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Testing for value stability with a meta-analysis of choice experiments: River health in Australia AgEcon
Rolfe, John; Brouwer, Roy.
While meta-analysis is typically used to identify value estimates for benefit transfer, applications also provide insights into the potential influence of design, study and methodological factors on results of non-market valuation experiments. In this paper, a metaanalysis of sixteen separate choice modelling studies in Australia with 130 individual value estimates relating to river health are reported. The studies involved different measures and scales of river health, so consistency was generated by transforming implicit prices from each study into a common standard of WTP per kilometer of river in good health. Tobit models have been used to identify the relationships between the dependent variable (WTP/km) and a number of variables. The results...
Tipo: Report Palavras-chave: Non-market valuation; Choice modelling; Meta analysis; River health; Environmental Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/107744
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A bioeconomic model of carbon trading within an Australian grazing enterprise AgEcon
Gowen, Rebecca; Rolfe, John; Donaghy, Peter.
The Carbon Farming Initiative (CFI) and other carbon trading programs have been promoted as alternative sources of income for agricultural producers, particularly those on marginal land. This paper presents the results of a bioeconomic model developed to compare the relative returns from a beef enterprise against changing regrowth management practices to sequester additional carbon and sell carbon offsets. The model is constructed based on a 1000 hectare parcel of land in Central Queensland and is calculated for two landtypes; Brigalow and Eucalypt. Assuming zero transaction costs and a 20 year contract period, a carbon-cattle enterprise has higher returns that a cattle-only enterprise at relatively low carbon prices for both land types. However, results...
Tipo: Presentation Palavras-chave: Carbon; Bioeconomic modelling; Grazing economics; Environmental Economics and Policy; Livestock Production/Industries.
Ano: 2012 URL: http://purl.umn.edu/124311
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Book review AgEcon
Rolfe, John.
Tipo: Journal Article Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 2008 URL: http://purl.umn.edu/117738
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Comparing a best management practice scorecard with an auction metric to select proposals in a water quality tender AgEcon
Rolfe, John; Windle, Jill.
The focus of this paper is to compare different evaluation frameworks for selecting landholder proposals to improve water quality. The case study is a water quality tender performed in the Burdekin region in Northern Australia in 2007/2008 where bids could be assessed using an inputs-based best management practice scorecard or an outputs-based auction metric. The scorecard approach and other variants of multi-criteria analysis are commonly applied in grant schemes, where landholder proposals are rated by a range of inputs-based criteria. Output-based approaches are typically applied in water quality and conservation tenders, where an environmental benefits index is constructed to summarise the cost-effectiveness of each proposal. The case study evaluation...
Tipo: Conference Paper or Presentation Palavras-chave: Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/59262
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Testing for differences in benefit transfer values between state and regional frameworks AgEcon
Rolfe, John; Windle, Jill.
Policy makers are often interested in transferring non-market estimates of environmental values from a ‘source’ study to predict economic values at a ‘target’ site. While most applications of the benefit transfer process involve an opportunistic search for suitable source studies, there are some examples available of more systematic approaches to developing a framework of values for benefit transfer processes. A key issue in developing such a framework is to deal with adjustment factors, where value estimates might vary systematically according to the context of the trade-offs. Previous research has identified that large differences in scope, such as between national and regional contexts, do affect values and hence benefit transfer. The research reported...
Tipo: Article Palavras-chave: Benefit transfer; Choice modelling; Environmental valuation; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/118536
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Assessing the economic impact of an emissions trading scheme on agroforestry in Australia’s northern grazing systems AgEcon
Donaghy, Peter; Rolfe, John; Gowen, Rebecca; Bray, Steven; Madonna, Hoffman.
Although agriculture generates a significant portion of Australia’s greenhouse gas emissions, it also has the potential to sequester large quantities of emissions through changed land use management such as agroforestry. Whilst there is an extensive amount of agroforestry literature, little has been written on the economic consequences of adopting silvopastoral systems in northern Australia. This paper reports the economic feasibility of adopting complimentary agroforestry systems in the low rainfall region of northern Australia. The analysis incorporates the dynamic tradeoffs between tree and pasture growth, carbon sequestration, cleared regrowth decomposition rates and livestock methane emissions in a bioeconomic model. The results suggest there are...
Tipo: Conference Paper or Presentation Palavras-chave: Carbon sequestration; Financial analysis; Carbon accounting framework; Agroforestry; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/59069
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Estimating consumer surplus and elasticity of demand of tourist visitation to a region in North Queensland using contingent valuation AgEcon
Greiner, Romy; Rolfe, John.
The Daintree Rainforest is a prime attraction for Tropical North Queensland as a tourist destination. Visitation of the rainforest, specifically the Cape Tribulation section, has increased rapidly as impediments to self-drive access have been removed. This paper examines the potential for the local council to manage the volume of self-drive access to the Cape Tribulation region by price mechanisms. The assessment is based on estimates of willingness to pay from a contingent valuation survey of self-drive tourists to the region, from which estimates of consumer surplus and demand elasticity are derived. A comprehensive discussion of the social and economic implications and transaction costs of price-based mechanisms is offered.
