Enhancing the Content Validity of Stated Preference Valuation: The Structure and Function of Ecological Indicators

Johnston, Robert J.; Schultz, Eric T.; Segerson, Kathleen; Besedin, Elena Y.; Ramachandran, Mahesh

doi:10.3368/le.88.1.102

Cited by 82 publications

(60 citation statements)

References 64 publications

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“…While the primary focus of anglers during fishing trip may be to catch and harvest as many fish and travel only a reasonable distance to do so, they enjoy other attributes that are indicative of a healthy ecosystem. As Johnston et al (2012) note, one of the major limitations of past discrete choice or contingent valuation studies of recreational fisheries is to grossly oversimplify other ecological improvements of a restoration plan (e.g., defining the improvements in low, medium, and high levels). By doing so, the estimates of WTP for fishery improvements could be overestimated as respondents may bundle their value for other ecological aspects of improvements with fishery improvements.…”

Section: Discussionmentioning

confidence: 99%

“…By doing so, the estimates of WTP for fishery improvements could be overestimated as respondents may bundle their value for other ecological aspects of improvements with fishery improvements. Johnston et al (2012), therefore, used a single composite ecohealth index in addition to fish catch, access, and economic attributes. The WTP for the catch variable turned out be very insignificant upon including the ecohealth indicator variable in their survey.…”

Section: Discussionmentioning

confidence: 99%

“…As the focus of this analysis was the valuation of ecosystem services that were relevant to common users like recreational anglers, it was necessary to keep the measure simple and meaningful to foster better grasp of the measure by the anglers and others. Following Johnston et al (2012) and Mitchell and Carson (1989), to quantify both intermediate and final ecosystem services, overall ecosystem health was included as a "holistic measure of the ecosystem condition in survey scenarios to quantify this final ecosystem service. "…”

Section: Penalty Function Developmentmentioning

confidence: 99%

“…Respondents were presented with a choice card in which they were asked to select their preferred scenario, valuing percent changes in various fishery attributes and the overall ecological condition from the current level. Johnston et al (2012) stress the need that a stated preference survey include a comprehensive set of indicators representing both direct and indirect outcomes of management policy that would contribute to respondents' welfare. Failure to do so conveys an 'ambiguous' ecological description of services to the survey respondents.…”

Section: Penalty Function Developmentmentioning

confidence: 99%

“…Following Johnston et al (2011Johnston et al ( , 2012, economic values are developed using a stated preference discrete choice experiment, taking care to provide respondents with the relevant ecological and hydrological knowledge essential for making informed choices to ensure valid willingness to pay estimates. At the end, this integrated methodology allows us to estimate losses in economic welfare due to missing monthly freshwater delivery targets in the Everglades.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Ecological-economic assessment of the effects of freshwater flow in the Florida Everglades on recreational fisheries

Brown

Bhat

Rehage

et al. 2018

Science of The Total Environment

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• Develops an integrated methodology linking Everglades hydrology to economic values • First ever estimate of anglers' willingness to pay for Everglades recreational experience • Estimates losses in economic welfare due to missing freshwater delivery targets and implicit price of water use for recreation at $41.54 AF -1 • Relevant applications to management, restoration, and climate scenario analysis This research develops an integrated methodology to determine the economic value to anglers of recreational fishery ecosystem services in Everglades National Park that could result from different water management scenarios. The study first used bio-hydrological models to link managed freshwater inflows to indicators of fishery productivity and ecosystem health, then link those models to anglers' willingness-to-pay for various attributes of the recreational fishing experience and monthly fishing effort. This approach allowed us to estimate the foregone economic benefits of failing to meet monthly freshwater delivery targets. The study found that the managed freshwater delivery to the Park had declined substantially over the years and had fallen short of management targets. This shortage in the flow resulted in the decline of biological productivity of recreational fisheries in downstream coastal areas. This decline had in turn contributed to reductions in the overall economic value of recreational ecosystem services enjoyed by anglers. The study estimated the annual value of lost recreational services at $68.81 million. The losses were greater in the months of dry season when the water shortage was higher and the number of anglers fishing also was higher than the levels in wet season. The study also developed conservative estimates of implicit price of water for recreation, which ranged from $11.88 per AF in November to $112.11 per AF in April. The annual average price was $41.54 per AF. Linking anglers' recreational preference directly to a decision variable such as water delivery is a powerful and effective way to make management decision. G R A P H I C A L A B S T R A C T a b s t r a c t a r t i c l e i n f o Contents lists available at ScienceDirectScience of the Total Environment j o u r n a l h o m e p a g e : w w w . e l s e v i e r . c o m / l o c a t e / s c i t o t e n v This document is a U.S. government work and is not subject to copyright in the United States.This methodology has relevant applications to water resource management, serving as useful decision-support metrics, as well as for policy and restoration scenario analysis.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Penalty Function Developmentmentioning

confidence: 99%

Section: Penalty Function Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Ecological-economic assessment of the effects of freshwater flow in the Florida Everglades on recreational fisheries

Brown

Bhat

Rehage

et al. 2018

Science of The Total Environment

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Restoring Sociocultural Relationships with Rivers

et al. 2021

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Nonmarket Valuation in the Environmental Protection Agency's Regulatory Process

Petrolia¹,

Guignet²,

Whitehead³

et al. 2020

Applied Eco Perspectives Pol

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This paper reviews the use of nonmarket valuation in environmental policy at the US Environmental Protection Agency (EPA). We examine trends in the literature over the last forty‐five years and compare those trends to how often nonmarket benefits are monetized and which methods are used in 49 recent EPA Regulatory Impact Analyses. We also review EPA awarded research grants and their focus. We conclude that the nonmarket valuation literature continues to grow but that many nonmarket benefits go unquantified and unmonetized in policy analysis. Policy applications of nonmarket studies are generally limited to a small and dated body of work.

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Enhancing the Content Validity of Stated Preference Valuation: The Structure and Function of Ecological Indicators

Cited by 82 publications

References 64 publications

Ecological-economic assessment of the effects of freshwater flow in the Florida Everglades on recreational fisheries

Ecological-economic assessment of the effects of freshwater flow in the Florida Everglades on recreational fisheries

Restoring Sociocultural Relationships with Rivers

Nonmarket Valuation in the Environmental Protection Agency's Regulatory Process

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