Structurally-consistent estimation of use and nonuse values for landscape-wide environmental change

Day, Brett, Bateman, Ian, Binner, Amy, Ferrini, Silvia and Fezzi, Carlo (2019) Structurally-consistent estimation of use and nonuse values for landscape-wide environmental change. Journal of Environmental Economics and Management, 98. ISSN 0095-0696

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Abstract

We address the problem of estimating the use and nonuse value derived from a landscape-wide programme of environmental change. Working in the random utility framework, we develop a structural model that describes both demand for recreational trips to the landscape's quality-differentiated natural areas and preferences over different landscape-wide patterns of environmental quality elicited in a choice experiment. The structural coherence of the model ensures that the parameters of the preference function can be simultaneously estimated from the combination of revealed and stated preference data. We explore the properties of the model in a Monte Carlo experiment and then apply it to a study of preferences for changes in the ecological quality of rivers in northern England. This implementation reveals plausible estimates of the use and nonuse parameters of the model and provides insights into the distance decay in those two different forms of value.

Item Type: Article
Uncontrolled Keywords: choice experiment,nonuse utility,random utility models,recreation,structural modelling,travel cost model,water quality,economics and econometrics,management, monitoring, policy and law ,/dk/atira/pure/subjectarea/asjc/2000/2002
Faculty \ School: Faculty of Science > School of Environmental Sciences
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Depositing User: LivePure Connector
Date Deposited: 30 Sep 2019 08:30
Last Modified: 18 Sep 2020 00:24
URI: https://ueaeprints.uea.ac.uk/id/eprint/72414
DOI: 10.1016/j.jeem.2019.102256

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