Contingent valuation versus choice experiments : estimating the benefits of environmentally sensitive areas in Scotland

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dc.contributor.author Hanley, Nick
dc.contributor.author Macmillan, Douglas
dc.contributor.author Wright, Robert E.
dc.contributor.author Bullock, Craig
dc.contributor.author Simpson, Ian
dc.contributor.author Parsisson, Dave
dc.contributor.author Crabtree, Bob
dc.date.accessioned 2009-02-05T15:13:29Z
dc.date.available 2009-02-05T15:13:29Z
dc.date.copyright 1998 The Agricultural Economics Society en
dc.date.issued 1998
dc.identifier.citation Journal of Agricultural Economics en
dc.identifier.issn 0021-857X
dc.identifier.uri http://hdl.handle.net/10197/840
dc.description.abstract This paper reports results from a study of the economic value of the conservation benefits of Environmentally Sensitive Areas (ESAs) in Scotland. The main novelty of the approach taken is in comparing two direct valuation methods, namely contingent valuation and choice experiments, to value these benefits. The Contingent Valuation Method (CVM) is well-established as a technique for valuing the sorts of landscape and wildlife enhancements associated with ESAs. The CVM experiment reported here uses a dichotomous choice format, and includes a new correction for part-whole bias. Choice experiments are much less used as an environmental valuation technique. We note several advantages of such experiments over CVM, and then report characteristic values and 'programme values' estimated using the method. This application brings to light some problems in applying the choice experiment method. Finally, we discuss the issue of benefits transfer in the context of these two approaches to valuation. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Blackwell en
dc.subject.lcsh Environmentally sensitive areas--Scotland en
dc.subject.lcsh Environmentally sensitive areas--Economic aspects en
dc.subject.lcsh Contingent valuation en
dc.title Contingent valuation versus choice experiments : estimating the benefits of environmentally sensitive areas in Scotland en
dc.type Journal Article en
dc.internal.authorurl Craig Bullock (web page) en
dc.internal.authorurl http://www.ucd.ie/research/people/geogplanningenvpolicy/drcraighbullock/ en
dc.internal.authorid UCD0032 en
dc.internal.availability Full text not available en
dc.internal.webversions Publisher's version en
dc.internal.webversions http://dx.doi.org/10.1111/j.1477-9552.1998.tb01248.x en
dc.status Peer reviewed en
dc.identifier.volume 49 en
dc.identifier.issue 1 en
dc.identifier.startpage 1 en
dc.identifier.endpage 15 en
dc.identifier.doi 10.1111/j.1477-9552.1998.tb01248.x
dc.neeo.contributor Hanley|Nick|aut|
dc.neeo.contributor Macmillan|Douglas|aut|
dc.neeo.contributor Parsisson|Dave|aut|
dc.neeo.contributor Simpson|Ian|aut|
dc.neeo.contributor Wright|Robert E.|aut|
dc.neeo.contributor Bullock|Craig|aut|UCD0032
dc.neeo.contributor Crabtree|Bob|aut|


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