This paper develops a model of demand estimation in which consumers learn about their true preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently...

This paper investigates the sensitivity of choice experiment values 3AL for ecosystem services to ‘attribute non-attendance’. We consider three cases of attendance, namely that people may always, sometimes, or never pay attention to a given attribute in making their choices. This allows a...

Understanding why environmental problems occur and what best to do about them is much facilitated by an understanding of economics. This book provides an introduction to the subject of environmental economics which does not assume an in-depth prior understanding of economics. Part one explains...

Insufficient sensitivity to scope remains one of the pivots of criticism addressed at validity of stated preference methods. Many studies demonstrate failure of a scope test of some sort, while many others show that WTP responses are sensitive to the scope of environmental change. Despite some...

The paper offers an innovative approach to valuation of biodiversity. Instead of the prevailing approach of using only one indicator of biodiversity (usually number of species) we provide evidence that it is possible to provide attributes describing complex characteristics of biodiversity based...

An understanding of economics is vital to any understanding of why environmental problems occur and what best to do about them. This book provides an introduction to the subject of environmental economics without assuming any in-depth prior knowledge of economics. Part one explains the...

In this paper, we apply the contingent rating method to the problem of estimating a value for leisure time. This is an important component of recreation demand models. A tradition in this literature has been to use some fixed percentage of the wage rate as the value of time. However, time values...

Regulators are often reluctant to rely solely on economic incentives to achieve environmental standards. We evaluate a "mixed approach" of economic instruments and management standards when two environmental objectives need to be met simultaneously: minimum river flow rates and reductions in...

In this paper, we use the choice experiment method to investigate public preferences over alternative management regimes for a top-level predator in UK moorlands, the Hen Harrier. These birds are at the centre of a conflict between moorland managers and conservation organisations. Illegal...

Crofting is a low intensity agricultural system restricted to the Highlands and Islands of northern Scotland typified by small scale mixed livestock production and rotational cropping activities. As with other low intensity farming systems across Europe, crofting is changing in response to a...