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Johnston, Robert J.; Duke, Joshua M.; Kukielka, Jessica B.. |
This paper assesses the potential for function based benefit transfer to inform farmland preservation policy, with emphasis on distinctions between welfare estimation and policy prioritization. Data are drawn from a parallel choice experiments implemented in six communities and statewide in Connecticut. The analysis provides a range of empirical results of potential significance for policy, but two findings are of particular relevance. First, results suggest that transfer errors in WTP for farmland preservation are comparable to those found in other policy contexts, even across similar sites. Results also suggest, however, that welfare based policy rankings are strongly correlated across sites, even when dollar denominated transfer errors are substantial.... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use; Resource /Energy Economics and Policy; Q24; Q51. |
Ano: 2008 |
URL: http://purl.umn.edu/6243 |
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Kukielka, Jessica B.; Johnston, Robert J.; Duke, Joshua M.. |
Despite prior studies examining willingness to pay for farmland preservation there has been no quantitative, systematic analysis of findings across the literature. This paper presents the first statistical meta-analysis of farmland preservation values. Results confirm systematic variations in willingness to pay, with value surfaces corresponding to theoretical expectations. Findings also provide significant insight into the potential for valid meta-analytic, function based benefit transfer. Results suggest, for example, that transfer validity is critically dependent on jurisdictional scale. Transfer errors are modest for community scale farmland preservation, but large for state scale preservation policies in which per acre welfare estimates are small. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
Ano: 2008 |
URL: http://purl.umn.edu/6121 |
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