Contingent valuation as a guide to environmental policy: An application to the conservation of natural bushland in Brisbane

Windle J. and Cramb R.A. (1993) Contingent valuation as a guide to environmental policy: An application to the conservation of natural bushland in Brisbane. Economic Analysis and Policy, 23 2: 139-149. doi:10.1016/S0313-5926(93)50032-2


Author Windle J.
Cramb R.A.
Title Contingent valuation as a guide to environmental policy: An application to the conservation of natural bushland in Brisbane
Journal name Economic Analysis and Policy   Check publisher's open access policy
ISSN 0313-5926
Publication date 1993-01-01
Sub-type Article (original research)
DOI 10.1016/S0313-5926(93)50032-2
Open Access Status
Volume 23
Issue 2
Start page 139
End page 149
Total pages 11
Publisher Elsevier
Language eng
Subject 2002 Cultural Studies
Abstract This report presents an overview of the Contingent Valuation Method and describes a small-scale, exploratory application, using a bidding technique, to determine how much local respondents were willing to pay to preserve, upgrade and maintain an area of natural bushland in the Whites Hill/Pine Mountain Reserve, Camp Hill, Brisbane. Starting point bias was tested for and was found to occur, with a one dollar increase in the starting bid resulting in a $0.80 increase in the final bid. Evidence also suggested the existence of compliance bias. Respondents were unfamiliar with valuing environmental goods and appeared to use 'cues' in the bidding process to formulate their answers, hence the estimated willingness to pay was not considered accurate. The study did however suggest that respondents valued the area of urban bushland and were willing to pay money to preserve, upgrade and maintain the area.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import - Archived
 
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Created: Tue, 23 Aug 2016, 13:38:26 EST by System User