Investigating distance effects on environmental values: A choice modelling approach
AbstractThis paper describes a Choice Modelling experiment set up to investigate the relationship between distance and willingness to pay for environmental quality changes. The issue is important for the estimation and transfer of benefits. So far the problem has been analysed through the use of Contingent Valuation-type of experiments, producing mixed results. The Choice Modelling experiment allows testing distance effects on parameters of environmental attributes that imply different trade-offs between use and non-use values. The sampling procedure is designed to provide a Ògeographically balancedÓ sample. Several specifications of the distance covariate are compared and distance effects are shown to take complex shapes. Welfare analysis also shows that disregarding distance produces under-estimation of individual and aggregated benefits and losses, seriously hindering the reliability of costbenefit analyses.
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Bibliographic InfoPaper provided by Risk and Sustainable Management Group, University of Queensland in its series Murray-Darling Program Working Papers with number WP7M05.
Date of creation: Dec 2005
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choice Modelling techniques; distance; aggregation; sampling; functional forms.;
Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
This paper has been announced in the following NEP Reports:
- NEP-AGR-2006-03-05 (Agricultural Economics)
- NEP-ALL-2006-03-05 (All new papers)
- NEP-DCM-2006-03-05 (Discrete Choice Models)
- NEP-ECM-2006-03-05 (Econometrics)
- NEP-ENV-2006-03-05 (Environmental Economics)
- NEP-INT-2006-03-05 (International Trade)
- NEP-TUR-2006-03-05 (Tourism Economics)
- NEP-URE-2006-03-05 (Urban & Real Estate Economics)
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