Tipo: Conference Paper or Presentation Palavras-chave: Contingent valuation; Tourist management; Recreation use fees; Consumer surplus; Elasticity of demand; Daintree rainforest; Demand and Price Analysis; Resource /Energy Economics and Policy.
Ano: 2003 URL: http://purl.umn.edu/57881
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Developing a benefit transfer database for environmental values in Queensland AgEcon
Windle, Jill; Rolfe, John.
made in one situation to related circumstances. The benefit transfer process is typically reliant on the availability of a number of source studies which have appropriate levels of reliability and relevance to the issue of interest. However, the limited number of non-market valuation studies to draw on for source values currently limits the benefit transfer process. In this paper, an alternative approach to benefit transfer is outlined where a series of valuation studies were specifically performed to build a reference data base of values for benefit transfer purposes. The choice modelling technique was used to estimate community values for protecting soil, water and vegetation stocks in Queensland, Australia, where both state and regional populations were...
Tipo: Conference Paper or Presentation Palavras-chave: Benefit transfer; Environmental valuation; Choice modelling; Environmental Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/10369
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Do values for protecting iconic assets vary across populations? A Great Barrier Reef case study AgEcon
Rolfe, John; Windle, Jill.
A number of studies have examined the effects of distance decay and the influence it might have on both use and non-use values. However, the relationship between environmental values and distance effects is less clear cut when iconic or special assets are involved. In this report, the effects of distance decay on protection values of the Great Barrier Reef in Australia are explored using two split sample choice experiments. The results suggest that the Townsville (local) population had larger use values than the Brisbane (distant) population. However, for iconic resources, where perceptions of responsibility, substitutes and information are reasonably consistent across population groups, non-use values remain constant across spatially different population...
Tipo: Journal Article Palavras-chave: Choice modelling experiment; Distance decay; Population effects; Iconic assets; Great Barrier Reef; Use values; Non-use values; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/95054
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Quasi-option values for enhanced information regarding genetically modified foods AgEcon
Donaghy, Peter; Rolfe, John; Bennett, Jeffrey W..
Issues concerning the long-term environmental and health risks associated with the production of genetically modified foods remain highly topical in Australia. It is unclear how consumers values for a precautionary approach to the release of genetically modified crops compares to the opportunity costs of forgoing economic growth associated with the use of these technologies. In this paper, an application of the contingent valuation method is reported. That technique was used to estimate quasi-option values held by consumers regarding a potential five year moratorium on the use of genetic modification in Australian agriculture. The results are compared to the estimated opportunity costs of imposing such a ban o Queensland consumers.
Tipo: Conference Paper or Presentation Palavras-chave: Quasi-option values; Genetically modified organisms; Contingent valuation; Agricultural and Food Policy; Research Methods/ Statistical Methods.
Ano: 2004 URL: http://purl.umn.edu/58403
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Public values for improved water security for domestic and environmental use AgEcon
Windle, Jill; Rolfe, John; Brouwer, Roy.
Metrics for evaluating environmental trade-offs can be developed with varying levels of consistency across case study sites. A key issue is whether standard evaluation experiments can be conducted over multiple sites, or whether experiments have to be tailored to each case study application. To test how useful a consistent approach is, choice modelling (CM) has been used in a number of countries. Choice modelling assess the trade-offs households are prepared to make between water use restrictions, maintaining environmental conditions in waterways, and increased water costs. This research paper reports the results of the Queensland survey. The results show that it is not possible to downplay case study framing issues and that it is not appropriate to...
Tipo: Report Palavras-chave: Choice modelling; Water; Environment; Framing; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94818
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Valuing protection of the Great Barrier Reef with choice modelling by management policy options AgEcon
Rolfe, John; Windle, Jill.
Valuing protection of the Great Barrier Reef with choice modelling by management policy options
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/59153
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Costing water quality improvements with auction mechanisms: case studies for the Great Barrier Reef in Australia AgEcon
Rolfe, John; Windle, Jill.
Australian governments continue to commit significant resources to the protection of the Great Barrier Reef. Funding for the Reef Rescue Programme is focused on reducing the impact of agricultural production on water quality. Information about the costs and benefits of funding proposals is limited. As a result, the key challenge for policy makers is to identify where funding is most efficiently applied. While there is adequate information about the costs of various inputs for reducing water quality, the costs of achieving various outputs is much more limited. Water quality tenders show the opportunity costs of changing agricultural practices. They allow policy makers to better understand the potential costs of misallocating public resources. It also...
Tipo: Report Palavras-chave: Auctions; Conservation tenders; Market based instruments; Water quality; Environmental Economics and Policy; Research Methods/ Statistical Methods.
Ano: 2009 URL: http://purl.umn.edu/94884
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Public values for improved water security for domestic and environmental use AgEcon
Windle, Jill; Rolfe, John; Brouwer, Roy.
A choice modelling valuation exercise was recently undertaken across several countries to assess the tradeoffs that households are prepared to make between water use restrictions, maintaining environmental condition in waterways, and increased water costs. The results from the Queensland survey are reported in this paper. Also discussed are some of the tradeoffs involved in assuring the integrity of an international survey while retaining sufficient local context to make the choice modelling exercise both realistic and meaningful.
