), pages 1-14.
    6. Paula Simões & Luís Cruz & Eduardo Barata, 2012. "Non-market Recreational Value of a National Forest: Survey Design and Results," GEMF Working Papers 2012-09, GEMF, Faculty of Economics, University of Coimbra.
    7. Chun-Chu Yeh & Kuo-Ting Hua & Chin-Huang Huang, 2016. "Service quality improving effects and recreational benefits for sports tourism—A case study," Tourism Economics, , vol. 22(6), pages 1332-1337, December.
    8. Tobias Börger & Anna Maccagnan & Mathew P. White & Lewis R. Elliott & Tim Taylor, 2023. "Was the trip worth it? Consistency between decision and experienced utility assessments of recreational nature visits," American Journal of Agricultural Economics, John Wiley & Sons, vol. 105(2), pages 525-545, March.
    9. Kniebes, Carola & Rehdanz, Katrin & Schmidt, Ulrich, 2014. "Validity of WTP measures under preference uncertainty," Kiel Working Papers 1972, Kiel Institute for the World Economy (IfW Kiel).
    10. Massimo Filippini & William Greene & Adan L. Martinez-Cruz, 2018. "Non-market Value of Winter Outdoor Recreation in the Swiss Alps: The Case of Val Bedretto," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(3), pages 729-754, November.
    11. Michael Getzner & Barbara Färber & Claudia Yamu, 2016. "2D Versus 3D: The Relevance of the Mode of Presentation for the Economic Valuation of an Alpine Landscape," Sustainability, MDPI, vol. 8(6), pages 1-16, June.
    12. Chun-Chu Yeh & Crystal Jia-Yi Lin & James Po-Hsun Hsiao & Chin-Huang Huang, 2019. "The Effect of Improving Cycleway Environment on the Recreational Benefits of Bicycle Tourism," IJERPH, MDPI, vol. 16(18), pages 1-11, September.
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