IDEAS home Printed from https://ideas.repec.org/a/eee/ecolec/v159y2019icp75-83.html
   My bibliography  Save this article

Testing Temporal Stability of Recreation Values

Author

Listed:
  • Rolfe, John
  • Dyack, Brenda

Abstract

Temporal stability of non-market values help to demonstrate the validity of value estimates and the reliability of benefit transfers, however evidence of value stability over time is limited. A literature review focused on meta-analysis studies shows that it is standard practice to adjust values for CPI changes between temporal periods, but that in about half of cases additional value increases over time were identified as significant. One implication is that benefit transfer may not be reliable in those cases. In this study temporal stability of recreation values for the Coorong in Australia has been assessed by travel cost model (TCM) and contingent valuation (CVM) experiments repeated seven years apart. The case study results identified temporal transfer errors were larger with the TCM (62%) than with the CVM (19%). Testing showed that the TCM models and values were significantly different over the seven year period, but the CVM models and values were not, even though the same recreation good was involved. These mixed results indicate that stated preference values may be less sensitive to temporal effects than revealed preference values.

Suggested Citation

  • Rolfe, John & Dyack, Brenda, 2019. "Testing Temporal Stability of Recreation Values," Ecological Economics, Elsevier, vol. 159(C), pages 75-83.
    • Handle: RePEc:eee:ecolec:v:159:y:2019:i:c:p:75-83
    DOI: 10.1016/j.ecolecon.2019.01.016
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0921800917309060
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ecolecon.2019.01.016?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lew, Daniel K. & Wallmo, Kristy, 2017. "Temporal stability of stated preferences for endangered species protection from choice experiments," Ecological Economics, Elsevier, vol. 131(C), pages 87-97.
    2. John Rolfe & Brenda Dyack, 2010. "Testing for convergent validity between travel cost and contingent valuation estimates of recreation values in the Coorong, Australia ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(4), pages 583-599, October.
    3. Randall S. Rosenberger & Robert J. Johnston, 2009. "Selection Effects in Meta-Analysis and Benefit Transfer: Avoiding Unintended Consequences," Land Economics, University of Wisconsin Press, vol. 85(3), pages 410-428.
    4. John C. Whitehead & Thomas J. Hoban, 1999. "Testing for Temporal Reliability in Contingent Valuation with Time for Changes in Factors Affecting Demand," Land Economics, University of Wisconsin Press, vol. 75(3), pages 453-465.
    5. K. McConnell* & I. Strand & Sebastián Valdés, 1998. "Testing Temporal Reliability and Carry-over Effect: The Role of Correlated Responses in Test-retest Reliability Studies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(3), pages 357-374, October.
    6. Anna Alberini & James R. Kahn (ed.), 2006. "Handbook on Contingent Valuation," Books, Edward Elgar Publishing, number 1893.
    7. Bergstrom, John C. & Taylor, Laura O., 2006. "Using meta-analysis for benefits transfer: Theory and practice," Ecological Economics, Elsevier, vol. 60(2), pages 351-360, December.
    8. Schaafsma, Marije & Brouwer, Roy & Liekens, Inge & De Nocker, Leo, 2014. "Temporal stability of preferences and willingness to pay for natural areas in choice experiments: A test–retest," Resource and Energy Economics, Elsevier, vol. 38(C), pages 243-260.
    9. Swait, Joffre & Adamowicz, Wiktor & Bueren, Martin van, 2004. "Choice and temporal welfare impacts: incorporating history into discrete choice models," Journal of Environmental Economics and Management, Elsevier, vol. 47(1), pages 94-116, January.
    10. De Salvo, Maria & Signorello, Giovanni, 2015. "Non-market valuation of recreational services in Italy: A meta-analysis," Ecosystem Services, Elsevier, vol. 16(C), pages 47-62.
    11. John Rolfe & Brenda Dyack, 2011. "Valuing Recreation in the Coorong, Australia, with Travel Cost and Contingent Behaviour Models," The Economic Record, The Economic Society of Australia, vol. 87(277), pages 282-293, June.
    12. Zandersen, Marianne & Tol, Richard S.J., 2009. "A meta-analysis of forest recreation values in Europe," Journal of Forest Economics, Elsevier, vol. 15(1-2), pages 109-130, January.