Tipo: Conference Paper or Presentation Palavras-chave: Choice modelling; Water scarcity; Water use tradeoffs; International survey; Resource /Energy Economics and Policy; Environmental Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/47627
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Valuing remnant vegetation in Central Queensland using choice modelling AgEcon
Blamey, Russell K.; Rolfe, John; Bennett, Jeffrey W.; Morrison, Mark.
In the Desert Uplands region of Central Queensland, many pastoralists are clearing vegetation in order to improve cattle grazing production. A choice modelling study was undertaken to provide estimates of the benefits of retaining remnant vegetation that are appropriate for inclusion in a cost benefit analysis of tighter clearing restrictions. Attributes included in the choice model were reductions in the population size of non‐threatened species, the number of endangered species lost to the region, and changes in regional income and employment. A nested logit model was used to model the data in order to avoid violations of the independence of irrelevant alternatives condition. The estimated benefits are reported for several tree clearing policy regimes...
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2000 URL: http://purl.umn.edu/117846
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Assessing national values to protect the health of the Great Barrier Reef AgEcon
Rolfe, John; Windle, Jill.
The aim of this study was to estimate the values to protect the health of the Great Barrier Reef (GBR) at the national level and to examine the effects of distance decay on valuation estimates. A split-sample choice-modelling experiment was conducted in six locations: a regional town within the GBR catchment area (Townsville); Brisbane, the state capital approximately 450 km from the southern limit of the GBR; and four other capital cities (Sydney, Melbourne, Adelaide and Perth) ranging from nearly 1,000 km to over 4,000 km from Brisbane. The results suggest that the average WTP across Australian households is $21.68 per household per annum for five years. There was some evidence of distance decay in values. Most decline occurred once outside the home...
Tipo: Conference Paper or Presentation Palavras-chave: Distance decay; Iconic resources; Choice modelling experiment; Environmental Economics and Policy; Q51; Q57.
Ano: 2011 URL: http://purl.umn.edu/100732
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Does Muscle Matter? An Economic Evaluation of Live Cattle Characteristics AgEcon
Williams, Christine H.; Rolfe, John; Longworth, John W..
The Queensland Livestock Market Reporting Service (QLMRS) was established in 1980 by the livestock and Meat Authority of Queensland. Weekly reports on the major live cattle auctions in Queensland indicate the prices of different types of cattle, categorised by their age, sex, weight, fat score and type of feed. Previous research has suggested that differences in these characteristics account for only some of the price variation observed at cattle auctions. This paper investigates other characteristics not included in the QLMRS market reports which may be important in determining the price of cattle. Data on the standard QLMRS characteristics and on other potentially important characteristics have been collected by the authors for a large number of lots of...
Tipo: Journal Article Palavras-chave: Livestock Production/Industries.
Ano: 1993 URL: http://purl.umn.edu/9596
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Comparing a best management practice scorecard with an auction metric to select proposals in a water quality tender AgEcon
Rolfe, John; Windle, Jill.
This report compares evaluation frameworks for selecting landholder proposals to improve water quality. A water quality tender performed in the Burdekin region in Northern Australia in 2007/2008 was used as a case study. Tender bids can be assessed using an inputs-based best management practice scorecard or an outputs-based auction metric. Where landholder proposals are rated by inputs-based criteria, the scorecard approach, and other variants of multi-criteria analysis are commonly applied. Output-based approaches are typically applied in water quality and conservation tenders. This approach uses an environmental benefits index to summarise the cost-effectiveness of each proposal. The case study evaluation reported in this paper shows how...
Tipo: Report Palavras-chave: Water quality tender; Auction metric; Best management practice; Input-based; Output-based; Great Barrier Reef.; Environmental Economics and Policy; Research Methods/ Statistical Methods.
Ano: 2009 URL: http://purl.umn.edu/94939
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WTP and WTA in relation to irrigation development in the Fitzroy Basin, Queensland AgEcon
Rolfe, John; Bennett, Jeffrey W..
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...
Tipo: Conference Paper or Presentation Palavras-chave: Choice modelling; Compensating surplus; WTP; WTA; Research Methods/ Statistical Methods.
Ano: 2003 URL: http://purl.umn.edu/58204
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Valuing Beach Recreation Across a Regional Area: The Great Barrier Reef in Australia AgEcon
Rolfe, John; Gregg, Daniel.
The focus of the research reported in this paper has been to estimate recreation values for beaches over approximately 1400 kilometres of coastline along the Queensland coast. The study is notable at an international level because it assesses recreation values to a general type of recreation asset rather than to a specific site, and because it focuses on the values of the local resident population. Negative binomial models have been used to estimate both the visit rate and recreation values associated with beach visits in different regional areas. The value of a single beach visit was estimated per person at $35.09, which extrapolates to $450 million in beach recreation values per annum. These values are likely to be conservative because opportunity costs...
Tipo: Presentation Palavras-chave: Recreation; Travel Cost Method; Beach; Contingent behaviour; Resource /Energy Economics and Policy.
Ano: 2012 URL: http://purl.umn.edu/124433
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