This paper addresses the issue of rationality of responses in contingent valuation. We found a significant portion of respondents stated a positive willingness-to-pay for a project they perceived to be worthless. The irrational responses had a significant impact on the mean stated...

In this paper, we develop an empirical test of consistency in contingent willingness to pay (WTP) responses, which is based on the following a priori expectation. In economics, when an individual considers paying for public goods, his decision to pay, and his WTP are based on utility-maximising...

Rural development programs (RDPs) are currently envisaged as a means to foster the provision of a broad range of non-commodity outputs emanating from multifunctional rural environments. This paper presents a Contingent Valuation survey that analyses individuals’ perceptions of and willingness...

Frankincense from Boswellia papyrifera forest (BPF) is a traded non timber forest product (NTFP) used in pharmaceutical, food, cosmetic and chemical industries. However, the resource in northeastern Africa is under continuous degradation and requires conservation measures. Data from a discrete...

In this research farmers’ stated preferences towards water markets are analysed. The research aims to underline determinants of farmers’ attitudes towards allocation trading considering two water availability scenarios: average and drought year. A survey with 241 farmers in Guadalquivir and...

Under the Spanish conservation law, compensation is envisaged for the damage associated with all actions that reduce the quantity or quality of protected areas and species. This paper provides a tool to evaluate the monetary equivalent of this damage. We conduct a contingent valuation exercise...

The widespread use of pesticides in agriculture provides a particularly complex pattern of multidimensional negative side-effects, ranging from food safety related effects to the deterioration of farmland ecosystems. The assessment of the economic implications of such negative processes is...

The aim of this study is to evaluate both qualitatively and quantitatively the value of new information about and the information systems set for credence characteristics of beef. Economics of information is our theoretical framework. The quantitative approach focuses to measure the ex ante...

In periurban areas agriculture can assume a multifunctional role that includes landscape conservation, sustainable resource management, biodiversity conservation, leisure activities, and can also maintain adequate conditions in densely populated areas for a safe and habitable environment. This...

This paper assesses the economic value of changes in the attributes of farmers’ irrigation water property rights in Tunisia. Changes on attributes generated by the transfer process of the property rights from the collective to the individual level in addition to changes in “constitutional”...