    13. Ian J. Bateman & Andrew P. Jones, 2003. "Contrasting Conventional with Multi-Level Modeling Approaches to Meta-Analysis: Expectation Consistency in U.K. Woodland Recreation Values," Land Economics, University of Wisconsin Press, vol. 79(2), pages 235-258.
    14. Robert J. Johnston & Randall S. Rosenberger, 2010. "Methods, Trends And Controversies In Contemporary Benefit Transfer," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 479-510, July.
    15. Rosenberger, Randall S. & Loomis, John B., 2000. "Panel Stratification in Meta-Analysis of Economic Studies: An Investigation of Its Effects in the Recreation Valuation Literature," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(3), pages 459-470, December.
    16. Richard T. Carson & W. Michael Hanemann, & Raymond J. Kopp & Jon A. Krosnick & Robert C. Mitchell & Stanley Presser & Paul A. Rudd & V. Kerry Smith & Michael Conaway & Kerry Martin, 1997. "Temporal Reliability of Estimates from Contingent Valuation," Land Economics, University of Wisconsin Press, vol. 73(2), pages 151-163.
    17. John B. Loomis, 1989. "Test-Retest Reliability of the Contingent Valuation Method: A Comparison of General Population and Visitor Responses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 76-84.
    18. Ulf Liebe & Jürgen Meyerhoff & Volkmar Hartje, 2012. "Test–Retest Reliability of Choice Experiments in Environmental Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(3), pages 389-407, November.
    19. Shrestha, Ram K. & Loomis, John B., 2001. "Testing a meta-analysis model for benefit transfer in international outdoor recreation," Ecological Economics, Elsevier, vol. 39(1), pages 67-83, October.
    20. Ready Richard C. & Whitehead John C. & Blomquist Glenn C., 1995. "Contingent Valuation When Respondents Are Ambivalent," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 181-196, September.
    21. Brander, Luke M. & Van Beukering, Pieter & Cesar, Herman S.J., 2007. "The recreational value of coral reefs: A meta-analysis," Ecological Economics, Elsevier, vol. 63(1), pages 209-218, June.
    22. Ram Shrestha & John Loomis, 2003. "Meta-Analytic Benefit Transfer of Outdoor Recreation Economic Values: Testing Out-of-Sample Convergent Validity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(1), pages 79-100, May.
    23. Brouwer, Roy, 2006. "Do stated preference methods stand the test of time? A test of the stability of contingent values and models for health risks when facing an extreme event," Ecological Economics, Elsevier, vol. 60(2), pages 399-406, December.
    24. Czajkowski, Mikołaj & Barczak, Anna & Budziński, Wiktor & Giergiczny, Marek & Hanley, Nick, 2016. "Preference and WTP stability for public forest management," Forest Policy and Economics, Elsevier, vol. 71(C), pages 11-22.
    25. Rosenberger, Randall S. & Loomis, John B., 2000. "Panel Stratification In Meta-Analysis Of Economic Studies: An Investigation Of Its Effects In The Recreation Valuation Literature," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(3), pages 1-12, December.
    26. Downing, Mark & Ozuna, Teofilo Jr., 1996. "Testing the Reliability of the Benefit Function Transfer Approach," Journal of Environmental Economics and Management, Elsevier, vol. 30(3), pages 316-322, May.
    27. Erda Wang & Ling Zhao & Ying Zhou & Bertis B. Little, 2013. "Valuing Outdoor Recreation Activities Using a Meta-Analysis Model in China: An Empirical Study," Tourism Economics, , vol. 19(2), pages 415-432, April.
    28. Timothy C. Haab & Kenneth E. McConnell, 2002. "Valuing Environmental and Natural Resources," Books, Edward Elgar Publishing, number 2427.
    29. Mattias Boman & Leif Mattsson & Göran Ericsson & Bengt Kriström, 2011. "Moose Hunting Values in Sweden Now and Two Decades Ago: The Swedish Hunters Revisited," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 50(4), pages 515-530, December.
    30. Andrea Ghermandi & Paulo A.L.D. Nunes, 2011. "A Global Map of Coastal Recreation Values: Results From a Spatially Explicit Based Meta-Analysis," Working Papers 2011.39, Fondazione Eni Enrico Mattei.
    31. Frank A. Ward & Diana Beal, 2000. "Valuing Nature with Travel Cost Models," Books, Edward Elgar Publishing, number 1768.
    32. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-719, November.
    33. Ghermandi, Andrea & Nunes, Paulo A.L.D., 2013. "A global map of coastal recreation values: Results from a spatially explicit meta-analysis," Ecological Economics, Elsevier, vol. 86(C), pages 1-15.
