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The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker's (1965) by using a combination of revealed and stated...
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We argue that the literature concerning the valuation of non-market, spatially defined goods (such as those provided by the natural environment) is crucially deficient in two respects. First, it fails to employ a theoretically consistent structural model of utility to the separate and hence...
Persistent link: https://www.econbiz.de/10003799915
This paper seeks to address the problem of conveying changes in open-water quality to the public within surveys such as within stated preference valuation studies. This is achieved through the creation of a new water quality ladder designed to address both the use value issues which have...
Persistent link: https://www.econbiz.de/10003843705
The paper presents results from a four year study of the economic and ecological potential for implementation of conservation schemes within the rapidly expanding palm oil plantations of South East Asia. Unparalleled access to financial records combined with a highly intensive ecological data...
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