20 Years of Stated Preference Valuation of Non-Timber Benefits from Fennoscandian Forests: A Meta-Analysis
In: Journal of Forest Economics, Band 12, Heft 4, S. 251-277
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In: Journal of Forest Economics, Band 12, Heft 4, S. 251-277
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In: International Review of Environmental and Resource Economics (Forthcoming)
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In: Environmental and resource economics, Band 43, Heft 1, S. 11-29
ISSN: 1573-1502
In: Environmental and resource economics, Band 81, Heft 4, S. 807-832
ISSN: 1573-1502
AbstractStated preference surveys are increasingly conducted online using internet panel samples, where a fast-growing share of respondents answer on smartphones. These panel members range from novices to "professionals" in terms of previous survey experience. Little is known about the potential effects of smartphone responding and survey experience on the data quality of stated preference surveys. This paper uses a discrete choice experiment dataset on the Norwegian population's willingness to pay to plant climate forests to explore how these two factors affect data quality. These data by type of response device, gathered using a probability-based internet panel, were combined with a unique dataset obtained from the survey company on respondents' actual experience answering surveys on different types of devices. Our results show that differences in elicited preferences between smartphone and computer respondents are not caused by the device used, suggesting that initial concerns about smartphone responses may be exaggerated. Furthermore, more experience is associated with an increasing scale parameter (indicating lower error variance), but at a decreasing rate; and a higher propensity to choose the status quo (indicating possible simplifying strategies employed by respondents). Combined this suggest some optimal level of experience that is neither too high nor too low. We discuss the implications of our results for stated preference research and provide a few avenues for future research.
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In: Environmental and resource economics, Band 83, Heft 3, S. 681-708
ISSN: 1573-1502
AbstractAltruistic preferences have been found to be important for explaining the substantial non-use values identified in numerous stated preference surveys. However, studies analysing the effect of altruism on willingness to pay (WTP) have underestimated the challenges of measuring altruism by stated measures. We exploit a naturally occurring decision domain to investigate the role of altruism in stated preference studies. We employ a novel dataset, collected from an Internet survey panel, that contains respondents' past donations of earned survey coins to charities and use these data to analyse the effect of donation behaviour on the same respondents' WTP. We analyse donation behaviour across two contingent valuation surveys on environmental topics. Donators are proven givers in an anonymous and unrelated setting, much like decision-making in a dictator game. We find that respondents' past donations are associated with higher WTP, even after controlling forstatedmeasures of altruism, ecological, and environmental attitudes. The results suggest that measures of stated altruism fail to capture important aspects of altruism, implying that previous studies of altruism based on such measures may be questioned. The results also support research demonstrating that altruistic behaviour in one decision domain is a good predictor of altruistic behaviour in other domains.
The emergence of the ecosystem services concept suggests that economic valuation studies are already fulfilling a role in raising awareness by demonstrating the loss of nature's goods and services using monetary indicators. In order to have future relevance in capturing value and giving support to policy-makers, valuation methods must specifically address resource accounting, priority setting, and instrument design. This report provides an overview of economic valuation methods of ecosystem services from watersheds in the Nordic countries. The study was commissioned by the Nordic Council of Ministers and conducted by The Norwegian Institute for Nature Research, The Norwegian Institute of Water Research and Sweco Norge during the period May – November 2011. The study indicates that economic valuation methods can be applied to watershed management in multiple ways. However, policy makers should be wary of "one size fits all" valuation estimates that appear ready to use across different watershed types and stakeholder interests.
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In: Risk analysis: an international journal, Band 31, Heft 9, S. 1381-1407
ISSN: 1539-6924
We conduct, to our knowledge, the first global meta‐analysis (MA) of stated preference (SP) surveys of mortality risk valuation. The surveys ask adults their willingness to pay (WTP) for small reductions in mortality risks, deriving estimates of the sample mean value of statistical life (VSL) for environmental, health, and transport policies. We explain the variation in VSL estimates by differences in the characteristics of the SP methodologies applied, the population affected, and the characteristics of the mortality risks valued, including the magnitude of the risk change. The mean (median) VSL in our full data set of VSL sample means was found to be around $7.4 million (2.4 million) (2005 U.S. dollars). The most important variables explaining the variation in VSL are gross domestic product (GDP) per capita and the magnitude of the risk change valued. According to theory, however, VSL should be independent of the risk change. We discuss and test a range of quality screening criteria in order to investigate the effect of limiting the MA to high‐quality studies. When limiting the MA to studies that find statistically significant differences in WTP using external or internal scope tests (without requiring strict proportionality), we find that mean VSL from studies that pass both tests tend to be less sensitive to the magnitude of the risk change. Mean VSL also tends to decrease when stricter screening criteria are applied. For many of our screened models, we find a VSL income elasticity of 0.7–0.9, which is reduced to 0.3–0.4 for some subsets of the data that satisfy scope tests or use the same high‐quality survey.
