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...

Trading in carbon emissions is a means of ensuring that supplies with the lowest marginal costs of emissions reduction are commissioned first. To analyse the potential for Mexican suppliers to participate in an emissions trading market, the relative cost-effectiveness of a carbon sequestration...