A Combinatorial Optimization Approach to Nonmarket Environmental Benefit Aggregation via Simulated Populations

Stephen Hynes, Nick Hanley and Cathal O’Donoghue
Authors registered in the RePEc Author Service: Cathal O'donoghue

Land Economics, 2010, vol. 86, issue 2, 345-362

Abstract: This paper considers the use of a "combinatorial optimization" technique in the aggregation of environmental benefit values. Combinatorial optimization is used to statistically match population census data to a contingent valuation survey. The matched survey and census information is then used to produce regional and national total willingness-to-pay figures. These figures are then compared to figures derived using more standard approaches to calculating aggregate environment benefit values. The choice of aggregation approach is shown to have a major impact upon estimates of total benefits at a regional level, especially when the target population displays considerable heterogeneity across space.

JEL-codes: C14 Q51 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (12)

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