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Estimating the Value of Achieving ‘Good Ecological Status’ under the Water Framework Directive in the Boyne River Catchment: A Mixed Multinomial Logit Approach

Listed author(s):
  • Stithou, Mavra
  • Hynes, Stephen
  • Hanley, Nick
  • Campbell, Danny

Following the implementation of the Water Framework Directive (WFD), integrated catchment management plans must be prepared for all river basins in order to achieve ‘Good Ecological Status’ (GES) in all EU waters. This concept is a broader measure of water quality than the chemical and biological measures which were previously dominant in EU water policy. The directive also calls for a consideration of the economic costs and benefits of improvements to the water bodies’ ecological status in catchment management plans, along with the introduction of full social cost pricing for water use. In this paper, the Choice Experiment (CE) method of valuation is used to estimate the value of improvements in a number of components of ecological status in the Boyne river catchment in Ireland. The study determines what value the targeted population of the catchment place on the non-market economic benefits of moves towards GES. In addition, the effect of various factors of observed individual heterogeneity on choice is explored.

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File URL: http://purl.umn.edu/148928
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Paper provided by Socio-Economic Marine Research Unit, National University of Ireland, Galway in its series Working Papers with number 148928.

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Date of creation: 2011
Handle: RePEc:ags:semrui:148928
Contact details of provider: Web page: http://www.nuigalway.ie/semru/index.html

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  9. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
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  11. Stephen Hynes & Danny Campbell & Peter Howley, 2011. "A Holistic vs. an Attribute‐based Approach to Agri‐Environmental Policy Valuation: Do Welfare Estimates Differ?," Journal of Agricultural Economics, Wiley Blackwell, vol. 62(2), pages 305-329, 06.
  12. David Hensher & William Greene, 2003. "The Mixed Logit model: The state of practice," Transportation, Springer, vol. 30(2), pages 133-176, May.
  13. 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.
  14. Spash, Clive L. & Urama, Kevin & Burton, Rob & Kenyon, Wendy & Shannon, Peter & Hill, Gary, 2009. "Motives behind willingness to pay for improving biodiversity in a water ecosystem: Economics, ethics and social psychology," Ecological Economics, Elsevier, vol. 68(4), pages 955-964, February.
  15. John Lawlor & Colm McCarthy & Sue Scott, 2007. "Investment in water infrastructure: Findings from an economic analysis of a national programme," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 50(1), pages 41-63.
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