As pressures on water resources increase in New Zealand, so does the need for alternative policy approaches that can adequately address the demands of competing interests. This working paper presents the array of different policy instruments available for managing freshwater quality and...

The following compilation is substantially reproduced and adapted from a series of essays that appeared in the blog of the International Water Law Project (internationalwaterlaw.org). The series was solicited in response to the unique recent phenomenon in which a number of courts and...

Estimates of environmental values are frequently required as inputs to cost‐benefit analyses when evaluating alternative options for managing natural resources. One strategy to avoid the high cost of conducting empirical work when non‐market values are involved is to use value estimates from...

According to neoclassical economic theory, a stated preference elicitationformat comprising a single binary choice between the status quo and one alternative isincentive compatible under certain conditions. Formats typically used in choiceexperiments comprising a sequence of discrete choice...

There is a growing body of evidence in the non-market valuation literaturesuggesting that responses to a sequence of discrete choice questions tend to violate theassumptions typically made by analysts regarding independence of responses andstability of preferences. Heuristics such as value...

With increasing industrialisation and urbanisation, more and more of China’s scarce water resources are being transferred from low-value agricultural use to high-value industrial and domestic uses. The challenge now facing decision makers is how to resolve the conflict between increasing food...