Research@Lincoln
    • Login
     
    View Item 
    •   Research@Lincoln Home
    • Faculty of Agribusiness and Commerce
    • Agribusiness and Commerce series collections
    • Commerce Division Discussion Paper series
    • View Item
    •   Research@Lincoln Home
    • Faculty of Agribusiness and Commerce
    • Agribusiness and Commerce series collections
    • Commerce Division Discussion Paper series
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The aggregation of environmental benefit values: welfare measures, distance decay and total WTP

    Bateman, Ian J.; Day, Brett H.; Georgiou, Stavros; Lake, Iain
    Abstract
    We review the literature regarding the aggregation of benefit value estimates for non-market goods. Two case studies are presented through which we develop an approach to aggregation which applies the spatial analytic capabilities of a geographical information system to combine geo-referenced physical, census and survey data to estimate a spatially sensitive valuation function. These case studies show that the common reliance upon political jurisdictions and the use of sample mean values within the aggregation process are liable to lead to significant errors in resultant values. We also highlight the fact that for resources with use values then we should expect overall values to reduce with increasing distance from such sites, but that changes in the choice of welfare measure will determine whether such distance decay is to be expected within values stated by those who are presently non-users. The paper concludes by providing recommendations for future improvements to the methodology.... [Show full abstract]
    Keywords
    valuation; aggregation; willingness to pay; distance decay; selection bias; contingent valuation; water quality; wetlands; rivers; Geographic Information System (GIS)
    Date
    2006-09
    Type
    Discussion Paper
    Collections
    • Commerce Division Discussion Paper series [116]
    Share this

    on Twitter on Facebook on LinkedIn on Reddit on Tumblr by Email

    Thumbnail
    View/Open
    cd_dp_114.pdf
    Metadata
     Expand record
    This service is managed by Learning, Teaching and Library
    • Archive Policy
    • Copyright and Reuse
    • Deposit Guidelines and FAQ
    • Contact Us
     

     

    Browse

    All of Research@LincolnCommunities & CollectionsTitlesAuthorsKeywordsBy Issue DateThis CollectionTitlesAuthorsKeywordsBy Issue Date

    My Account

    LoginRegister

    Statistics

    View Usage Statistics
    This service is managed by Learning, Teaching and Library
    • Archive Policy
    • Copyright and Reuse
    • Deposit Guidelines and FAQ
    • Contact Us