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Controlling for Biases in Primary Valuation Studies: A Meta-analysis of International Coral Reef Values

Author

Listed:
  • Sabah Abdullah

    (Fondazione Eni Enrico Mattei, Italy, University of Bath, Department of Economics, United Kingdom)

  • Randall S. Rosenberger

    (Oregon State University, College of Forestry, USA)

Abstract

This paper updates the existing meta-analysis in coral reef recreation taking into account the previous work of Brander et al. (2007) but considering some stated preference biases and/or effects. The present meta-analysis uses twice the number of observations as the previous one and sheds more light in understanding the influence of these common biases and/or effects found in valuations. The results show the common biases/effects in varied methodology types significantly influence the willingness to pay (WTP) estimates and in turn this has implications in welfare and benefit transfer at local, regional and global levels.

Suggested Citation

  • Sabah Abdullah & Randall S. Rosenberger, 2012. "Controlling for Biases in Primary Valuation Studies: A Meta-analysis of International Coral Reef Values," Working Papers 2012.72, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2012.72
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    References listed on IDEAS

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    More about this item

    Keywords

    Meta-analysis; Coral Ecosystem; Valuation; Willingness to Pay; Biases;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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