Valuing New South Wales rivers for use in benefit transfer

Mark Morrison, Jeff Bennett

    Research output: Contribution to journalArticle

    Abstract

    The results from seven choice modelling applications designed to value improved river health in New South Wales are reported. These applications were designed to provide value estimates that could be used, through benefit transfer, to value improvements in the health of other rivers within the state. Because of limitations on the number of rivers that could be valued and populations sampled, a pooled model for use in benefit transfer was also estimated. The results indicate that both use and non-use values were found to exist for all catchments. In addition, value estimates were found to differ across catchments when populations resident within catchments were sampled. However, when populations resident outside catchments were sampled for two of these catchments, value estimates were found to be statistically similar. This indicates the importance of valuing improved river health in specific catchments by sampling populations within catchments. Yet, it also indicates that it is less critical to conduct multiple surveys of residents outside catchments to value improved river health.
    Original languageEnglish
    Pages (from-to)591-611
    JournalAustralian Journal of Agricultural and Resource Economics
    Volume48
    Issue number4
    DOIs
    Publication statusPublished - 2004

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