2007/11/01 by R. Scarpa, Riccardo Scarpa, D. Campbell +3 · 1 citation
Economics, Econometrics and Finance · Environmental Science · #Economic and Environmental Valuation #Housing Market and Economics #Land Use and Ecosystem Services
paper · doi:10.3368/le.83.4.617
crossref issued 2007/11/01 · crossref published 2007/11/01 · crossref published-print 2007/11/01 · openalex publication_date 2007/11/01 · crossref created 2015/08/06 · crossref deposited 2020/10/22 · openalex created_date 2025/10/10 · crossref indexed 2026/07/28 · openalex updated_date 2026/07/28
<i>A multi-attribute, stated-preference approach is used to value low and high impact actions on four major landscape components addressed by the Rural Environment Protection Scheme in Ireland. Several methodological issues are addressed: the use of prior beliefs on the relative magnitudes of parameters, standardized description of different levels of landscape improvements via image manipulation software, adoption of efficiency-increasing sequential experimental design, and sensitivity of benefit estimates to inclusion of responses from ‘‘irrational’’ respondents. Results suggest that Bayesian design updating delivers significant efficiency gains without loss in respondent efficiency, and estimates are upward-biased when irrational respondents are included.</i> (JEL Q24, Q51)