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Does information matter in the value of a wetland?

Citation

Pelletier, M-C and Tocock, M and Hatton MacDonald, D and Rose, JM and Sullivan, CA, Does information matter in the value of a wetland?, Journal of Environmental Planning and Management pp. 1-26. ISSN 0964-0568 (2021) [Refereed Article]

Copyright Statement

Copyright 2021 Newcastle Univer

DOI: doi:10.1080/09640568.2021.1995339

Abstract

Non-market values, as measured by willingness to pay, are often required for integrated resource management projects where assessments include a range of social, financial and environmental indicators. In this study, improvements to the Tuckean wetland in New South Wales, Australia was presented as part of a discrete choice experiment. One treatment group was given more background information about the history and economy of the case study area, information about acid sulfate soils and a quiz. The other treatment group was given less background information and no quiz. The confidence intervals on willingness to pay estimates overlap suggesting more information has limited impact on willingness to pay estimates. Information influences perceptions of the survey and preference heterogeneity for some of the attributes. Our findings suggest that given the limited impact of background information, less information may be preferred due to cost considerations.

Item Details

Item Type:Refereed Article
Keywords:stated preference, information provision, non-market values, acid sulfate soils, water quality, crop diversification, horticulture, vegetable production, socio-economic factors, biophysical factors, Murray-Darling Basin
Research Division:Agricultural, Veterinary and Food Sciences
Research Group:Horticultural production
Research Field:Horticultural production not elsewhere classified
Objective Division:Plant Production and Plant Primary Products
Objective Group:Horticultural crops
Objective Field:Avocado
UTAS Author:Tocock, M (Dr Mark Tocock)
UTAS Author:Hatton MacDonald, D (Professor Darla Hatton MacDonald)
ID Code:148411
Year Published:2021
Web of Science® Times Cited:1
Deposited By:Economics
Deposited On:2022-01-08
Last Modified:2022-02-25
Downloads:0

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