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| Author: | Russell, C. et al. |
| Title: | Experimenting with multi-attribute utility survey methods in a multi-dimensional valuation problem |
| Journal: | Ecological Economics
2001 : JAN, VOL. 36:1, p. 87-108 |
| Index terms: | ECOLOGY ENVIRONMENTAL ACCOUNTING FORESTRY INDUSTRY |
| Language: | eng |
| Abstract: | The use of willingness-to-pay (WTP) survey techniques based on multi-attribute utility (MAU) approaches has been recommended by some authors as a way to deal simultaneously with two difficulties that increasingly plague environmental valuation. This paper asks whether MAU techniques can be shown to "make a difference" in the context of questions about preferences over, and valuation of differences between, alternative descriptions of a forest ecosystem. Making a difference is defined in terms of internal consistency of answers to preference and WTP involving three 5-attribute forest descriptions. |
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