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Preference Structures, Property Rights, and Paired Comparisons
The method of paired comparisons was used to determine the structure of survey participants' value expressions for Australian native forests. The same participants were also surveyed using the contingent valuation method (CVM). Data from the paired comparisons were used to construct preference maps which enabled identification of participants whose value expressions were structurally incompatible with economic welfare theory-in particular, those participants who expressed their values according to lexicographic preferences. For some of these participants, CVM results did not provide appropriate measures of WTP. The surveys also demonstrated the importance of allowing participants' own views on property rights to dictate the valuation context offered.
History
Publication title
Environmental & Resource EconomicsVolume
13Pagination
107-122ISSN
0924-6460Department/School
School of Geography, Planning and Spatial SciencesPublisher
Kluwer Academic PublishersPlace of publication
Dordrecht, The NetherlandsRepository Status
- Restricted