VERBI VEnice Research BIbliography
VERBI VEnice Research BIbliography |
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Nunes, P., & Nijkamp, P. (2002). Economic value assessment of alternative fishing management practices for the venice lagoon: A proposal for conjoint analysis. Scientific Research and Safeguarding of Venice, Corila Research Program 2001 Results, I, 63–68.
Added by: Dott. Alessandro Meggiato (28/05/2014 16:19:18) |
| Tipo di Risorsa: Articolo di Rivista Chiave di citazione BibTeX: Nunes2002 Invia la risorsa per email ad un amico View all bibliographic details  |
Categorie: General Keywords: economia e aspetti sociali - Economics, extend abstract corila, pesca Creatori: Nijkamp, Nunes Collezione: Scientific Research and Safeguarding of Venice, Corila Research Program 2001 Results |
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| Abstract |
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An economic valuation exercise is anchored in the analysis of a change on the fishing management practices and not in the analysis a specific management practice. In other words, economists are able to assess the total economic value of the change of the current management practice to an alternative-fishing scenario. The economic valuation methodology that we suggest to apply is identified in the literature as conjoint analysis. This is characterized by the development of a survey narrative and monetary valuation mechanism that are characterized by presenting a set of two, or more, alternatives – interpreted in terms of a policy package – and ask the respondent to choose one from them. The valuation exercise is real: respondents need to make a choice about two policy packages, described in terms of different levels of provision among the set of fishing attributes under consideration. This gives to the researcher additional flexibility in the design of the policy packages since we have the freedom to set, alter, and combine different levels of attributes for each set of alternatives. In addition, conjoint analysis presents an important vantage to the well-know contingent valuation method since it allows not only for the total economic valuation of a change in the fishing management practice, but also capable of valuing (at the margin) each of the relevant attributes in analysis. The value assessment of each attribute requires the development and application of a model of individual consumer behavior. In the present study we explore the use of the random utility model. Added by: Dott. Alessandro Meggiato |