Competition for the ground water resource is often intense, but little attention is sometimes paid to the values derived from extra-market uses of the resource. This paper presents the results of two valuation studies undertaken in New Zealand. One study assesses the values obtained by the...

Payment cards, which identify upper and lower bounds on individual willingness to pay, are one approach to improve efficiency over the popular dichotomous choice approach to contingent valuation. This paper reports a split sample test of the impacts on benefit estimates and efficiency arising...

Non-market valuation techniques have often been transferred to developing countries without taking into account their social, economic, political and cultural settings. For instance, the same kind of elicitation method is applied in developing countries, although many of the respondents are...

This paper presents estimates of the benefits of clearing landmines in two provinces in rural Cambodia using the contingent-valuation (CV) method. The data came from a survey where we asked respondents referendum-type questions that elicit their willingness to pay for landmine clearance. The...

This paper explores the extent and nature of anchoring and shift effects in a double-bounded contingent valuation of recreational fishing in Tasmania’s inshore saltwater fishery. In particular we model the situation where respondents, when answering the second valuation question, evaluate the...

This paper explores the extent and nature of anchoring and shift effects in a double-bounded contingent valuation of recreational fishing in Tasmania’s inshore saltwater fishery. In particular we model the situation where respondents, when answering the second valuation question, evaluate the...

In most urban cities across Australia, water restrictions remain the dominant policy mechanism to restrict urban water consumption. The extensive adoption of water restrictions over several years means that Australian urban water prices have consistently not reflected the opportunity cost of...

The Daintree Rainforest is a prime attraction for Tropical North Queensland as a tourist destination. Visitation of the rainforest, specifically the Cape Tribulation section, has increased rapidly as impediments to self-drive access have been removed. This paper examines the potential for the...

Issues concerning the long-term environmental and health risks associated with the production of genetically modified foods remain highly topical in Australia. It is unclear how consumers values for a precautionary approach to the release of genetically modified crops compares to the opportunity...

The sources of preference uncertainty in contingent valuation (CV) studies have rarely been investigated from a theoretical standpoint. This paper proposes a holistic theoretical framework of preference uncertainty that combines microeconomic theory with the theories of cognitive psychology....