Location differences in communities’ preferences for environmental improvements in selected NSW catchments: A Choice Modelling approach
To elicit household willingness to pay (WTP) for improvements in environmental quality in three NSW catchments (Lachlan, Namoi and Hawkesbury-Nepean), a choice modelling (CM) study was conducted.This report presents results of research designed to investigate variations in WTP across different communities. The communities included local residents, distant/urban and distant/rural residents. Nine split samples were established to test for ‘location effects’. The analysis involved both conditional logit and random-parameters logit models. Natural resource management (NRM), including Catchment Management Authorities (CMAs), can use the non-market values obtained from this study to guide their investment decisions. Key words: Choice modelling, location effects, non-market valuation, catchment planning, environment
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- Martin van Bueren & Jeff Bennett, 2004. "Towards the development of a transferable set of value estimates for environmental attributes -super-," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(1), pages 1-32, 03.
- van Bueren, Martin & Bennett, Jeffrey W., 2001.
"Towards the development of a transferable set of value estimates for environmental attributes,"
2001 Conference (45th), January 23-25, 2001, Adelaide
125993, Australian Agricultural and Resource Economics Society.
- van Bueren, Martin & Bennett, Jeffrey W., 2004. "Towards the development of a transferable set of value estimates for environmental attributes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(1), March.
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