Contingent valuation, net marginal benefits, and the scale of riparian ecosystem restoration

2004 ◽  
Vol 49 (1) ◽  
pp. 19-30 ◽  
Author(s):  
Thomas P. Holmes ◽  
John C. Bergstrom ◽  
Eric Huszar ◽  
Susan B. Kask ◽  
Fritz Orr
Keyword(s):  
Contingent Valuation ◽  
Ecosystem Restoration ◽  
Riparian Ecosystem

scholarly journals Managed Flooding for Riparian Ecosystem Restoration

BioScience ◽  
1998 ◽  
Vol 48 (9) ◽  
pp. 749-756 ◽  
Author(s):  
Manuel C. Molles, ◽  
Clifford S. Crawford ◽  
Lisa M. Ellis ◽  
H. Maurice Valett ◽  
Clifford N. Dahm
Keyword(s):  
Ecosystem Restoration ◽  
Riparian Ecosystem

scholarly journals A Pseudo-Sequential Choice Model for Valuing Multi-Attribute Environmental Policies or Programs in Contingent Valuation Applications

2010 ◽  
Vol 39 (1) ◽  
pp. 9-21 ◽  
Author(s):  
Dmitriy Volinskiy ◽  
John C. Bergstrom ◽  
Christopher M. Cornwell ◽  
Thomas P. Holmes
Keyword(s):  
Contingent Valuation ◽  
Choice Model ◽  
Predictive Ability ◽  
Ecosystem Restoration ◽  
Environmental Policies ◽  
Survey Respondent ◽  
Sequential Choice ◽  
Utility Analysis ◽  
Individual Effects ◽  
Sequential Choice Model

The assumption of independence of irrelevant alternatives in a sequential contingent valuation format should be questioned. Statistically, most valuation studies treat nonindependence as a consequence of unobserved individual effects. Another approach is to consider an inferential process in which any particular choice is part of a general choosing strategy of a survey respondent. A stochastic model is suggested, consistent with the reflexivity, transitivity, and continuity axioms of utility analysis. An application of this theoretical model to the valuation of watershed ecosystem restoration demonstrates that an empirical model recognizing reflexivity and transitivity, and also allowing for continuity, shows the highest in-sample predictive ability.

Sign in / Sign up

Export Citation Format

Share Document