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| Lockwood, Michael. |
| Non-compensatory preferences may form a significant component of individuals' values for non-market goods such as natural areas, especially in the context of a reduction in environmental quality. The widespread neglect of such preferences can result in erroneous estimates of changes in economic welfare. Non-market valuation using techniques such as contingent valuation therefore need to take into account the possibility that some individuals hold noncompensatory preferences. The formal structure of the lexicographic noncompensatory ordering is described, and the theoretical implications of an individual holding such preferences over some region of goods space is examined. A method for the empirical identification of non-compensatory preference orderings is... |
| Tipo: Journal Article |
Palavras-chave: Environmental Economics and Policy; Institutional and Behavioral Economics. |
| Ano: 1996 |
URL: http://purl.umn.edu/22394 |
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| Lockwood, Michael; Carberry, David. |
| Improving the conservation status of remnant native vegetation on private property (RNV) has a number of economic benefits. RNV can contribute to on-farm productivity through provision of unimproved grazing, timber products and stock shelter. It may contribute to enhancing the productivity of downstream properties though amelioration of land degradation associated with salinity, water quality decline and soil erosion. The Australian community might also place value on certain attributes of RNV such as its scenic amenity and contribution to biodiversity conservation. Where these community values can be expressed in terms of trade-offs between RNV conservation and other things of value such as personal disposable income, they can be assessed using economic... |
| Tipo: Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/123831 |
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