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A choice experiment versus a contingent valuation approach to agri-environmental policy valuation

ARAN - Access to Research at NUI Galway

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dc.contributor.author Hynes, Stephen
dc.contributor.author Campbell, Danny
dc.contributor.author Howley, Peter
dc.date.accessioned 2011-11-11T16:10:54Z
dc.date.available 2011-11-11T16:10:54Z
dc.date.issued 2011-07
dc.identifier.citation Hynes, S., Campbell, D., & Howley, P. (2011). A choice experiment versus a contingent valuation approach to agri-environmental policy valuation (Working paper no. 173). Galway: Department of Economics, National University of Ireland, Galway. en_US
dc.identifier.uri http://hdl.handle.net/10379/2311
dc.description.abstract The non-market value accruing from an agri-environmental scheme can be examined by assessing the public's willingness to pay for the policy outputs as a whole or by modelling the preferences of society for the component attributes of the rural landscape that result from the implementation of the policy. In this paper we examine if the welfare impacts from implementing an agri-environmental policy are significantly different if one uses a holistic valuation methodology such as contingent valuation or an attribute based valuation methodology such as choice experiments. It is argued that the valuation methodology chosen should be based on whether or not the overall objective is the valuation of the agri-environment policy package in its entirety or the valuation of each of the policy's distinct environmental outputs. en_US
dc.format application/pdf en_US
dc.language.iso en en_US
dc.publisher National University of Ireland, Galway en_US
dc.relation.ispartofseries Economics Working Papers;173
dc.subject Economics en_US
dc.subject Landscape valuation en_US
dc.subject Environmental goods and services en_US
dc.subject Contingent valuation en_US
dc.subject Choice experiments en_US
dc.subject Attribute versus holistic values en_US
dc.subject Latent class models en_US
dc.subject Preference heterogeneity en_US
dc.subject Environmental policy en_US
dc.title A choice experiment versus a contingent valuation approach to agri-environmental policy valuation en_US
dc.type Working Paper en_US
dc.description.peer-reviewed peer-reviewed en_US
dc.contributor.funder Irish Department of Agriculture, Fisheries and Food - Rural Stimulus Fund en_US

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