This paper contrasts the discovered preference hypothesis against the theory of coherent arbitrariness in a split-sample stated choice experiment on flood risk exposure in the Netherlands. A semi-parametric local multinomial logit model (L-MNL) is developed as an alternative to the Swait and...

We develop and test guidance principles for benefits transfers. These argue that when transferring across relatively similar sites, simple mean value transfers are to be preferred but that when sites are relatively dissimilar then value function transfers will yield lower errors. The paper also...

The paper outlines a programme of research funded under the Rural Economy and Land Use (RELU) programme. The proposed research will examine the likely effects of the Water Framework Directive (WFD) in terms of both its impacts upon the farming sector and the non-market benefits it may generate....

A contingent valuation study is conducted to estimate willingness to pay (WTP) for reducing the risks of skin cancer arising from exposure to solar UV light in New Zealand, where skin cancer incidence rates are among the highest in the world. A split sample design contrasts dichotomous choice...

While meta-analysis is typically used to identify value estimates for benefit transfer, applications also provide insights into the potential influence of methodological design characteristics on results of non-market valuation experiments. In this paper, a meta-analysis of nineteen choice...

1. Introduction -- 2. Economic criteria for water allocation and valuation -- 3. Water as an economic good -- 4. Appraising flood control investments in the UK -- 5. Cost-benefit analysis and flood control policy in the Netherlands -- 6. Cost-benefit analysis of river restoration in Denmark --...

The extensive destruction of wetlands across Europe represents a significant loss of biodiversity along with its related economic, cultural, ethical and scientific benefits. This volume addresses the critical issues surrounding this environmental change process, employing a range of analytical...

The main objective of this study is to account for spatial preference variability in the economic valuation of water quality improvements in the river basin context. This is expected to be particularly relevant for the implementation of the European WFD, as it will involve spatially...