Valuing access to biological collections with contingent valuation and cost-benefit analysis

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dc.contributor.authorMwebaze, Paul
dc.contributor.authorBennett, Jeffrey
dc.date.accessioned2015-12-10T22:27:36Z
dc.date.issued2014
dc.date.updated2020-12-27T07:31:30Z
dc.description.abstractBiological collections may be underutilised because of transaction costs incurred in their use. One way to reduce transaction costs and foster greater utilisation of biological collections that could benefit society is through the creation of a virtual central database of biological collections, available online. The objective of this paper is to estimate the benefits of this policy change using a dichotomous choice contingent valuation survey of the primary users of biological collections. Marginal willingness to pay (WTP) for access to a new central database linking collections around Australia was investigated through an annual user fee payment vehicle. The mean WTP of direct users of the proposed program was Australian dollar (A$) 149 per annum (95% confidence interval of $102 $348). We conducted a cost benefit analysis of the proposal, showing that the aggregate benefits are likely to outweigh the total costs of setting up and maintaining the database in the longer term. These findings are useful for resource allocation decisions regarding biological collections.
dc.identifier.issn2160-6544
dc.identifier.urihttp://hdl.handle.net/1885/54281
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.sourceJournal of Environmental Economics and Policy
dc.titleValuing access to biological collections with contingent valuation and cost-benefit analysis
dc.typeJournal article
local.bibliographicCitation.issue3
local.bibliographicCitation.lastpage258
local.bibliographicCitation.startpage238
local.contributor.affiliationMwebaze, Paul, College of Asia and the Pacific, ANU
local.contributor.affiliationBennett, Jeffrey, College of Asia and the Pacific, ANU
local.contributor.authoremailu9907243@anu.edu.au
local.contributor.authoruidMwebaze, Paul, u4820320
local.contributor.authoruidBennett, Jeffrey, u9907243
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor160507 - Environment Policy
local.identifier.ariespublicationu4430637xPUB296
local.identifier.citationvolumePublished online 06 December 2014
local.identifier.doi10.1080/21606544.2014.985258
local.identifier.thomsonID000368171200002
local.identifier.uidSubmittedByu4430637
local.type.statusPublished Version

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