Peer-Reviewed Journal Details
Mandatory Fields
Hynes, S, Hanley, N, O'Donoghue, C
2010
January
Land Economics
A combinational optimization approach to non-market environmental benefit aggregation via simulated populations
Published
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Optional Fields
DISTANCE-DECAY IRELAND VALUES
86
2
345
362
This paper considers the use of a "combinatorial optimization" technique in the aggregation of environmental benefit values. Combinatorial optimization is used to statistically match population census data to a contingent valuation survey The matched survey and census information is then used to produce regional and national total willingness-to-pay figures. These figures are then compared to figures derived using More standard approaches to calculating aggregate environment benefit values. The choice of aggregation approach is shown to have a major impact upon estimates of total benefits at a regional level, especially when the target population displays considerable heterogeneity across space. (JEL C14, Q51)
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