Despite the vital role of utility functional form in welfare measurement, the implications of working with incorrect utility specifications have not been examined in the choice experiments literature. This paper addresses the importance of the specification of both non-monetary attributes and...

The author's purpose is to review the use of cost - benefit analysis (CBA) in environmental policy appraisal, focusing on the United Kingdom. Examples of the use of CBA in this context are provided, and the recent historical background to its use explained. The main strengths and weaknesses of...

We estimate and compare two empirical measures of the weak sustainability of an economy for the first time: the change in augmented green net national product (GNNP), and the interest on augmented genuine savings (GS). Yearly calculations are given for each measure for Scotland during 1992-99....

Benefit transfer is a cost-effective method for estimating the value of environmental goods that relies on information obtained in previous studies. The multiattribute approach of choice experiments should provide advantages in terms of benefit transfer, allowing differences in environmental...

Multi-attribute revealed preference data are used to investigate the heterogeneity of tastes in a sample of kayakers in relation to a panel of eleven whitewater sites in Ireland. The paper focuses on a comparison of the analysis of preference heterogeneity using a random parameter logit model...

This paper considers farmers willingness to pay (WTP) to conserve an endangered Irish farmland bird, the Corncrake (Crex crex). An Irish National Farm Survey (NFS) is used to produce individual farm-level WTP estimates for the year 2006. These figures are then aggregated to obtain a total value...