Valuing environmental benefits using the contingent valuation method: an econometric analysis
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Umeå
Univ. of Umeå
1990
|
| Series: | Umeå economic studies
219 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XIV, 168 S. |
| ISBN: | 9171744819 |
Staff View
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| 100 | 1 | |a Kriström, Bengt |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Valuing environmental benefits using the contingent valuation method |b an econometric analysis |c by Bengt Kriström |
| 264 | 1 | |a Umeå |b Univ. of Umeå |c 1990 | |
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| 490 | 1 | |a Umeå economic studies |v 219 | |
| 502 | |a Umeå, Univ., Diss., 1990 | ||
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Environmental impact analysis |x Econometric models | |
| 650 | 4 | |a Valuation |x Econometric models | |
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Record in the Search Index
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| adam_text | VII
CONTENTS
Page
LIST OF FIGURES XI
LIST OF TABLES XII
Chapter 1. INTRODUCTION 1
Chapter 2. ON THE ECONOMIC THEORY OF THE TOTAL 9
VALUE OF A NATURAL RESOURCE
2.1 Components of total value 10
2.1.1 Option value 11
2.1.2 Existence value 13
2.2 A model of total value 16
2.3 Indirect approaches to benefit measurement 25
2.4 Direct approaches to benefit measurement 27
2.5 Concluding remarks 27
Chapter 3. THE CONTINGENT VALUATION STUDY 29
3.1 Motivating the chosen methodology 29
3.2 Remarks on the contingent valuation method 30
3.2.1 Validity and bias issues 32
3.2.2 Choice of welfare measure 37
3.2.3 Choice of contingent valuation framework 40
3.3 Sample selection, sample size and data extraction 41
3.4 The questionnaire 42
3.4.1 Method of administration 43
3.5 The sample 43
VIII
3.5.1 The valuation questions 45
3.6. Empirical results:the continuous willingness to pay 47
question
3.6.1 The bidfunction 50
3.7 Decomposing total value 55
3.8 Concluding remarks 58
Chapter 4. MODELLING AND ESTIMATION OF WELFARE MEASURES 59
IN DISCRETE RESPONSE VALUATION EXPERIMENTS
4.1 The discrete response approach 60
4.1.1 The random utility maximization model and 62
the discrete response valuation question
4.2 Welfare measures in discrete response valuation 64
experiments
4.2.1 A useful result 68
4.3 The mean or median controversy 70
4.4 Computing conditional and unconditional 72
mean willingness to pay
4.5 Discriminating between statistical models 74
in discrete response valuation experiments
4.6 Conventional approaches to estimate 75
willingness to pay
4.6.1 The Bishop Heberlein (1979) approach 75
4.6.2 The Cameron (1988) approach 76
4.7 Concluding remarks 77
IX
Chapter 5. GENERALIZATIONS OF CONVENTIONAL APPROACHES 79
TO ESTIMATE WILLINGNESS TO PAY FROM DISCRETE
RESPONSE DATA
5.1 A flexible parametric approach 80
5.1.1 Mean and median willingness to pay 81
5.2 Estimation 82
5.2.1 Model checking 83
5.2.2 Estimated mean and median 85
5.2.3 Calculating confidence intervals 86
5.3 A non parametric approach 87
5.3.1 Sensitivity analysis 92
5.4 Bayesian approaches 93
5.5 Concluding remarks 94
Chapter 6. FURTHER ISSUES IN CONTINGENT VALUATION 95
EXPERIMENTS
6.1 A Jack knife analysis of the used bid vector 96
6.2 A Monte Carlo approach 97
6.2.1 Experiment 1. Statistical model correctly 98
specified, short bid vector
6.3 Discrete and continuous valuation questions: 100
Do they give different answers?
