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Preference Structures, Property Rights, and Paired Comparisons

Citation

Lockwood, M, Preference Structures, Property Rights, and Paired Comparisons, Environmental & Resource Economics, 13, (1) pp. 107-122. ISSN 0924-6460 (1999) [Refereed Article]

DOI: doi:10.1023/A:1008239616998

Abstract

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.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied Economics
Research Field:Environment and Resource Economics
Objective Division:Environment
Objective Group:Environmental and Natural Resource Evaluation
Objective Field:Rights to Environmental and Natural Resources (excl. Water Allocation)
Author:Lockwood, M (Associate Professor Michael Lockwood)
ID Code:33765
Year Published:1999
Web of Science® Times Cited:12
Deposited By:Geography and Environmental Studies
Deposited On:2005-07-20
Last Modified:2005-07-20
Downloads:0

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