Valuing the Multiple Impacts of Pesticide Use in the UK: A Contingent Ranking Approach
Vivien Foster and
Susana Mourato ()
Journal of Agricultural Economics, 2000, vol. 51, issue 1, 1-21
Abstract:
The contingent ranking method was used to estimate the value of the human health and biodiversity impacts associated with pesticide applications, using a “green” consumer product as a payment vehicle. Specification testing showed that the standard conditional logit model provides a representation of these data preferable to the rank‐ordered logit variant. The resulting estimates ‐ which perform well in terms of standard validity tests ‐ show that, on average, consumers are only willing to tolerate between six and eight cases of human illness to save an entire species of farmland birds.
Date: 2000
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https://doi.org/10.1111/j.1477-9552.2000.tb01206.x
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jageco:v:51:y:2000:i:1:p:1-21
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