A Choice Experiment Approach to assess the costs of degradation as specified by the EU Marine Strategy Framework Directive

D. Norton and Stephen Hynes

No 186382, Working Papers from National University of Ireland, Galway, Socio-Economic Marine Research Unit

Abstract: This paper uses the choice experiment methodology to estimate the value of the nonmarket benefits associated with the achievement of good (marine) environmental status (GES) as specified in the EU Marine Strategy Framework Directive (MSFD). The MSFD requires that the “costs of degradation” (the benefits foregone if GES is not achieved) be considered within a broader ‘Economic and Social Assessment’ of the marine environment by EU member states. Assessing the costs of degradation as defined by the MSFD implies that changes in marine ecosystem services provided in each State should be analysed. The results show that there are high values attached with changes to the state of the marine environment by the Irish general public. The results of a random parameters logit model also demonstrate that preferences are heterogeneous, with changes in certain marine attributes generating both positive and negative utility.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 42
Date: 2014
New Economics Papers: this item is included in nep-dcm, nep-env and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:ags:semrui:186382

DOI: 10.22004/ag.econ.186382

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