The Value of achieving Good Environmental Status in the North East Atlantic using Contingent Valuation and Value Transfer
Daniel Norton and
No 266406, Working Papers from National University of Ireland, Galway, Socio-Economic Marine Research Unit
This paper uses a combination of the contingent valuation method (CVM) and value transfer (VT) to estimate the non-market benefit values associated with the achievement of good (marine) environmental status (GES) as specified in the EU Marine Strategy Framework Directive (MSFD) for Atlantic member states. The increased use of geographic information systems in VT means that many VT exercises now include spatial elements such as distance decay and population density. This paper explores the impact of distance decay on welfare estimates as well as the impact of the modifiable area unit problem when population density is included as an explanatory variable. These issues can have a large effect on a VT estimate. In this study the overall value for achieving GES for Atlantic member states varied between €2.37 billion and €3.64 billion. It was found that the different distance decay specifications changed values between -3% and 82% with a mean absolute difference of 25% and by adjusting the spatial scale in an effort to overcome the MAUP changed aggregate values between 13% and 25% with a mean of 17%.
Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://ageconsearch.umn.edu/record/266406/files/T ... Value%20Transfer.pdf (application/pdf)
https://ageconsearch.umn.edu/record/266406/files/T ... r.pdf?subformat=pdfa (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:semrui:266406
Access Statistics for this paper
More papers in Working Papers from National University of Ireland, Galway, Socio-Economic Marine Research Unit Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().