Environment and Development Economics, May 31, 2019
The design of a Payment for Environmental Services (PES) scheme that involves setting a ‘pseudo m... more The design of a Payment for Environmental Services (PES) scheme that involves setting a ‘pseudo market price’ per unit of environmental service requires the estimation of demand and supply. This paper presents the results of discrete choice experiments aimed at estimating the demand for environmental and social services generated by a wildlife protection PES scheme in two protected areas in Lao PDR. The discrete choice experiments targeted international tourists sampled at Vientiane airport and the urban Lao population sampled in Vientiane City as potential buyers of the environmental and social services provided by the PES scheme. The survey was customised to a developing country context to address diversity in respondents' literacy levels, language limitations of the interviewers, socio-cultural conventions, and limited trust in confidentiality and anonymity of the survey process. The marginal benefits of the environmental services so estimated were used to inform the development of a PES scheme.
Journal of Environmental Science and Management, 2019
In this study, the recreational value of restoring corals reefs was estimated in the context of a... more In this study, the recreational value of restoring corals reefs was estimated in the context of a site in Northwestern Philippines. This study applied the travel cost method with a variation that integrates a contingent behavior question. This allowed for the estimation of marginal benefits in the context of a change in recreational asset quality. The recreational study site, including the reef in its damaged state, gave rise to average per visit benefits of around US$63.00. With a restored reef, that average value increased to approximately US$113.00 per visit. Hence, the average marginal benefits associated with an investment in reef restoration for this case study site is in the order of US$50 per visit, with a 95% confidence interval of US$0.72 million to US$3.34 M yr-1.
Environment and Development Economics, May 31, 2019
The design of a Payment for Environmental Services (PES) scheme that involves setting a ‘pseudo m... more The design of a Payment for Environmental Services (PES) scheme that involves setting a ‘pseudo market price’ per unit of environmental service requires the estimation of demand and supply. This paper presents the results of discrete choice experiments aimed at estimating the demand for environmental and social services generated by a wildlife protection PES scheme in two protected areas in Lao PDR. The discrete choice experiments targeted international tourists sampled at Vientiane airport and the urban Lao population sampled in Vientiane City as potential buyers of the environmental and social services provided by the PES scheme. The survey was customised to a developing country context to address diversity in respondents' literacy levels, language limitations of the interviewers, socio-cultural conventions, and limited trust in confidentiality and anonymity of the survey process. The marginal benefits of the environmental services so estimated were used to inform the development of a PES scheme.
Journal of Environmental Science and Management, 2019
In this study, the recreational value of restoring corals reefs was estimated in the context of a... more In this study, the recreational value of restoring corals reefs was estimated in the context of a site in Northwestern Philippines. This study applied the travel cost method with a variation that integrates a contingent behavior question. This allowed for the estimation of marginal benefits in the context of a change in recreational asset quality. The recreational study site, including the reef in its damaged state, gave rise to average per visit benefits of around US$63.00. With a restored reef, that average value increased to approximately US$113.00 per visit. Hence, the average marginal benefits associated with an investment in reef restoration for this case study site is in the order of US$50 per visit, with a 95% confidence interval of US$0.72 million to US$3.34 M yr-1.
Environmental economics has been an increasingly significant focus for AARES and its members. Sig... more Environmental economics has been an increasingly significant focus for AARES and its members. Significant contributions began in the 1960's and 70's with conceptual insights into the causes for market failure and the design of appropriate policy responses. The practical orientation of the profession led to the development and application of analytical tools in a wide array of contexts. Prominent amongst these have been non-market valuation, market based policy instruments and the private sector provision of environmental protection. Interaction with natural and social scientists has been a feature. Cross fertilization has resulted to define emergent fields such as behavioural economics and ecological economics. Multidisciplinary endeavours have also grown in areas such as ecosystem service provision and integrated assessment modelling. These areas are likely to expand further with the ongoing contribution of core elements of the economics discipline.
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Papers by Jeff Bennett