Are non-use values distance-independent? Identifying the market area using a choice modelling experiment

Giovanni Concu

No 149850, Risk and Sustainable Management Group Working Papers from University of Queensland, School of Economics

Abstract: This article tests for the effect of distance on non-use values using a Choice Modelling (CM) experiment. Estimating a distance decay relationship for non-use values (NUVs) is important because it would define the market area for an environmental good, i.e. identify the limits for aggregating individual benefit estimates. In contrast to the common definition of NUVs as non-usersÕ values, the CM experiment designs the environmental attributes so that NUV changes can be disentangled from Use Value (UV) changes. The experiment also allows for testing different specification of the distance covariates. Data are obtained from a geographically representative sample. Results show that NUVs do not depend on distance. Aggregation of NUVs is based on income and individualsÕ environmental attitudes.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 34
Date: 2005
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Citations: View citations in EconPapers (3)

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Working Paper: Are non-use values distance-independent? Identifying the market area using a choice modelling experiment (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uqsers:149850

DOI: 10.22004/ag.econ.149850

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