| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
A Choice Modelling Approach for Assessment of Use and Quasi-Option Values in Urban Planning for Areas of Environmental Interest
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| Autores: |
Strazzera, Elisabetta
Cherchi, Elisabetta
Ferrini, Silvia
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| Data: |
2008-09-05
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| Ano: |
2008
|
| Palavras-chave: |
Urban Planning
Environmental Values
Choice Modelling
Use Values
Quasi-option Values
Discounting
C35
Q51
R41
|
| Resumo: |
This study adopts a discrete choice modelling methodology to evaluate individuals’ preferences over planning alternatives for an urban site of environmental interest. Since such projects involve some uncertainty and irreversibility, a special attention is devoted to the estimation of the quasi-option values which are associated to project development. Two distinct measures for the quasi-option value are estimated, and both coefficients indicate that the public places a significant value on reduction of the possibility of adverse irreversible effects: a more prudent development strategy is valued about four times more than a procedure that provides a lesser hedge against undesired outcomes. Furthermore, the study involved elicitation of intertemporal preferences over projects with different time spans, and estimation of the implicit discount rates: the values obtained seem high if compared to standard discount rates applied to public projects, but not far from current interest rates on consumption.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/42903
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| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>Sustainability Indicators and Environmental Valuation Working Papers
SIEV
63.2008
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| Formato: |
32
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