Prioritising environmental management investments using the Contingent Valuation Method
Date
2018
Authors
Bennett, Jeffrey
Cheesman, Jeremy
Milenkovic, Keysha
Journal Title
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Volume Title
Publisher
Routledge Journals, Taylor & Francis Ltd
Abstract
An innovative application of the Contingent Valuation Method in the context of prioritising and assessing investments in improving waterway health is described. The approach provides respondents with a feedback loop that allows for a reassessment of amounts bid across a range of investment categories. It allows respondents the opportunity to consider trade-offs between different categories of waterway health investment and between overall waterway health expenditure and spending on other goods and services. The process also reinforces the consequentiality of the survey, thus encouraging the truthful revelation of preferences, and reduces the risk of part-whole bias. The results provide policy-makers with cost-effective inputs into practical decision making contexts.
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Keywords
Contingent Valuation Method, waterway management, prioritisation
Citation
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Source
Journal of Environmental Economics and Policy
Type
Journal article
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Restricted until
2099-12-31
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