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. The Choice Modelling experiment allows testing distance effects...

A forestry industry based on the native Darwin stringybark forests of Cape York Peninsula has been identified as a potential generator of employment and income for Wik people. Information appropriate for examining potential Wik timber utilisation strategies is scarce, necessitating primary data...

In the past year, climate change has moved from political controversy to political consensus; at least, in relation for price-based policies the need to limit emissions. Uncertainties remain but with both major parties proposing to develop an emissions trading regime, it is timely to highlight...

In this paper we consider the problem of accommodating indigenous cultural heritage values in resource assessment and valuation. We suggest a need for price-based approaches to valuation to be replaced by or complemented with quantitative constraints, reflecting the requirement that rights...

We present a definition of increasing uncertainty, in which an elementary increase in the uncertainty of any act corresponds to the addition of an `elementary bet' that increases consumption by a fixed amount in (relatively) `good' states and decreases consumption by a fixed (and possibly...

The willingness to pay (WTP)/willingness to accept (WTA) disparity raises serious questions about preference elicitation techniques based on the Hicksian model of decision-making. In this paper we investigate the possibility of incorporating the strategies suggested by Plott and Zeiler (2005) in...

Quiggin and Chambers have introduced the notion of invariant preferences, and shown that the only invariant expected-utility functionals are those associated with a quadratic utility function. This note identifies the class of preferences which simultaneously satisfy invariance, two-fund...

Australia is the world's driest continent and the intensity of conflict over water and water management has been increasing , especially in rural areas. By focussing on the recent federalist compact, National Wa ter Initiative (NWI), we explore the use of market and property rights instruments...

In this paper we experiment with an original format of a Choice Modelling questionnaire developed to capture preferences from respondents with different property right frame of references. The format includes both WTP and WTA choice alternatives for native vegetation management. It is well...

High population pressure and the rapid pace of human activity including urbanization, industrialization and other economic activities have led to a dwindling supply of arable land per capita and a process of agricultural intensification in South Asia. While this process has significantly...