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Integrating economic values and catchment modelling

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  • Kragt, Marit Ellen
  • Bennett, Jeffrey W.

Abstract

Integrated catchment policies are widely used to manage natural resources in Australian catchments. Decision support tools available to aid integrated catchment management are often limited in their integration of environmental processes with socio-economic systems. Fully integrated models are required to support assessments of the environmental and economic trade-offs of catchment management changes. A Bayesian Network (BN) model is demonstrated to provide a suitable approach to integrate environmental modelling with economic valuation. The model incorporates hydrological, ecological and economic models for the George catchment in Tasmania. Information about the non-market costs and benefits of environmental changes is elicited using Choice Experiments, allowing an assessment of the efficiency of alternative management scenarios.

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Bibliographic Info

Paper provided by Australian Agricultural and Resource Economics Society in its series 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia with number 47956.

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Date of creation: 2009
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Handle: RePEc:ags:aare09:47956

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Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
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Related research

Keywords: Integrated catchment modelling; Bayesian networks; Uncertainty; Environmental values; Non-market valuation; Choice Modelling.;

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  1. Brouwer, Roy & Hofkes, Marjan, 2008. "Integrated hydro-economic modelling: Approaches, key issues and future research directions," Ecological Economics, Elsevier, vol. 66(1), pages 16-22, May.
  2. Ian J. Bateman & Roy Brouwer & Helen Davies & Brett H. Day & Amelie Deflandre & Salvatore Di Falco & Stavros Georgiou & David Hadley & Michael Hutchins & Andrew P. Jones & David Kay & Graham Leeks & M, 2006. "Analysing the Agricultural Costs and Non-market Benefits of Implementing the Water Framework Directive," Journal of Agricultural Economics, Wiley Blackwell, vol. 57(2), pages 221-237, 07.
  3. Marit E Kragt & Jeff Bennett, 2009. "Using Choice Experiments to value River and Estuary Health in Tasmania with Individual Preference Heterogeneity," Environmental Economics Research Hub Research Reports 0916, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University, revised Sep 2009.
  4. Barton, D.N. & Saloranta, T. & Moe, S.J. & Eggestad, H.O. & Kuikka, S., 2008. "Bayesian belief networks as a meta-modelling tool in integrated river basin management -- Pros and cons in evaluating nutrient abatement decisions under uncertainty in a Norwegian river basin," Ecological Economics, Elsevier, vol. 66(1), pages 91-104, May.
  5. Qureshi, Muhammad Ejaz & Connor, Jeffery D. & Kirby, Mac & Mainuddin, Mohammed, 2005. "Integrated assessment and management of stochastic water resources in the Murray Darling Basin," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137944, Australian Agricultural and Resource Economics Society.
  6. Rosegrant, M. W. & Ringler, C. & McKinney, D. C. & Cai, X. & Keller, A. & Donoso, G., 2000. "Integrated economic-hydrologic water modeling at the basin scale: the Maipo river basin," Agricultural Economics, Blackwell, vol. 24(1), pages 33-46, December.
  7. Mallawaarachchi, Thilak & Quiggin, John C., 2001. "Modelling socially optimal land allocations for sugar cane growing in North Queensland: a linked mathematical programming and choice modelling study," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(3), September.
  8. Sadoddin, A. & Letcher, R.A. & Jakeman, A.J. & Newham, L.T.H., 2005. "A Bayesian decision network approach for assessing the ecological impacts of salinity management," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 69(1), pages 162-176.
  9. J.C.J.M. van den Bergh & A. Barendregt & A. Gilbert & M. van Herwijnen & P. van Horssen & P. Kandelaars, 2000. "Spatial Economic-Hydroecological Modelling and Evaluation of Land Use Impacts in the Vecht Wetlands Area," Tinbergen Institute Discussion Papers 00-007/3, Tinbergen Institute.
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