The Booroolong frog project in the Namoi Catchment represents an environmental investment to protect the species and around 10.7 kilometres of its habitat in the catchment. The project’s benefit-cost ratio (BCR) of 8.6 indicates that the benefits outweigh the costs by a significant margin. The...

A cost-benefit analysis (CBA) of an investment in the protection of malleefowl and associated native vegetation in the Lachlan Catchment’s central-west yielded a benefit-cost ratio of 1.4. The CBA is based on project expenditures over the past four years coupled with benefit estimates from a...

Three axioms underpin consumer choice in neoclassical theory: weak order, independence, and continuity. Two of these axioms may not hold, however, for consumers’ choices regarding genetically modified (GM) food. Consumers may evaluate product attributes differently depending on whether the...

Understanding what influences farmers’ decisions to participate in a voluntary agri-environmental scheme(AES) is essential for gauging scheme success. The Rural Environment Protection Scheme (REPS) was a voluntary AES that was available to all Irish farmers from 1994 to 2009. This paper models...

This article tests for the effect of distance on non-use values using a Choice Modelling (CM) experiment. Estimating a distance decay relationship for non-use values (NUVs) is important because it would define the market area for an environmental good, i.e. identify the limits for aggregating...

The Fitzroy basin in central Queensland is the largest basin in the Great Barrier Reef catchment area. The large quantities of sediment and nutrient export are of concern and come predominantly from diffuse sources in the grazing industry. The focus of the research reported in this paper was on...

The application of stated preference non-market valuation approaches in settings where there are strong cultural differences in environmental perspectives potentially misrepresent strengths of preferences for different groups. This paper reports on a study that measured strength of affiliation...

La necesidad de considerar el valor de bienes sin mercado en distintos contextos, ha llevado al uso de metodos de valoracion basados en preferencias. Estos metodos, a pesar del aporte de informacion que proporcionan, adolecen de ciertas dificultades reconocidas en la literatura economica, entre...

made in one situation to related circumstances. The benefit transfer process is typically reliant on the availability of a number of source studies which have appropriate levels of reliability and relevance to the issue of interest. However, the limited number of non-market valuation studies to...

In the last few years, there has been a growing body of literature on how to detect and deal with the fact that some respondents seem to ignore one or more attributes in a discrete choice experiments. This paper aims to analyse the performance of two econometric approaches devoted to solve this...