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A bioeconomic model of livestock production from wind-erosive rangelands is developed and optimized. Equations of motion capture the impact of topsoil stock on forage productivity and the protective effect of forage stock on soil loss from wind erosion. For overgrazed wind-erosive rangelands, a...
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In this note we conduct construct validity tests for dichotomous choice (DC) and polychotomous choice (PC) contingent valuation questions. Contrary to previous results, we find that DC and PC estimates of willingness to pay are theoretically valid, convergent valid, and similar in terms of...
Persistent link: https://www.econbiz.de/10005810681
In this paper, we investigate whether people's knowledge of the past influences their preferences and values towards future landscape change. "Knowledge of the past" is one aspect of the information set held by individuals, and a well-established finding in economics is that changes in...
Persistent link: https://www.econbiz.de/10005748780
Hedonic pricing models use property value differentials to value changes in environmental quality. If unmeasured quality attributes of residential properties are correlated with an environmental quality measure of interest, conventional methods for estimating implicit prices will be biased....
Persistent link: https://www.econbiz.de/10009024865
Hedonic pricing models use property value differentials to value changes in environmental quality. If unmeasured quality attributes of residential properties are correlated with an environmental quality measure of interest, conventional methods for estimating implicit prices will be biased....
Persistent link: https://www.econbiz.de/10011043735
This study investigates specific changes in farming practices aimed at reducing wind erosion from cropland in the inner Mongolia Plateau, China, and incorporates the value of dust reduction in downwind regions into a formal cost-benefit framework, both from the farmer's perspective and society's...
Persistent link: https://www.econbiz.de/10005722149
Arguably the greatest challenge to contemporary research is to capture the inter-relatedness and complexity of the real world environment within models so at to better inform decision makers of the accurate and complete consequences of differing options. The paper presents an integrated model of...
Persistent link: https://www.econbiz.de/10011379912
The choice experiment elicitation format confronts survey respondents with repeated choice tasks. Particularly within the context of valuing pure public goods, this repetition raises two issues. First, does advanced awareness of multiple tasks influence stated preferences from the outset, and...
Persistent link: https://www.econbiz.de/10010276523