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We develop and apply a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework (Becker 1965), and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...
Persistent link: https://www.econbiz.de/10014088437
This has demonstrated the rationale for allowing for winners and losers contingent valuation. In addition, it has shown how appropriate measures of welfare gains as well as loses can be elicited in dichotomous choice contingent valuation.
Persistent link: https://www.econbiz.de/10005783295
“Cultural heritage” defines something inherited from the past that has a certain cultural significance. The closeness between economists and heritage valuation experts is relatively recent and is due both to comprehending, by the last, that resources are limited and costly, and to economists...
Persistent link: https://www.econbiz.de/10010901681
Persistent link: https://www.econbiz.de/10001788944
Persistent link: https://www.econbiz.de/10002155085
In this paper we estimate the income elasticity of demand for recreational services and <p> other traditional groups of goods in Sweden and test for potential changes in such <p> estimates over the twentieth century. Due to the difficulty of directly observing the <p> demand for recreational services, we...</p></p></p>
Persistent link: https://www.econbiz.de/10005198010
The natural capital is an important part of the national wealth. However, we haven't yet had its appropriate evaluation in many cases (including the ecosystems of natural protected areas). As a consequence what we normally measure as the national wealth or total capital is a small part of what...
Persistent link: https://www.econbiz.de/10004968765
We conduct a meta-analysis (MA) of around 100 studies valuing nature conservation in Asia and Oceania. Dividing our dataset into two levels of heterogeneity in terms of good characteristics (endangered species vs. nature conservation more generally) and valuation methods, we show that the degree...
Persistent link: https://www.econbiz.de/10005836810
If local communities living adjacent to the elephant see it as a burden, then they cannot be trusted to be its stewards. To assess their valuation of it, a CVM study was conducted for one CAMPFIRE district in Zimbabwe. Respondents were classi…ed according to their preferences over the...
Persistent link: https://www.econbiz.de/10008472093
I derive the value of marginal changes in a public good for two-person households, measured alternatively by household member i’s willingness to pay (WTP) for the good on behalf of the household, WTPi(H), or by the sum of individual WTP values across family members, WTP(C). Households are...
Persistent link: https://www.econbiz.de/10005004404