The Choice Modelling Approach to Environmental Valuation

About this book

Choice modelling is a technique that has recently emerged as a means of estimating the demand for environmental goods and the benefits and costs associated with them. The aims of the book are fourfold: to introduce the technique in the environmental context; to demonstrate its use in a range of case studies; to provide insights into some methodological issues; and to explore the prospects for the technique. The authors contributing to the book show that choice modelling offers considerable potential for the evaluation of environmental goods and services. Its flexibility to cope with a wide range of applications is well demonstrated. The technique also presents numerous challenges to practitioners. A number of these are addressed in the book. This book should prove valuable to all scholars, researchers and practitioners in the areas of environmental studies and environmental economics.

Contents

Introduction, Jeff Bennett and Russell Blamey. Part 1 The technique: choice experiments - an overview of concepts and issues, Jordan J. Louviere; some fundamentals of environmental choice modelling, Jeff Bennett and Vic Adamowicz. Part 2 Case studies: assessing the options for the Canberra water supply - an application of choice modelling, Jenny Gordon et al; remnant vegetation and wetlands protection - non-market valuation, Jeff Bennett et al; green product choice, Russell Blamey et al. Part 3 Exploring some methodological issues: choice set design, Russell Blamey et al; opt-out alternatives and anglers' stated preferences, Mellisa Ruby Banzhaf et al; yea-saying and validation of a choice model of green product choice, Russell Blamey and Jeff Bennett; framing effects, John Rolfe and Jeff Bennett; the strengths and weaknesses of environmental choice modelling, Jeff Bennett and Russell Blamey.

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