Controlling for Biases in Primary Valuation Studies: A Meta-analysis of International Coral Reef Values

Sabah Abdullah and Randall S. Rosenberger
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Sabah Abdullah: Fondazione Eni Enrico Mattei, Italy, University of Bath, Department of Economics, United Kingdom
Randall S. Rosenberger: Oregon State University, College of Forestry, USA

No 2012.72, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This paper updates the existing meta-analysis in coral reef recreation taking into account the previous work of Brander et al. (2007) but considering some stated preference biases and/or effects. The present meta-analysis uses twice the number of observations as the previous one and sheds more light in understanding the influence of these common biases and/or effects found in valuations. The results show the common biases/effects in varied methodology types significantly influence the willingness to pay (WTP) estimates and in turn this has implications in welfare and benefit transfer at local, regional and global levels.

Keywords: Meta-analysis; Coral Ecosystem; Valuation; Willingness to Pay; Biases (search for similar items in EconPapers)
JEL-codes: Q54 Q57 (search for similar items in EconPapers)
Date: 2012-10
New Economics Papers: this item is included in nep-env
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