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Valuing the Cultural Monuments of Armenia: Bayesian Updating of Prior Beliefs in Contingent Valuation AgEcon
Alberini, Anna; Longo, Alberto.
We use contingent valuation to place a value on the conservation of built cultural heritage sites in Armenia. When we present the hypothetical scenario in the questionnaire we spell out what would happen to the monuments in the absence of the government conservation program. We posit that respondents combine such information with their own prior beliefs, which the questionnaire also elicits, and that the WTP for the good or program is likely to be affected by these updated beliefs. We propose a Bayesian updating model of prior beliefs, and empirically implement it using the data from our survey. We find that uncertainty about what would happen to the monument in the absence of the program results in lower WTP amounts. .
Tipo: Working or Discussion Paper Palavras-chave: Valuation of Cultural Heritage Sites; Non-Market Valuation; Contingent Valuation; Bayesian Updating; Prior Beliefs; Environmental Economics and Policy; Z10.
Ano: 2007 URL: http://purl.umn.edu/9337
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Are Preferences for Environmental Quality Sensitive to Financial Funding Schemes? Evidence from a Marine Restoration Programme in the Black Sea AgEcon
Remoundou, Kyriaki; Koundouri, Phoebe; Adaman, Fikret; Nunes, Paulo A.L.D..
This paper uses a non-market valuation study to elicit consumers’ preferences for a marine restoration programme in the Black Sea aiming to reduce the level of public health risk from bathing and improve water quality and the overall level of marine biodiversity. In this context, we administer a stated choice experiment in coastal settlements in Ukraine and Turkey and employ two tax revenue reallocation schemes as payment vehicles. One proposes the financing of the marine restoration programme by the reduction of the public budget for renewable energy and the second by the reduction of the public budget on training for civil servants. We examine the stated preferences and the subsequently derived economic value estimates in the two treatments with the aim...
Tipo: Working or Discussion Paper Palavras-chave: Non-Market Valuation; Stated Choice Experiment; Payment Vehicle; Tax Revenues Reallocation; Marine Resources; Black Sea; Marine Biodiversity; Developing Countries; Environmental Economics and Policy; Q22; Q28.
Ano: 2011 URL: http://purl.umn.edu/108204
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Mapping of Forest Biodiversity Values: A Plural Perspective AgEcon
Nunes, Paulo A.L.D.; Ojea, Elena; Loureiro, Maria L..
The Millennium Ecosystem Assessment is built on a conceptual framework that links biodiversity to the services ecosystems provide to society. Based on this framework, we first compile market and non-market forest valuation studies and, secondly, explore the potential of an econometric modeling exercise by conducting a world wide meta-analysis. This exercise aims to highlight the mapping of biodiversity indicators and assesses their respective role on the valuation exercise. Our results show that biodiversity loss is having an effect on forest ecosystem values. In addition, these effects reveal to be dependent on the type of services and global geo-climatic regions.
Tipo: Working or Discussion Paper Palavras-chave: Millennium Ecosystems Approach; Biodiversity Loss; Meta-Analysis; Market Valuation; Non-Market Valuation; Forests; Q57.
Ano: 2009 URL: http://purl.umn.edu/47768
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