    34. Roy Brouwer & Ivana Logar & Oleg Sheremet, 2017. "Choice Consistency and Preference Stability in Test-Retests of Discrete Choice Experiment and Open-Ended Willingness to Pay Elicitation Formats," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(3), pages 729-751, November.
    35. Paul M. Jakus & Becky Stephens & J. Mark Fly, 2006. "Temporal Reliability in Contingent Valuation (with a Restrictive Research Budget)," Chapters, in: Anna Alberini & James R. Kahn (ed.), Handbook on Contingent Valuation, chapter 11, Edward Elgar Publishing.
    36. Gregory L. Poe & Kelly L. Giraud & John B. Loomis, 2005. "Computational Methods for Measuring the Difference of Empirical Distributions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(2), pages 353-365.
    37. Mario F. Teisl & Kevin J. Boyle & Daniel W. McCollum & Stephen D. Reiling, 1995. "Test-Retest Reliability of Contingent Valuation with Independent Sample Pretest and Posttest Control Groups," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(3), pages 613-619.
    38. Gebeyehu Fetene & Søren Olsen & Ole Bonnichsen, 2014. "Disentangling the Pure Time Effect From Site and Preference Heterogeneity Effects in Benefit Transfer: An Empirical Investigation of Transferability," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(4), pages 583-611, December.
    39. J. Price & D. Dupont & W. Adamowicz, 2017. "As Time Goes By: Examination of Temporal Stability Across Stated Preference Question Formats," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(3), pages 643-662, November.
    40. Gregory L. Poe & Eric K. Severance-Lossin & Michael P. Welsh, 1994. "Measuring the Difference (X — Y) of Simulated Distributions: A Convolutions Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(4), pages 904-915.
    41. Marianne Zandersen & Mette Termansen & Frank Søndergaard Jensen, 2007. "Testing Benefits Transfer of Forest Recreation Values over a Twenty-Year Time Horizon," Land Economics, University of Wisconsin Press, vol. 83(3), pages 412-440.
    42. Matthews, Yvonne & Scarpa, Riccardo & Marsh, Dan, 2017. "Stability of Willingness-to-Pay for Coastal Management: A Choice Experiment Across Three Time Periods," Ecological Economics, Elsevier, vol. 138(C), pages 64-73.
    43. Londoño, Luz M. & Johnston, Robert J., 2012. "Enhancing the reliability of benefit transfer over heterogeneous sites: A meta-analysis of international coral reef values," Ecological Economics, Elsevier, vol. 78(C), pages 80-89.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ladenburg, Jacob & Skotte, Maria, 2022. "Heterogeneity in willingness to pay for the location of offshore wind power development: An application of the willingness to pay space model," Energy, Elsevier, vol. 241(C).
    2. Elizabeth E. Perry & Jennifer M. Thomsen & Ashley L. D’Antonio & Wayde C. Morse & Nathan P. Reigner & Yu-Fai Leung & Jeremy Wimpey & B. Derrick Taff, 2020. "Toward an Integrated Model of Topical, Spatial, and Temporal Scales of Research Inquiry in Park Visitor Use Management," Sustainability, MDPI, vol. 12(15), pages 1-21, July.
    3. Mikołaj Czajkowski & Wiktor Budziński & Marianne Zandersen & Wojciech Zawadzki & Uzma Aslam & Ioannis Angelidis & Katarzyna Zagórska, 2024. "The Recreational Value of the Baltic Sea Coast: A Spatially Explicit Site Choice Model Accounting for Environmental Conditions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(1), pages 135-166, January.
    4. Galina Williams, 2022. "Temporal stability of WTP estimates in labeled and unlabeled choice experiment for emissions reduction options, Queensland, Australia," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 24(4), pages 533-550, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lew, Daniel K. & Wallmo, Kristy, 2017. "Temporal stability of stated preferences for endangered species protection from choice experiments," Ecological Economics, Elsevier, vol. 131(C), pages 87-97.
    2. Hynes, Stephen & Armstrong, Claire W. & Xuan, Bui Bich & Ankamah-Yeboah, Isaac & Simpson, Katherine & Tinch, Robert & Ressurreição, Adriana, 2021. "Have environmental preferences and willingness to pay remained stable before and during the global Covid-19 shock?," Ecological Economics, Elsevier, vol. 189(C).
    3. Jie He & Bing Zhang, 2021. "Current Air Pollution and Willingness to Pay for Better Air Quality: Revisiting the Temporal Reliability of the Contingent Valuation Method," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(1), pages 135-168, May.
