IDEAS home Printed from https://ideas.repec.org/p/ags/aare07/10359.html
   My bibliography  Save this paper

Comparing choice models of river health improvement for the Goulburn River

Author

Listed:
  • Kragt, Marit Ellen
  • Bennett, Jeffrey W.
  • Lloyd, Chris
  • Dumsday, Robert G.

Abstract

The extent of the benefits of improved river health remain uncertain. Quantifying these benefits is useful in prioritising policy investments. This study uses the Choice Modelling technique to estimate the value that households attach to attributes of improved river health. Data from a choice modelling survey supported by DSE Victoria are employed to elicit household preferences in a case study of the Goulburn River. Results from conditional and nested logit model specifications indicate that respondents hold positive values for higher levels of fish and bird populations and for increasing riverside vegetation. The standard Hausman test for Independence-from-Irrelevant-Alternatives (IIA) assumptions violations is found to give inconsistent results. The value estimates of the conditional and nested logit models are shown to be statistically similar indicating that testing for IIA violation may be more complicated than currently assumed thus raising questions about the efficacy of the more complex nested logit model.

Suggested Citation

  • Kragt, Marit Ellen & Bennett, Jeffrey W. & Lloyd, Chris & Dumsday, Robert G., 2007. "Comparing choice models of river health improvement for the Goulburn River," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10359, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare07:10359
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/10359
    Download Restriction: no

    Citations

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


    Cited by:

    1. John Rolfe & Roy Brouwer, 2011. "Testing for value stability with a meta-analysis of choice experiments: River health in Australia," Environmental Economics Research Hub Research Reports 1095, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
    2. Roy Brouwer, 2009. "Multi-Attribute Choice Modeling of Australia’s Rivers and Wetlands: A Meta-Analysis of Ten Years of Research," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-05, CSIRO Sustainable Ecosystems.
    3. repec:eee:ecolec:v:144:y:2018:i:c:p:65-72 is not listed on IDEAS
    4. Rolfe, John & Brouwer, Roy, 2011. "Testing for value stability with a meta-analysis of choice experiments: River health in Australia," Research Reports 107744, Australian National University, Environmental Economics Research Hub.

    More about this item

    Keywords

    Cheap talk; choice modelling; Mekong River Delta; wetland values; willingness to pay; Resource /Energy Economics and Policy; Q25;

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

    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:ags:aare07:10359. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaresea.html .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.