Embedding effects in choice experiment valuations of environmental preservation projects

Jette Bredahl Jacobsen, Thomas Lundhede, Louise Martinsen, Berit Hasler and Bo Thorsen

Ecological Economics, 2011, vol. 70, issue 6, 1170-1177

Abstract: This paper addresses the question, whether attribute values derived from a CE study of one nature restoration and preservation project depend on the overall scale of nature preservation activities in which it is embedded. A split-sample CE study was undertaken in which a particular nature preservation project was evaluated in three plausible and strictly different embedding contexts. Respondents' attention was drawn to a varying number of forthcoming substitute preservation projects to be implemented prior to the one in question. Results show that while WTP for the project in focus is sensitive to the presentation of substitute projects as such, there does not seem to be any clear and unidirectional relationship between WTP and the number of substitute projects. Furthermore, effects vary across the project's attributes.

Keywords: Substitution; effects; Biodiversity; Archaeological; preservation; Recreational; access (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:70:y:2011:i:6:p:1170-1177

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