Investments in renewable energy, such as new wind farms and hydro schemes, are being promoted as a new means of diversifying rural employment in Scotland*. However, such investments are associated with a range of environmental impacts which might be detrimental to other economic activities, such...

The aim of BT techniques is to provide decision makers with a monetary valuation of environmental goods and service in a cost-effective and timely manner, since original valuation studies are both expensive and time-consuming. Demands for environmental valuation estimates are rising in the...

Hill farming in UK is experiencing very difficult economic circumstances and many farmers rely on subsidies provided by the government for a large fraction of their income. The Peak District National Park is used as a case study to examine how farmers might respond to current policy changes �...

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 stated preference work is that...

The Environmental Kuznets Curve (EKC) hypothesis focuses on the argument that rising prosperity will eventually be accompanied by falling pollution levels as a result of one or more of three factors: (1) structural change in the economy; (2) demand for environmental quality increasing at a...

In this paper we examine whether cost–benefit analysis is anomaly-susceptible or anomaly-proof. To do this, we address four questions. These are, which anomalies, or problems seem most troublesome for CBA? What coping strategies does the analyst adopt to address these problems? Do these...

Stated choice models based on the random utility framework are becoming increasingly popular in the applied economics literature. The need to account for respondents' preference heterogeneity in such models has motivated researchers in agricultural, environmental, health, and transport economics...

This paper we outline the “choice experiment” approach to environmental valuation. This approach has its roots in Lancaster's characteristics theory of value, in random utility theory and in experimental design. We show how marginal values for the attributes of environmental assets, such as...

This paper considers the problem areas found in applying cost-benefit analysis (CBA) to projects involving environmental costs or benefits. This is particularly relevant given recent moves by the UK government to include environmental valuations in CBA exercises, and in other related appraisal...