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In this paper, we investigate whether people’s knowledge of the past influences their preferences and values towards future landscape change. “Knowledge of the past” is one aspect of the information set held by individuals, and a well-established finding in stated preference work is that...
Persistent link: https://www.econbiz.de/10005039415
This paper explores whether expert judgements can be taken as a proxy for citizen preferences for determining investment strategies for public goods. As an illustration, we focus on the provision of Public Rights Of Way (PROW) by Local Government Authorities in England. These provide rights of...
Persistent link: https://www.econbiz.de/10005067059
Persistent link: https://www.econbiz.de/10008301720
Benefit transfer is a cost-effective method for estimating the value of environmental goods that relies on information obtained in previous studies. The multi-attribute approach of choice experiment should provide advantages in terms of benefit transfer allowing differences in environmental...
Persistent link: https://www.econbiz.de/10005803244
Hill farming in UK is experiencing very difficult economic circumstances and many farmers rely on subsidies provided by the government for a large fraction of their income. The Peak District National Park is used as a case study to examine how farmers might respond to current policy changes �...
Persistent link: https://www.econbiz.de/10005038791
Persistent link: https://www.econbiz.de/10003897817
A range of empirical approaches to representing preference heterogeneity have emerged in choice modelling. Researchers have been able to explore the differences which selection of a particular approach makes to welfare measures in a particular dataset, and indeed have been able to implement a...
Persistent link: https://www.econbiz.de/10009465808
Should we give equal weight to all responses in a choice experiment? Previous Choice Modelling papers have considered the issue of the internal consistency of choices – such as the extent to which strictly-dominated options are chosen. In this paper, a different focus is employed, namely the...
Persistent link: https://www.econbiz.de/10009465843
Recent work by Kahneman and others has led to a new focus in economics on a wellbeing-based approach to utility. This suggests that ‘experienced utility’ is an alternative and more appropriate basis for the measurement of economic value compared with ‘decision utility’. In this paper, we...
Persistent link: https://www.econbiz.de/10009465864
Stated choice models based on the random utility framework are becoming increasingly popular inthe applied economics literature. The need to account for respondents’ preference heterogeneity insuch models has motivated researchers in agricultural, environmental, health and transporteconomics...
Persistent link: https://www.econbiz.de/10009465872