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Using Valuation Functions To Estimate Changes In The Quality Of A Recreational Experience
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Book Synopsis Using Valuation Functions to Estimate Changes in the Quality of a Recreational Experience by : Brett M. Fried
Download or read book Using Valuation Functions to Estimate Changes in the Quality of a Recreational Experience written by Brett M. Fried and published by . This book was released on 1992 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public agencies need information on the value of recreational activities to assist in managing fish and wildlife species. Over the past two decades economists have developed and applied techniques to measure the value of such non-marketed commodities. The contingent valuation method (CVM) is one technique used by economists to measure net benefits associated with a change in the quantity or quality of a non-marketed commodity. Unlike other techniques such as the travel cost and hedonic methods, which use market data to infer willingness to pay (WTP), CVM directly elicits willingness to pay or willingness to accept (WTA) information. CVM is used in this thesis to estimate the use value of changes in the quality of the elk hunting experience. The focus of the study is elk hunting on the Starkey Research Forest in eastern Oregon. Since 1988, the Oregon Department of Fish and Wildlife (ODFW) and the U.S. Forest Service have collected data on big game hunting on this area. The Starkey data sets provide unique research opportunities because of the enclosed nature of the Starkey Research Forest (25,000 acres surrounded by 38 miles of fence) and the duration of the survey effort (10 years). Although the surveys contain questions specific to an analysis by both the contingent valuation and travel cost methods, only the contingent valuation method is considered here. Specific objectives of the thesis research include: (1) derivation of valuation functions for the two dichotomous choice WTP and WTA elicitations, (2) estimation of changes in WTA and WTP for changes in significant explanatory variables, and (3) suggestions for improvements in future Starkey surveys. Valuation functions, as used here, provide increased flexibility over point estimates. The explanatory variables in a valuation function can be changed to obtain estimates of the corresponding changes in WTP and WTA values. The valuation functions can then be used to derive estimates of central tendency for the contingent scenarios. Results include an estimated median value of $113 per hunter for access to hunting and an estimated mean value per trip of $287 per hunter for increases in the elk herd (to ensure an opportunity to shoot at an elk). Additionally, the flexibility of valuation functions is demonstrated by showing how changes in the values of significant (at the .05 level) explanatory variables affect WTP and WTA values. Four policy and three methodological implications are gleaned from the results. The four policy implications are that: (1) the elk hunting recreational experience is providing substantial benefits to Starkey hunters, (2) willingness to pay values are sensitive to the size of respondents' incomes, (3) respondents are willing to pay more to increase the elk herd to the point where they would be virtually certain of having an opportunity to shoot at an elk and (4) Starkey hunters object to the tradeoff between their right to hunt and private goods. The three methodological implications are (1) a demonstration of the flexibility of WTP functions, (2) a confirmation of the importance of using specific and unambiguous wording in the contingent scenarios, and (3) a confirmation of the importance of pretests to determine the initial ranges and number of bids in dichotomous choice surveys. Two problems with the current surveys are the loss of efficiency due to the low number and narrow range of bids and the lack of specificity and ambiguous wording used in some of the contingent scenarios. Suggestions include increases in the number and range of the bids, the inclusion of an additional question and the inclusion of a "not for sale" category.
Book Synopsis Estimates of the Values of Elk in the Blue Mountains of Oregon and Washington by : Natalie A. Bolon
Download or read book Estimates of the Values of Elk in the Blue Mountains of Oregon and Washington written by Natalie A. Bolon and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Valuation of Water Resources in Agriculture by : R. Kerry Turner
Download or read book Economic Valuation of Water Resources in Agriculture written by R. Kerry Turner and published by Food & Agriculture Org.. This book was released on 2004 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this report is to produce a review on water resource valuation issues and techniques specifically for the appraisal and negotiation of raw (as opposed to bulk or retail) water resource allocation for agricultural development projects. The review considers raw water in naturally occurring watercourses, lakes, wetlands, soil and aquifers, taking an ecosystem function perspective at a catchment scale, and takes account of the demands from irrigated and rainfed agriculture. It is hoped that the review will have particular application to developing countries where agreed methods for reconciling competing uses are often absent, but nevertheless takes account of valuation approaches that have been made in post industrial economies.
