Jeffrey Bennett

TL;DR: In this article, the authors used a dichotomous choice contingent valuation format with follow-up open-ended willingness to pay question to estimate these non use values for the establishment of MPAs in South-west Marine Region of Australia.

Abstract: One of the growth areas in the formulation of policy advice in developed countries over the past decade has been the integration of environmental non-market values into the decision-making process. This has particularly been the case in European Union (EU) countries where EU Directives must be supported by cost-benefit assessments inclusive of environmental impacts. In the UK, the Department of Environment, Food and Rural Affairs (DEFRA) sanctions the use of specific non-market valuation techniques. It is also the case in the United States, where many non-market valuation tools were initially developed. For example, environmental damage cases in law must be supported with evidence of the impacts involved in monetary terms consistent with the compensatory principle. The Regulatory Impacts Assessment (RIA) process in Australia which is mandated at State and Federal government levels for the introduction of new policy requires full cost-benefit analysis, and so the call for the inclusion of non-market values in that country has grown. In addition to environmental policy, non-market valuation techniques have gained increased prominence in other public sector spheres including health and transportation. Governments seeking information on the relative preferences of the community for alternative transport infrastructure outcomes or medical facility investments have applied non-market valuation methods to inform the design of efficient and effective policies and programmes. While non-market valuation techniques have now become widely accepted as tools of public sector decision-making in developed countries, it must also be recalled that certain of them were initiated in the private sector, most notably the choice experiment method. In that context, firms seeking information regarding their customers' preferences for potential new products have used these tools and continue to do so. Indeed, the distinction between private and public sector application has been blurred, given that government agencies have

TL;DR: In this article, a stated choice survey is used to estimate willingness to pay for undergrounding in established residential areas in Canberra, and the results suggest that benefits would be highest in areas with higher household income and older residents where visual amenity, safety, tree trimming or restrictions on the use of yard space are of concern.

TL;DR: In this article, the authors assess whether it would be socially desirable to provide enhanced post-cyclone emergency services in towns such as Cairns, and assess the net social benefit that would accrue to residents.

TL;DR: In this paper, the authors provide a review of anchoring and framing effects in CE surveys and develop ten hypotheses about the impacts of various attribute anchors and frames on respondents' choices and subsequent value estimates.