Stated preference studies tell respondents that policies create environmental changes with varying levels of uncertainty. However, respondents may include their own a priori assessments of uncertainty when making choices among policy options. Using a choice experiment eliciting...

A key prerequisite to ensure that payment for ecosystem services is effective is that the management measures landowners are paid to undertake are in fact additional to the status quo and hence bring about a change in provision.

Using data from two Choice Experiment environmental valuation surveys we investigate several different ways of handling respondent uncertainty. In both surveys respondents are asked to state their certainty of choice after each single choice set. We evaluate three different recoding-of-answers...

The Faustmann forest rotation model is a celebrated contribution in economics. The model provides a forest value expression and allows a solution to the optimal rotation problem valid for perpetual rotations of even-aged forest stands. However, continuous forest cover forest management systems...

The hedonic pricing method has been used extensively to obtain implicit prices for availability of urban green space, but few hedonic studies have obtained households' preference parameters. We estimate willingness to pay functions for park availability in Copenhagen using an approach that...

We analyse the housing markets in a suburb north of the Danish capital Copenhagen. We find that households sort themselves in relation to nature area. The concentration of affluent households decreases rapidly with distance to nature. This indicates that a welfare change generated by a change in...

What role do people think distributional aspects should play in design of climate policy? The literature assessing climate policies has shown that assumptions regarding peoples' distributional preferences for climate change policy impacts are central for policy assessment, but empirical evidence...

This paper considers optimal investment behaviour when investment options evolve deterministically or stochastically over time and investments are irreversible and indivisible. It extends the standard investment-under-uncertainty set-up with a single investment option to the case of repeated...

A political decision to establish the first ever national parks in Denmark allowed us to examine if people hold preferences regarding which site to be designated as national park, separate from the preferences for its environmental functions. To this end, we designed a choice experiment...