Book Synopsis General Technical Report PNW-GTR by :
Download or read book General Technical Report PNW-GTR written by and published by . This book was released on 1995 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Research Paper RM. written by and published by . This book was released on 1991 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Encyclopedia of Biodiversity written by and published by Academic Press. This book was released on 2013-02-05 with total page 5485 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 7-volume Encyclopedia of Biodiversity, Second Edition maintains the reputation of the highly regarded original, presenting the most current information available in this globally crucial area of research and study. It brings together the dimensions of biodiversity and examines both the services it provides and the measures to protect it. Major themes of the work include the evolution of biodiversity, systems for classifying and defining biodiversity, ecological patterns and theories of biodiversity, and an assessment of contemporary patterns and trends in biodiversity. The science of biodiversity has become the science of our future. It is an interdisciplinary field spanning areas of both physical and life sciences. Our awareness of the loss of biodiversity has brought a long overdue appreciation of the magnitude of this loss and a determination to develop the tools to protect our future. Second edition includes over 100 new articles and 226 updated articles covering this multidisciplinary field— from evolution to habits to economics, in 7 volumes The editors of this edition are all well respected, instantly recognizable academics operating at the top of their respective fields in biodiversity research; readers can be assured that they are reading material that has been meticulously checked and reviewed by experts Approximately 1,800 figures and 350 tables complement the text, and more than 3,000 glossary entries explain key terms
Book Synopsis The Stated Preference Approach to Environmental Valuation, Volumes I, II and III by : Richard T. Carson
Download or read book The Stated Preference Approach to Environmental Valuation, Volumes I, II and III written by Richard T. Carson and published by Routledge. This book was released on 2018-12-20 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a truly enormous literature on using stated preference information to place a monetary value on environmental amenities. This three volume set provides the key papers for understanding the historical development of contingent valuation, its theoretical and statistical foundations, and the major controversies. It also contains representative papers covering all of the major application areas in environmental valuation.
Book Synopsis Revealed Preference Approaches to Environmental Valuation Volumes I and II by : Catherine L. Kling
Download or read book Revealed Preference Approaches to Environmental Valuation Volumes I and II written by Catherine L. Kling and published by Routledge. This book was released on 2019-01-22 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this two volume collection the editors have chosen a sample of some of the most essential and inspirational articles and papers for understanding revealed preference methods to value environmental amenities. The papers cover the gamut of methods that are typically classified as revealed preference approaches - including: recreation demand models, hedonic methods, and averting behavior methods, as well as efforts to combine stated and revealed preferences. While this collection is far from exhaustive, the editors have included papers they believe will represent the state of the art in the theory and application of revealed preference methods, contribute to development of the state of the art, or raise fundamental challenges and insights that will drive the research agenda in the coming years.
Book Synopsis Initial Growth, Development, and Clonal Dynamics of Regenerated Aspen in the Rocky Mountains by : Wayne D. Shepperd
Download or read book Initial Growth, Development, and Clonal Dynamics of Regenerated Aspen in the Rocky Mountains written by Wayne D. Shepperd and published by . This book was released on 1993 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Simulation of Management Options for Stands of Southwestern Ponderosa Pine Attacked by Armillaria Root Disease and Dwarf Mistletoe by : Dennis M. Donnelly
Download or read book Simulation of Management Options for Stands of Southwestern Ponderosa Pine Attacked by Armillaria Root Disease and Dwarf Mistletoe written by Dennis M. Donnelly and published by . This book was released on 1992 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The value of traditional water schemes : small tanks in the Kala Oya Basin, Sri Lanka by : Shamen Vidanage
Download or read book The value of traditional water schemes : small tanks in the Kala Oya Basin, Sri Lanka written by Shamen Vidanage and published by IUCN. This book was released on 2005 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Lake Eyre Basin Rivers by : Richard Kingsford
Download or read book Lake Eyre Basin Rivers written by Richard Kingsford and published by CSIRO PUBLISHING. This book was released on 2017-12 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Water is scarce in the Lake Eyre Basin in the heart of Australia. The region goes through natural cycles of boom and bust, and the flooding of the basin rivers is accompanied by spectacular responses from wildlife and vegetation. However, the Lake Eyre Basin faces the threat of diversion of water from rivers and wetlands and development of floodplains for irrigation and mining. Around the world, such water resource developments have caused widespread degradation of rivers and loss of habitats. Lake Eyre Basin Rivers outlines the environmental, social and economic values of the rivers from a diverse range of perspectives, including science, tourism, economy, engineering, policy, Traditional Owners and pastoralists. It describes the current state of the environment and the past and ongoing threats to the river systems, drawing on stories from the Murray-Darling Basin. It also provides direction for ensuring that the rivers remain free-flowing to service the environment and future generations. This book is a valuable reference for environment and government agencies, industries and policy-makers concerned with the region and will be of interest to the communities of the Lake Eyre Basin.
