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A stimulating annealing approach to non-market environmental benefit aggregation.

Hynes, Stephen
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Identifiers
http://hdl.handle.net/10379/1943
 https://doi.org/10.13025/23027
Publication Date
2010-12
Keywords
Economics, Combinatorial optimization, Contingent valuation, Spatial microsimulation, Non-market benefit aggregation
Type
Working Paper
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Citation
Hynes, S., Hanley, N., & O'Donoghue, C. (2010). A stimulating annealing approach to non-market environmental benefit aggregation (Economics Working Paper no. 166): Department of Economics, National University of Ireland, Galway.
Abstract
This paper considers the use of a 'combinatorial optimization' technique in the aggregation of environmental benefit values. Combinatorial optimization is used to statistically match population census data to a Contingent Valuation survey. The matched survey and census information is then used to produce regional and national total WTP figures. These figures are then compared to figures derived using more standard approaches to calculating aggregate environment benefit values. The choice of aggregation approach is shown to have a major impact upon estimates of total benefits at a regional level, especially when the target population displays considerable heterogeneity across space.
Funder
Dept. of Agriculture, Fisheries and Food (Rural Stimulus Funded)
Publisher
National University of Ireland, Galway
Publisher DOI
Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland
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Collections
Economics (Working Papers)