By Ian J. Bateman, Andrew A. Lovett, Julii S. Brainard
The advanced real-world interactions among the economic system and the surroundings shape either the point of interest of and major barrier to utilized learn in the box of environmental economics. although, geographical details structures (GIS) permit economists to take on such complexity head on by means of without delay incorporating varied datasets into utilized study instead of resorting to simplifying and sometimes unrealistic assumptions. This cutting edge booklet applies GIS innovations to spatial cost-benefit research of a fancy and topical land use swap problem--the conversion of agricultural land to multipurpose woodland--looking intimately at concerns corresponding to chance expenses, bushes yield, activity, carbon garage, etc.,
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Additional info for Applied Environmental Economics: A GIS Approach to Cost-Benefit Analysis
At appropriate points in the text we have sought to provide some updating of the economic and policy context and to comment on the applicability of the substantive ﬁndings in the light of this. As discussed above, the book considers the application of environmental economics using GIS through a case study concerning woodland, agriculture and a CBA comparison of land use change between the two. We begin with a consideration of the recreation value of woodland. This is subdivided into an appraisal of methods for the monetary evaluation of woodland recreation (Chapter 2), a review of previous valuation studies and presentation of our own studies (Chapter 3) and GIS-based analysis transferring results from these various evaluations to the case study area through predictions of the latent demand for visits (Chapter 4).
In the ﬁrst, preparatory, stage a ‘hypothetical’ or ‘contingent’ market is set up in which individuals are asked how much they are either WTP or WTA in respect of the proposed change in provision of the good under investigation. These questions may be framed using a variety of elicitation methods. ’, the amount X being systematically varied across the sample to test individuals’ responses to different bid levels. ). , 2001a). , forthcoming) have not to date been widely applied to the study of woodland recreation values.
Such resolution fails to identify individual farm locations thus rendering accurate production modelling infeasible. uk/EUDL/agriculture/). However, even these data do not report certain key proﬁtability variables vital to our analysis of the opportunity costs of converting land from agriculture to woodland. 12 Applied Environmental Economics of the European Union (EU) have responded to falls in the real price of sheep by diversifying into other sectors, Welsh agriculture has seen an intensiﬁcation of sheep-rearing with steadily increasing stocking densities (Fuller, 1996; Woodhouse, 2002).
Applied Environmental Economics: A GIS Approach to Cost-Benefit Analysis by Ian J. Bateman, Andrew A. Lovett, Julii S. Brainard