6.3.1 Definitions of differences 102
6.3.2 Experimental design 103
6.3.3 Testing for disparity 106
6.4 Concluding remarks 107
X
Chapter 7. ESTIMATING THE GROSS BENEFITS AND 109
COSTS OF PRESERVATION
7.1 The opportunity cost of preservation 109
7.1.1 Muddus 111
7.1.2 Tarna Graddis fjallvarld 113
7.1.3 Skuleskogen 113
7.1.4 Dala Harjedalen Jamtlandsfjallen 114
7.1.5 Hamra 115
7.1.6 Garphyttan 115
7.1.7 Tiveden 116
7.1.8 NorraKvill 116
7.1.9 Kullaberg Hallandsasen 117
7.1.10 Asnen Listerlandet 117
7.1.11 Dalby Soderskog 118
7.2 On the aggregation of benefits 120
7.3 Total benefits and total costs 122
7.4 Present value calculations 124
7.5 Some comparative evidence 125
7.6 Concluding remarks 127
Chapter 8. SUMMARY AND CONCLUDING REMARKS 129
Appendix 1. The questionnaire (Swedish version) 139
English translation 147
Appendix 2. Proof of proposition 1 and corollary 153
LITERATURE 155
XI
LIST OF FIGURES
Page
2.1 Illustration of total value and its components 23
3.1 The map used in the questionnaire 45
3.2 Boxplot of WTP; full sample 48
3.3 Boxplot of WTP adjusted for protest bids 49
4.1 Graphical illustration of mean and median WTP 66
5.1 The empirical survival function using Ayer estimates 90
6.1 Empirical survival functions for WTP in sample A and B 104
6.2 Empirical survival functions for the discrete and 105
the continuous valuation question
XII
LIST OF TABLES
Page
3.1 Characteristics of the surveyed population 44
3.2 Summary statistics for the continuous valuation 47
question; full sample
3.3 Descriptive statistics for WTP adjusted for protest bids 49
3.4 OLS estimates of the bidfunction; full sample 50
3.5 OLS estimates of the bidfunction; unusual observations 53
omitted
3.6 WTP by preservation motives, a breakdown analysis 57
5.1 Estimation results for the asymmetric Arando Ordaz family 82
5.2 Fitted values for the extreme value model 84
5.3 Estimated mean and median WTP from the Arando Ordaz family 86
Bishop Heberlein (1979) suggestion included for reference
5.4 Standard deviations of a/0 87
5.5 Bids and proportions of yes answers 89
5.6 Proportion of yes answers and Ayer et al. estimates of 90
the probability for acceptance
5.7 Comparison of means from Ayer estimator and parametric 91
families conditional on WTP 0
5.8 Sensitivity analysis of the non parametric estimator 93
6.1 Basic Jackknife analysis of the effect on mean/median 97
by omitting a bid in the bid vector;linear logit model
6.2 Monte Carlo experiment with bid vector too short 99
6.3 Characteristics of sample A (received both valuation 103
questions) and sample B (received only continuous version)
7.1 Summary of opportunity costs calculation (timber mining) 118
7.2 Opportunity costs including regeneration costs and future I20
XIII
forest rotations
7.3 Aggregate benefits and costs 124
7.4 Annualized benefit streams (per household) 125
7.5 Aggregate annualized willingness to pay for selected 125
discount rates (in million SEK (1987 prices))
|
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| id | DE-604.BV004811246 |
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| indexdate | 2024-07-09T16:18:00Z |
| institution | BVB |
| isbn | 9171744819 |
| language | English |
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| physical | XIV, 168 S. |
| publishDate | 1990 |
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| publisher | Univ. of Umeå |
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| series2 | Umeå economic studies |
| spelling | Kriström, Bengt Verfasser aut Valuing environmental benefits using the contingent valuation method an econometric analysis by Bengt Kriström Umeå Univ. of Umeå 1990 XIV, 168 S. txt rdacontent n rdamedia nc rdacarrier Umeå economic studies 219 Umeå, Univ., Diss., 1990 Ökonometrisches Modell Environmental impact analysis Econometric models Valuation Econometric models Umwelt (DE-588)4061616-2 gnd rswk-swf Umfrage (DE-588)4005227-8 gnd rswk-swf Bewertung (DE-588)4006340-9 gnd rswk-swf Natürliche Ressourcen (DE-588)4075236-7 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Natürliche Ressourcen (DE-588)4075236-7 s Bewertung (DE-588)4006340-9 s Umfrage (DE-588)4005227-8 s DE-604 Umwelt (DE-588)4061616-2 s Umeå economic studies 219 (DE-604)BV000873993 219 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002960629&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Kriström, Bengt Valuing environmental benefits using the contingent valuation method an econometric analysis Umeå economic studies Ökonometrisches Modell Environmental impact analysis Econometric models Valuation Econometric models Umwelt (DE-588)4061616-2 gnd Umfrage (DE-588)4005227-8 gnd Bewertung (DE-588)4006340-9 gnd Natürliche Ressourcen (DE-588)4075236-7 gnd |
| subject_GND | (DE-588)4061616-2 (DE-588)4005227-8 (DE-588)4006340-9 (DE-588)4075236-7 (DE-588)4113937-9 |
| title | Valuing environmental benefits using the contingent valuation method an econometric analysis |
| title_auth | Valuing environmental benefits using the contingent valuation method an econometric analysis |
| title_exact_search | Valuing environmental benefits using the contingent valuation method an econometric analysis |
| title_full | Valuing environmental benefits using the contingent valuation method an econometric analysis by Bengt Kriström |
| title_fullStr | Valuing environmental benefits using the contingent valuation method an econometric analysis by Bengt Kriström |
| title_full_unstemmed | Valuing environmental benefits using the contingent valuation method an econometric analysis by Bengt Kriström |
| title_short | Valuing environmental benefits using the contingent valuation method |
| title_sort | valuing environmental benefits using the contingent valuation method an econometric analysis |
| title_sub | an econometric analysis |
| topic | Ökonometrisches Modell Environmental impact analysis Econometric models Valuation Econometric models Umwelt (DE-588)4061616-2 gnd Umfrage (DE-588)4005227-8 gnd Bewertung (DE-588)4006340-9 gnd Natürliche Ressourcen (DE-588)4075236-7 gnd |
| topic_facet | Ökonometrisches Modell Environmental impact analysis Econometric models Valuation Econometric models Umwelt Umfrage Bewertung Natürliche Ressourcen Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002960629&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV000873993 |
| work_keys_str_mv | AT kristrombengt valuingenvironmentalbenefitsusingthecontingentvaluationmethodaneconometricanalysis |