Using choice experiments to design wetland management programmes: The case of Severn Estuary Wetland, UK

Abstract This paper reports the results of a pilot valuation study, which was undertaken to investigate whether the public located around the Severn Estuary derive positive economic values from its sustainable management. One hundred members of the public took part in a choice experiment, the results of which indicate that overall the public derives positive and significant values from sustainable management of this wetland, however, there is some preference heterogeneity. The findings demonstrate that the choice experiment method is a promising tool, which can aid the design of socially optimal policies for sustainable management of the Severn Estuary, with possible implications for other similar wetlands in the UK.

[1]  Ian J. Bateman,et al.  A meta-analysis of wetland contingent valuation studies , 1999 .

[2]  R. Scarpa,et al.  Valuing Animal Genetic Resources in Peasant Economies: The Case of the Box Keken Creole Pig in Yucatan , 2001 .

[3]  J. Bennett,et al.  Estimating Society's Willingness to Pay to Maintain Viable Rural Communities , 2004 .

[4]  Wuyang Hu,et al.  Trading off health, environmental and genetic modification attributes in food , 2004 .

[5]  R. Scarpa,et al.  Valuing genetic resources in peasant economies: the case of ‘hairless’ creole pigs in Yucatan , 2003, Ecological Economics.

[6]  R. S. D. Motta Economics of natural resources and the environment , 1990 .

[7]  Hedley Rees,et al.  Limited-Dependent and Qualitative Variables in Econometrics. , 1985 .

[8]  D. McFadden,et al.  Specification tests for the multinomial logit model , 1984 .

[9]  L. Brander,et al.  Living waters conserving the source of life: the economic values of the worldïs wetlands , 2004 .

[10]  Mark D. Uncles,et al.  Discrete Choice Analysis: Theory and Application to Travel Demand , 1987 .

[11]  M. Burstein Money, Capital, and Prices. George Horwich , 1966 .

[12]  Jeffrey Bennett,et al.  Valuing improved wetland quality using choice modeling , 1999 .

[13]  J. Whitehead “A Practitioner’s Primer on Contingent Valuation,” , 2000 .

[14]  E. Barbier,et al.  Economic valuation of wetlands: A guide for policy makers and planners , 1997 .

[15]  John P. Hoehn,et al.  Valuing the Multidimensional Impacts of Environmental Policy: Theory and Methods , 1991 .

[16]  Ian J. Bateman,et al.  Elicitation and truncation effects in contingent valuation studies , 1995 .

[17]  Phoebe Koundouri,et al.  Using a choice experiment to account for preference heterogeneity in wetland attributes: The case of Cheimaditida wetland in Greece , 2006 .

[18]  J. Louviere,et al.  Combining Revealed and Stated Preference Methods for Valuing Environmental Amenities , 1994 .

[19]  D. Hensher,et al.  Stated Choice Methods: Analysis and Applications , 2000 .

[20]  Dodo J. Thampapillai,et al.  Environmental Economics , 2019 .

[21]  Jordan J. Louviere,et al.  Choice modelling and its potential application to tropical rainforest preservation , 2000 .

[22]  Fredrik Carlsson,et al.  Valuing wetland attributes: an application of choice experiments , 2003 .

[23]  J. Rolfe,et al.  Valuing Options for Reserve Water in the Fitzroy Basin , 2005 .

[24]  I. Bateman,et al.  A Meta-Analysis of Wetland Ecosystem Valuation Studies , 2003 .

[25]  Guy Garrod,et al.  Water Companies' Service Performance and Environmental Trade-offs , 2002 .

[26]  N. Hanley,et al.  Wilderness development decisions and the Krutilla-Fisher model: The case of Scotland's ‘flow country’ , 1991 .

[27]  Gregory L. Poe,et al.  Implementing the Convolutions Approach: A Companion to "Measuring the Difference (X-Y) of Simulated Distributions: A Convolutions Approach" , 1994 .

[28]  D. McFadden Conditional logit analysis of qualitative choice behavior , 1972 .

[29]  J. Bennett,et al.  The choice modelling approach to environmental valuation , 2001 .

[30]  A. Bergmann,et al.  Valuing the attributes of renewable energy investments , 2006 .

[31]  Jeffrey Bennett,et al.  Environmental values and resource management options: a choice modelling experience in Malaysia , 2004, Environment and Development Economics.

[32]  G. Garrod,et al.  Estimating the Benefits of Environmental Enhancement: A Case Study of the River Darent , 1996 .

[33]  K. Lancaster A New Approach to Consumer Theory , 1966, Journal of Political Economy.

[34]  J. Whitehead A Practitioner's Primer on the Contingent Valuation Method , 2006 .

[35]  P. Boxall,et al.  Understanding Heterogeneous Preferences in Random Utility Models: A Latent Class Approach , 2002 .

[36]  Nick Hanley,et al.  Designing Policy for Reducing the Off-farm Effects of Soil Erosion Using Choice Experiments , 2005 .

[37]  Yong-Suhk Wui,et al.  The economic value of wetland services: a meta-analysis , 2001 .

[38]  T. Swanson,et al.  The Willingness to Pay for Property Rights for the Giant Panda: Can a Charismatic Species Be an Instrument for Nature Conservation? , 2003, Land Economics.

[39]  Paul R. Portney,et al.  The Contingent Valuation Debate: Why Economists Should Care , 1994 .

[40]  C. L. Mallows,et al.  Individual Choice Behaviour. , 1961 .

[41]  L. Brander,et al.  The Empirics of Wetland Valuation: A Comprehensive Summary and a Meta-Analysis of the Literature , 2006 .

[42]  Ian J. Bateman,et al.  The Recreational Value of Cley Marshes Nature Reserve: An Argument Against Managed Retreat? , 1998 .

[43]  W. Greene,et al.  计量经济分析 = Econometric analysis , 2009 .

[44]  R. Brau,et al.  Assessing visitor satisfaction with tourism rejuvenation policies: the case of Rimini, Italy , 2009 .