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2009•RePEc: Research Papers in EconomicsOpen access

Location differences in communities’ preferences for environmental improvements in selected NSW catchments: A Choice Modelling approach

Kasia Mazur, Jeffrey W. Bennett, Mazur, Kasia, Bennett, Jeffrey W.

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Abstract

To elicit household willingness to pay (WTP) for improvements in environmental quality in three NSW catchments (Lachlan, Namoi and Hawkesbury-Nepean), a choice modelling (CM) study was conducted. This report presents results of research designed to investigate variations in WTP across different communities. The communities included local residents, distant/urban and distant/rural residents. Nine split samples were established to test for ‘location effects’. The analysis involved both conditional logit and random-parameters logit models. Natural resource management (NRM), including Catchment Management Authorities (CMAs), can use the non-market values obtained from this study to guide their investment decisions.

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What this paper is about

To elicit household willingness to pay (WTP) for improvements in environmental quality in three NSW catchments (Lachlan, Namoi and Hawkesbury-Nepean), a choice modelling (CM) study was conducted. This report presents results of research designed to investigate variations in WTP across different communities. The communities included local residents, distant/urban and distant/rural residents. Nine split samples were established to test for ‘location effects’. The analysis involved both conditional logit and random-parameters logit models. Natural resource management (NRM), including Catchment Management Authorities (CMAs), can use the non-market values obtained from this study to guide their investment decisions.

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Available abstract

To elicit household willingness to pay (WTP) for improvements in environmental quality in three NSW catchments (Lachlan, Namoi and Hawkesbury-Nepean), a choice modelling (CM) study was conducted. This report presents results of research designed to investigate variations in WTP across different communities. The communities included local residents, distant/urban and distant/rural residents. Nine split samples were established to test for ‘location effects’. The analysis involved both conditional logit and random-parameters logit models. Natural resource management (NRM), including Catchment Management Authorities (CMAs), can use the non-market values obtained from this study to guide their investment decisions.

Key concepts: Choice modelling, Willingness to pay, Logit, Valuation (finance), Mixed logit, Natural resource management, Logistic regression, Contingent valuation

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