A hybrid and hierarchical stated preference study of freshwater restoration in Aotearoa New Zealand

Yvonne Matthews

Ecological Economics, 2023, vol. 203, issue C

Abstract: Freshwater quality is multi-dimensional with many interrelated activities, indicators, and demand-relevant values. Environmental managers have a regulatory obligation to invoke social values when deciding on specific restoration activities to fund and must balance values with other criteria. However, it is often difficult to apply non-market values to operational decisions because valuation studies are either not decision-relevant, ecologically irrelevant, incomplete in scope, or not able to be disaggregated to the required spatial scale. This paper describes the design, implementation and results of a stated preference survey strategically positioned to be relevant to freshwater restoration institutions in Aotearoa New Zealand. The study uses a hybrid approach with different measurement methods to measure preferences for crown restoration activities and decompose those preferences by different restoration goals. The recently developed Multiple Discrete-Continuous Nested Extreme Value (MDCNEV) model is used to analyse budget allocation responses. At the most disaggregated level, discrete choice questions are used to evaluate quality and distance trade-offs. The hierarchical approach ensures responses are internally scope-and-scale consistent.

Keywords: Hierarchical; Budget allocation; Freshwater; Multiple discrete-continuous extreme value (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:203:y:2023:i:c:s0921800922002877

DOI: 10.1016/j.ecolecon.2022.107626

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