In: Environmental and resource economics, Band 87, Heft 2, S. 401-436
ISSN: 1573-1502
AbstractEnergy generated by land-based wind power is expected to play a crucial role in the decarbonisation of the economy. However, with the looming biodiversity and nature crises, spatial allocation of wind power can no longer be considered solely a trade-off against local disamenity costs. Emphasis should also be put on wider environmental impacts, especially if these challenge the sustainability of the renewable energy transition. We suggest a modelling system for selecting among a pool of potential wind power plants (WPPs) by combining an energy system model with a GIS analysis of WPP sites and surrounding viewscapes. The modelling approach integrates monetised local disamenity and carbon sequestration costs and places constraints on areas of importance for wilderness and biodiversity (W&B). Simulating scenarios for the Norwegian energy system towards 2050, we find that the southern part of Norway is the most favourable region for wind power siting when only the energy system surplus is considered. However, when local disamenity costs (and to a lesser extent carbon costs) and W&B constraints are added successively to the scenarios, it becomes increasingly beneficial to site WPPs in the northern part of Norway. We find that the W&B constraints have the largest impact on the spatial distribution of WPPs, while the monetised costs of satisfying these constraints are relatively small. Overall, our results show that there is a trade-off between local disamenities and loss of W&B. Siting wind power plants outside the visual proximity of households has a negative impact on W&B.
In: Environmental and resource economics, Band 80, Heft 1, S. 21-57
ISSN: 1573-1502
AbstractSensitivity to scope in nonmarket valuation refers to the property that people are willing to pay more for a higher quality or quantity of a nonmarket public good. Establishing significant scope sensitivity has been an important check of validity and a point of contention for decades in stated preference research, primarily in contingent valuation. Recently, researchers have begun to differentiate between statistical and economic significance. This paper contributes to this line of research by studying the significance of scope effects in discrete choice experiments (DCEs) using thescope elasticity of willingness to payconcept. We first formalize scope elasticity in a DCE context and relate it to economic significance. Next, we review a selection of DCE studies from the environmental valuation literature and derive their implied scope elasticity estimates. We find that scope sensitivity analysis as validity diagnostics is uncommon in the DCE literature and many studies assume unitary elastic scope sensitivity by employing a restrictive functional form in estimation. When more flexible specifications are employed, the tendency is towards inelastic scope sensitivity. Then, we apply the scope elasticity concept to primary DCE data on people's preferences for expanding the production of renewable energy in Norway. We find that the estimated scope elasticities vary between 0.13 and 0.58, depending on the attribute analyzed, model specification, geographic subsample, and the unit of measurement for a key attribute. While there is no strict and universally applicable benchmark for determining whether scope effects are economically significant, we deem these estimates to be of an adequate and plausible order of magnitude. Implications of the results for future DCE research are provided.
In: Land use policy: the international journal covering all aspects of land use, Band 107, S. 104390
ISSN: 0264-8377
In: Energy economics, Band 129, S. 107239
ISSN: 1873-6181
The Nordic Council of Ministers publishes regular overview reports on the use of economic instruments in Nordic environmental policy. In this report, Part I presents an overview of the use of economic instruments with the main focus on changes during the years 2006 - 2009. Part II gives a brief overview of mixes of policy instruments (also other than economic instruments) and presents two case studies. There are generally few changes in the use of economic instruments since 2006, except for the introduction of the emissions trading system, EU ETS, and changes in vehicle registration tax systems to become more based on specific fuel use or CO2 emissions. In general, the tax systems could be made more effective and efficient by treating different sectors and fuels more equally.
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In: Environmental Impact Assessment Review, Band 27, Heft 1, S. 1-25
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The ecosystem service (ES) concept is becoming mainstream in policy and planning, but operational influence on practice is seldom reported. Here, we report the practitioners' perspectives on the practical implementation of the ES concept in 27 case studies. A standardised anonymous survey (n = 246), was used, focusing on the science-practice interaction process, perceived impact and expected use of the case study assessments. Operationalisation of the concept was shown to achieve a gradual change in practices: 13% of the case studies reported a change in action (e.g. management or policy change), and a further 40% anticipated that a change would result from the work. To a large extent the impact was attributed to a well conducted science-practice interaction process (>70%). The main reported advantages of the concept included: increased concept awareness and communication; enhanced participation and collaboration; production of comprehensive science-based knowledge; and production of spatially referenced knowledge for input to planning (91% indicated they had acquired new knowledge). The limitations were mostly case-specific and centred on methodology, data, and challenges with result implementation. The survey highlighted the crucial role of communication, participation and collaboration across different stakeholders, to implement the ES concept and enhance the democratisation of nature and landscape planning. 2017 Published by Elsevier B.V. ; acceptedVersion
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