    4. Galina Williams, 2022. "Temporal stability of WTP estimates in labeled and unlabeled choice experiment for emissions reduction options, Queensland, Australia," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 24(4), pages 533-550, October.
    5. Robert J. Johnston & Kevin J. Boyle & Maria L. Loureiro & Ståle Navrud & John Rolfe, 2021. "Guidance to Enhance the Validity and Credibility of Environmental Benefit Transfers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 575-624, July.
    6. Gebeyehu Fetene & Søren Olsen & Ole Bonnichsen, 2014. "Disentangling the Pure Time Effect From Site and Preference Heterogeneity Effects in Benefit Transfer: An Empirical Investigation of Transferability," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(4), pages 583-611, December.
    7. Richard C. Bishop & Kevin J. Boyle, 2019. "Reliability and Validity in Nonmarket Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(2), pages 559-582, February.
    8. Londoño, Luz M. & Johnston, Robert J., 2012. "Enhancing the reliability of benefit transfer over heterogeneous sites: A meta-analysis of international coral reef values," Ecological Economics, Elsevier, vol. 78(C), pages 80-89.
    9. Rolfe, John & Dyack, Brenda, 2010. "Testing for convergent validity between travel cost and contingent valuation estimates of recreation values in the Coorong, Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(4), pages 1-17.
    10. Schaafsma, Marije & Brouwer, Roy & Liekens, Inge & De Nocker, Leo, 2014. "Temporal stability of preferences and willingness to pay for natural areas in choice experiments: A test–retest," Resource and Energy Economics, Elsevier, vol. 38(C), pages 243-260.
    11. De Salvo, Maria & Signorello, Giovanni, 2015. "Non-market valuation of recreational services in Italy: A meta-analysis," Ecosystem Services, Elsevier, vol. 16(C), pages 47-62.
    12. Hynes, Stephen & Ghermandi, Andrea & Norton, Daniel & Williams, Heidi, 2018. "Marine recreational ecosystem service value estimation: A meta-analysis with cultural considerations," Ecosystem Services, Elsevier, vol. 31(PC), pages 410-419.
    13. Robert Johnston & Klaus Moeltner, 2014. "Meta-Modeling and Benefit Transfer: The Empirical Relevance of Source-Consistency in Welfare Measures," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(3), pages 337-361, November.
    14. Kuller, M. & Beutler, P. & Lienert, J., 2023. "Preference change in stakeholder group-decision processes in the public sector: Extent, causes and implications," European Journal of Operational Research, Elsevier, vol. 308(3), pages 1268-1285.
    15. J. Price & D. Dupont & W. Adamowicz, 2017. "As Time Goes By: Examination of Temporal Stability Across Stated Preference Question Formats," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(3), pages 643-662, November.
    16. Schägner, Jan Philipp & Brander, Luke & Paracchini, Maria Luisa & Maes, Joachim & Gollnow, Florian & Bertzky, Bastian, 2018. "Spatial dimensions of recreational ecosystem service values: A review of meta-analyses and a combination of meta-analytic value-transfer and GIS," Ecosystem Services, Elsevier, vol. 31(PC), pages 395-409.
    17. Wanggi Jaung & Louis Putzel & Gary Q. Bull & Diswandi Diswandi & Witardi & Markum, 2019. "Temporal Reliability of Willingness to Pay for Payments for Environmental Services: Lessons from Lombok, Indonesia," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 5(04), pages 1-22, October.
    18. Newbold, Stephen C. & Johnston, Robert J., 2020. "Valuing non-market valuation studies using meta-analysis: A demonstration using estimates of willingness-to-pay for water quality improvements," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
    19. Hynes, S. & Ghermandi, A. & Norton, D. & Williams, H., 2017. "Marine Recreational Ecosystem Service Value Meta-Analysis," Working Papers 266404, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    20. Richardson, Leslie & Loomis, John & Kroeger, Timm & Casey, Frank, 2015. "The role of benefit transfer in ecosystem service valuation," Ecological Economics, Elsevier, vol. 115(C), pages 51-58.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:159:y:2019:i:c:p:75-83. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolecon .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.