The ways in which economists value natural resources has been, and continues to be, a constantly evolving process. At first, only transactions that took place in the marketplace were considered. However, it was not long until it was realised that this concept was an incomplete way to value...

Using a choice experiment survey this study examines the UK public's willingness to pay to conserve insect pollinators in relation to the levels of two pollination service benefits: maintaining local produce supplies and the aesthetic benefits of diverse wildflower assemblages. Willingness to...

A growing literature in economics uses subjective well-being data collected in surveys as a proxy for utility. Environmental economists have combined these data with the public goods experienced by respondents using a novel non-market valuation approach: the experienced preference approach. In...

We study the heterogeneity of preferences regarding the limited substitutability of environmental public goods vis-a-vis private consumption goods and how it affects the economic valuation of environmental public goods. We show theoretically that mean marginal willingness to pay for an...

Presently, implementing the 2001 Federal Wildland Fire Management Policy, which requires fire management priorities to be set on the basis of maximising the market and non-market values to be conserved or enhanced, is extremely challenging because those charged with implementing the policy have...

We use contingent behavior analysis to study the effects of pfiesteria-related fish kills on the demand for seafood in the Mid-Atlantic region. We estimate a set of demand difference models based on individual responses to questions about seafood consumption in the presence of fish kills and...

Lake Hume is a significant water storage located at the headwaters of the River Murray. It provides irrigation water, urban water supplies, flood mitigation and recreational benefits to a large and economically significant region. Water quality in Lake Hume has recently been the subject of...

The non-market component of forest standing value is considered by many to exceed the value of market goods from the forest, but this part of forest standing value is usually omitted from economic models that are used to determine the optimal forest rotation. These models therefore produce...

Presently, implementing the 2001 Federal Wildland Fire Management Policy, which requires fire management priorities to be set on the basis of maximising the market and non-market values to be conserved or enhanced, is extremely challenging because those charged with implementing the policy have...

Protected undeveloped areas are an important tool for land conservation in developing nations. Efficient land allocation decisions and resource management requires knowledge of non-market benefits. Using travel cost and contingent valuation data from on-site interviews and secondary data on...