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Provedor de dados:  AgEcon
País:  United States
Título:  WTP and WTA in relation to irrigation development in the Fitzroy Basin, Queensland
Autores:  Rolfe, John
Bennett, Jeffrey W.
Data:  2010-02-19
Ano:  2003
Palavras-chave:  Choice modelling
Compensating surplus
Research Methods/ Statistical Methods
Resumo:  Estimates of the compensating surplus generated by changes in non-marketed environmental amenities can be estimated using stated preference valuation techniques. These are typically framed in terms of WTP tradeoffs, even if the situation of interest involves a property right vestment that calls for a WTA question. The differences created by the two questioning formats are explored in this paper using the results of two choice modelling applications. Both applications were framed on the potential for irrigation development and environmental losses in the Fitzroy River Basin, Central Queensland. The scenarios used in the applications differed only in that they used alternatively WTP and WTA questioning formats. The results indicate that robust models could not be constructed from either WTP- or WTA-based data sets when only two alternatives were used in the choice sets. In contrast, a strongly fitting model was derived from WTP-based data where three alternatives formed the choice sets.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Relação:  Australian Agricultural and Resource Economics Society>2003 Conference (47th), February 12-14, 2003, Fremantle, Australia
Formato:  16

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