Book Synopsis The Economic Value of Biodiversity by : David Pearce
Download or read book The Economic Value of Biodiversity written by David Pearce and published by Routledge. This book was released on 2013-11-05 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Biodiversity loss is one of the major resource problems facing the world, and the policy options available are restricted by inappropriate economic tools which fail to capture the value of species and their variety. This study describes in non-technical terms how cost-benefit analysis techniques can be applied to species and species loss, and how they provide a measure of the efficiency of conservation measures. Only when conservation can be shown to pass such a basic economic test, the authors claim, will it be incorporated into policies.;David Pearce has also written Blueprint for a Green Economy.
Book Synopsis Preference Data for Environmental Valuation by : John Whitehead
Download or read book Preference Data for Environmental Valuation written by John Whitehead and published by Routledge. This book was released on 2012-03-15 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The monetary valuation of environmental goods and services has evolved from a fringe field of study in the late 1970s and early 1980s to a primary focus of environmental economists over the past decade. Despite its rapid growth, practitioners of valuation techniques often find themselves defending their practices to both users of the results of applied studies and, perhaps more troubling, to other practitioners. One of the more heated threads of this internal debate over valuation techniques revolves around the types of data to use in performing a valuation study. In the infant years of the development of valuation techniques, two schools of thought emerged: the revealed preference school and the stated preference school, the latter of which is perhaps most associated with the contingent valuation method. In the midst of this debate an exciting new approach to non-market valuation was developed in the 1990s: a combination and joint estimation of revealed preference and stated preference data. There are two primary objectives for this book. One objective is to fill a gap in the nonmarket valuation "primer" literature. A number of books have appeared over the past decade that develop the theory and methods of nonmarket valuation but each takes an individual nonmarket valuation method approach. This book considers each of these valuation methods in combination with another method. These relationships can be exploited econometrically to obtain more valid and reliable estimates of willingness-to-pay relative to the individual methods. The second objective is to showcase recent and novel applications of data combination and joint estimation via a set of original, state-of-the-art studies that are contributed by leading researchers in the field. This book will be accessible to economists and consultants working in business or government, as well as an invaluable resource for researchers and students alike.
Download or read book General Technical Report RM. written by and published by . This book was released on 1990 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Ecosystem services in MSP by : Mats Ivarsson
Download or read book Ecosystem services in MSP written by Mats Ivarsson and published by Nordic Council of Ministers. This book was released on 2017-09-06 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study describes a proposal for a new tool on how to incorporate an ecosystem services approach into the maritime spatial planning process. The proposed tool provides a prototype for a stepwise methodology to analyze linkages between maritime activities and ecosystem services, and to assess the status of marine ecosystem services as a part of the MSP process. The report addresses the Nordic cooperation needs, economic valuation of ecosystem services and trade-offs between concurrent uses of marine areas and ecosystem services. The study shows that making use of the proposed methodology enables and facilitates the incorporation of an ecosystem services approach in the planning process. However, in order to fully assess its possibilities, and the needs for further improvements, future work should focus on applying the methodology on a comprehensive marine spatial planning case.
Book Synopsis The Net Economic Value of Elk Hunting in Idaho by : Cindy Sorg Swanson
Download or read book The Net Economic Value of Elk Hunting in Idaho written by Cindy Sorg Swanson and published by . This book was released on 1986 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
