Benefit transfer has been an important, practical policy tool appealing to government agencies, especially when time or budget is constrained. However, the existing literature fails to support convergent validity of benefit transfer using the stated-preference method. This empirical study...

Benefit transfer entails using estimates of non-market values derived at one site as approximations to benefits at other sites. The method finds favour because it can be applied quickly and cheaply, however the validity of benefit transfer is frequently questioned. Published studies generally...

Walking tracks with provision for overnight stays exist in many countries. They are a tourism drawcard and some (e.g. the Milford Track in New Zealand) have icon status. In Australia, long-distance tracks exist in most states but had not until recently been developed in north Queensland. The...

Diese Doktorarbeit bewertet und analysiert den Wert der Wälder als Erholungsgebiete (Walderholung) in Europa und berücksichtigt dabei Aspekte von Raum und Zeit für die Bewertung bestehender und neuer Wälder. Die Analyse der Werte, die der Walderholung in Europa beigemessen werden, wird...

EU-Unternehmen müssen seit 2005 entsprechend ihrem CO2-Ausstoß genügend Emissionszertifikate einreichen. Da die Zertifikate frei handelbar sind, stellt sich ihnen CO2 als ein zusätzlicher Produktionsfaktor mit unsicherem Preis dar. Derivative Finanzinstrumente helfen beim Management der...

The CV method estimate the monetary value that specific changes in the provision of goods and services represent for society, which is asked for their Willingness To Pay (WTP) for it, according to their budget and individual preferences, in a survey. The applications of CV are a source of...

The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...

In this paper, we develop an empirical test of consistency in contingent willingness topay (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 arebased on utility-maximising...

In a static setting, willingness to pay for an environmental improvement is equal to compensating variation. However, in a dynamic setting characterized by uncertainty, irreversibility, and the potential for learning, willingness to pay may also contain an option value. In this paper, we...