Peer-Reviewed Journal Details
Mandatory Fields
Hynes, S;Hanley, N;O'Donoghue, C
2010
May
Land Economics
A Combinatorial Optimization Approach to Nonmarket Environmental Benefit Aggregation via Simulated Populations
Published
WOS: 9 ()
Optional Fields
DISTANCE-DECAY IRELAND VALUES
86
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)
0023-7639
10.3368/le.86.2.345
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