The DOI matches its Crossref record; 31 of the 31 references it cites were found in a registry or an index.
Contingent Valuation Versus Choice Experiments: Estimating the Benefits of Environmentally Sensitive Areas in Scotland
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.
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Cites
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Krinsky, I., & Robb, A. L. (1986) · The Review of Economics and Statistics · doi:10.2307/1924536 · Cited by 2,374
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Kahneman, D., & Knetsch, J. L. (1992) · Journal of Environmental Economics and Management · doi:10.1016/0095-0696(92)90019-s · Cited by 1,941
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Diamond, P. A., & Hausman, J. A. (1994) · Journal of Economic Perspectives · doi:10.1257/jep.8.4.45 · Cited by 1,894
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Using Surveys to Value Public Goods: The Contingent Valuation Method
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Cited by
Agricultural sustainability: concepts, principles and evidence
Pretty, J. (2008) · Philosophical Transactions of the Royal Society B: Biological Sciences · doi:10.1098/rstb.2007.2163 · Cited by 1,941
Using Choice Experiments to Value the Environment
Hanley, N., Wright, R. E., & Adamowicz, V. (1998) · Environmental and Resource Economics · doi:10.1023/a:1008287310583 · Cited by 1,051
Self-citationFarm costs and food miles: an assessment of the full cost of the UK weekly food basket
Pretty, J. N., Ball, A. S., Lang, T., & Morison, J. I. L. (2005) · Food Policy · doi:10.1016/j.foodpol.2005.02.001 · Cited by 516
Valuing the attributes of renewable energy investments
Bergmann, A., Hanley, N., & Wright, R. (2006) · Energy Policy · doi:10.1016/j.enpol.2004.08.035 · Cited by 467
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Metadata
- Authors
- Hanley, N., MacMillan, D., Wright, R. E., Bullock, C., Simpson, I., Parsisson, D., & Crabtree, B.
- Venue
- Journal of Agricultural Economics
- Publisher
- Wiley
- Published
- 1998-03
- Volume
- 49
- Issue
- 1
- Pages
- 1-15
- ISSN
- 0021-857X (ISSN-L)
- 1477-9552
- OpenAlex
- W2047036122
- Cited by
- 406
- References
- 31
- FWCI
- 38.11
- Type
- journal article
- Language
- en
- Open access
- closed
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- Hanley, N., MacMillan, D., Wright, R. E., Bullock, C., Simpson, I., Parsisson, D., & Crabtree, B. (1998). Contingent Valuation Versus Choice Experiments: Estimating the Benefits of Environmentally Sensitive Areas in Scotland. Journal of Agricultural Economics. https://doi.org/10.1111/j.1477-9552.1998.tb01248.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
