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Valuing Alternative Wetland Management Strategies using Choice Modelling

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  • Whitten, Stuart M.
  • Bennett, Jeffrey W.

Abstract

Decisions regarding the use of natural resources frequently involve multiple options. Assessing each of the available options can be a time consuming and costly process where non-market environmental values relating to the options are to be estimated. Choice Modelling (CM) offers the potential to provide non-market value estimates for an array of alternative natural resource management options from a single data collection exercise. This cost-saving feature arises because CM enables the estimation of values for outcomes as a function of the attributes that characterise the outcomes as well as the socio-demographic features of those whose values are being estimated. The capacity of the technique is demonstrated in this paper through case study applications involving wetland management in the Upper South East of South Australia and the Murrumbidgee Floodplain in NSW.

Suggested Citation

  • Whitten, Stuart M. & Bennett, Jeffrey W., 2001. "Valuing Alternative Wetland Management Strategies using Choice Modelling," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 126063, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare01:126063
    DOI: 10.22004/ag.econ.126063
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    File URL: https://ageconsearch.umn.edu/record/126063/files/Whitten2.pdf
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    References listed on IDEAS

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    1. Rolfe, John & Bennett, Jeffrey W., 2000. "Testing for Framing Effects in Environmental Choice Modelling," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123727, Australian Agricultural and Resource Economics Society.
    2. Whitten, Stuart M. & Bennett, Jeffrey W., 2001. "A Travel Cost Study of Duck Hunting in the Upper South East of South Australia," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 126064, Australian Agricultural and Resource Economics Society.
    3. Whitten, Stuart M. & Bennett, Jeffrey W., 1999. "Farmer Perceptions Of Wetlands And Wetland Management In The Upper South East Of South Australia," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 125038, Australian Agricultural and Resource Economics Society.
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    Cited by:

    1. van Bueren, Martin & Bennett, Jeffrey W., 2001. "Testing alternative questionnaire formats for communicating trade-offs in environmental Choice Modelling," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 125988, Australian Agricultural and Resource Economics Society.

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