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| Blamey, Russell K.; Common, Mick S.; Quiggin, John C.. |
| The fundamental assumption of the contingent valuation method (CYM) is that responses to CY questionnaires may be interpreted as expressions of consumer preferences. The consumer preference interpretation has been challenged in recent papers arguing that willingness to pay for wildlife preservation is generated, at least in part, by ethical concerns, rather than by a view that wildlife preservation will yield any benefit to individual respondents. Some further evidence bearing upon these questions is derived from a study of forest management in Australia undertaken by the Resource Assessment Commission (RAC). The evidence supports the interpretation that respondents are acting primarily as citizens. |
| Tipo: Journal Article |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 1995 |
URL: http://purl.umn.edu/22679 |
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| Common, Mick S.; Bull, Tim; Stoeckl, Natalie. |
| Randall (1994) argued that the Travel Cost Method (TCM) cannot generate monetary measures of recreation site benefits for use in Cost Benefit Analysis. Randall argues that what is relevant to recreational decision‐making is the subjective, and unobservable, price of travel, whereas TCM uses the observer‐assessed cost of travel. Hence, TCM can at best give ordinally measurable welfare estimates. ‘Randall’s Difficulty’ is formulated as an estimation problem and results are derived for that problem. The meaning of, prospects for, and usefulness of ordinal measurement are explored, and the existence of a solution to Randall’s Difficulty is considered. |
| Tipo: Journal Article |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 1999 |
URL: http://purl.umn.edu/117209 |
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| Common, Mick S.. |
| Clearly, the question which is the workshop title permits of no single simple answer. This paper addresses it in the particular context of taxation. The argument is that in this context the sustainability debate seems to have had rather little effect on economists' thinking and policy advice. While it is true that taxation is looked upon more favourably than some alternative instruments for environmental policy implementation, there does not appear to have been much in the way of thinking about. or policy advice on, taxation per se in the context of concern for sustainability promotion. |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 1992 |
URL: http://purl.umn.edu/10343 |
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