Estimates of environmental values are frequently required as inputs to cost‐benefit analyses when evaluating alternative options for managing natural resources. One strategy to avoid the high cost of conducting empirical work when non‐market values are involved is to use value estimates from...

Welfare economics is often employed to measure the impact of economic policies or externalities. When demand is characterized by discrete choices, static models of consumer demand are employed for this type of analysis because of the difficulty in estimating dynamic discrete choice models. In...

Estimates of environmental values are frequently required as inputs to cost-benefit analyses when evaluating alternative resource use options. One strategy to avoid the high cost of conducting empirical work when non-market values are involved is to use value estimates from an existing study and...

Recreational fishing is one of the most popular forms of outdoor recreation in Australia, involving approximately a third of the population. As such, the recreational sector is a significant user of fish stocks and coastal areas. Allocating resources fairly and efficiently between recreational...

Over the past year or so, the concept of developing markets for environmental services has attracted unprecedented attention in Australia. For example, environmental credit trading is gaining currency as a potential mechanism for managing dryland salinity, biodiversity, and preserving native...

Hydrologists predict that salinity in the agricultural region of Western Australia will eventually affect an average of 30 percent of the landscape if nothing is done to reduce current levels of recharge. The scale of tree planting and other works thought to be required for controlling salinity...