Investigating distance effects on environmental values: A choice modelling approach
No WP7M05, Murray-Darling Program Working Papers from Risk and Sustainable Management Group, University of Queensland
This paper describes a Choice Modelling experiment set up to investigate the relationship between distance and willingness to pay for environmental quality changes. The issue is important for the estimation and transfer of benefits. So far the problem has been analysed through the use of Contingent Valuation-type of experiments, producing mixed results. The Choice Modelling experiment allows testing distance effects on parameters of environmental attributes that imply different trade-offs between use and non-use values. The sampling procedure is designed to provide a Ògeographically balancedÓ sample. Several specifications of the distance covariate are compared and distance effects are shown to take complex shapes. Welfare analysis also shows that disregarding distance produces under-estimation of individual and aggregated benefits and losses, seriously hindering the reliability of costbenefit analyses.
Keywords: choice Modelling techniques; distance; aggregation; sampling; functional forms. (search for similar items in EconPapers)
JEL-codes: Q51 Q58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-dcm, nep-ecm, nep-env, nep-int, nep-tur and nep-ure
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Journal Article: Investigating distance effects on environmental values: a choice modelling approach (2007)
Journal Article: Investigating distance effects on environmental values: a choice modelling approach * (2007)
Working Paper: Investigating Distance Effects on Environmental Values: A Choice Modelling Approach (2006)
Working Paper: Investigating distance effects on environmental values: A choice modelling approach (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:rsm:murray:m05_7
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