1997
DOI: 10.1016/s0921-8009(97)00573-9
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Fynbos (fine bush) vegetation and the supply of water: a comparison of multi-criteria decision analysis and cost-benefit analysis

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Cited by 73 publications
(55 citation statements)
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“…hedonic pricing, travel costs, choice modelling), contingent valuation has become a widely used tool in cost-benefit analyses to elicit stated preferences on environmental matters (Spash et al 2005). The use of economic values for environmental impacts or services has been criticised, as there is doubt whether markets really reflect social preferences (Joubert et al 1997;Spash et al 2005). For example, a person's preference could be affected by budget constraints and would not state his or her real preference (Joubert et al 1997).…”
Section: Impact Assessmentmentioning
confidence: 99%
See 1 more Smart Citation
“…hedonic pricing, travel costs, choice modelling), contingent valuation has become a widely used tool in cost-benefit analyses to elicit stated preferences on environmental matters (Spash et al 2005). The use of economic values for environmental impacts or services has been criticised, as there is doubt whether markets really reflect social preferences (Joubert et al 1997;Spash et al 2005). For example, a person's preference could be affected by budget constraints and would not state his or her real preference (Joubert et al 1997).…”
Section: Impact Assessmentmentioning
confidence: 99%
“…The use of economic values for environmental impacts or services has been criticised, as there is doubt whether markets really reflect social preferences (Joubert et al 1997;Spash et al 2005). For example, a person's preference could be affected by budget constraints and would not state his or her real preference (Joubert et al 1997). Despite the criticism, economic valuation is considered an important method to incorporate ecosystem services into decision making (Mooney et al 2005;Bateman et al 2013), because the use of economic values has the advantage that the outcomes of a cost-benefit analysis are compatible with the market mechanism and that they are comprehensible to decision makers (Diakoulaki and Karangelis 2007).…”
Section: Impact Assessmentmentioning
confidence: 99%
“…Different authors (like e.g. Bosch and Kahn, 2003;Brouwer and van Ek, 2004;van Pelt, 1994;Joubert et al, 1997) have tried to conceptualise the decision between the two methods following an exclusion principle of certain criteria. Since this can either lead to an oversimplification of the choice of the method or to a too complex decision structure following the exclusion principle, we want to emphasise only two important strands of argumentation here.…”
Section: Implementation Guidelinesmentioning
confidence: 99%
“…The emphasis of these tools lies in providing a sound basis for decision makers' information to consider the alternative projects and to choose the optimal solution. Both CBA and MCA, try to present information in a reasoned, consistent and orderly way open to the interpretation of the decision maker (Joubert et al, 1997). It is noteworthy that CBA and MCA aim at constructing or creating information that can be useful to an actor taking part in a decision process.…”
Section: Introductionmentioning
confidence: 99%
“…Because of its transparency, MCDA is now a preferred alternative when it comes to making decisions involving more than one or more parties with multiple perspectives. In addition to being transparent, MCDA is now considered as one of the better techniques around because it offers accountability to decision procedures which according to [13] and [14] may otherwise have unclear motives and rationale. Accountability is achieved by being able to explicitly state the reasons for choosing an option and also being able to audit past decisions.…”
Section: Introductionmentioning
confidence: 99%