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- W1533842852 abstract "This study examines incommensurability and uncertainty in the contingent valuation (CV) of forest and nature conservation. The purpose is to theoretically analyze incommensurability, develop its empirical measurement within CV, and analyze forest amenities under uncertainty. The main contribution of the study is its ability to provide a better understanding of the role of incommensurability in CV and in nonmarket valuation in general. Incommensurability is examined using the model of lexicographic preferences (L*ordering). The model of L*-ordering is extended with a many-to-many relationship between wants and goods. The existence and structure of inverse demand functions, willingness to pay (WTP) and willingness to accept (WTA) compensation, are derived from L*-ordering. Inverse demand functions are shown to be a function of three elements, viz. the relationship between wants and goods, the WTA/WTP format and the endowment of the good. In a CV survey concerning the Natura 2000 Network, commitment to private property rights is found to be a new reason for incommensurability. The two instruments used to empirically reveal lexicographic preferences, viz. paired comparisons and attitude statements, are examined in a CV survey considering regeneration cuttings in private forests in Finland. The results show that the methods can produce similar outcomes. A local CV survey was conducted in the municipality of Loppi in order to measure the value of forest amenities under the uncertainty emerging from regeneration cuttings. Respondents’ risk perceptions are measured using the fractile method, a novel risk communication vehicle in CV. The results indicate that people will be better off if they have information on cuttings beforehand." @default.
- W1533842852 created "2016-06-24" @default.
- W1533842852 creator A5087981422 @default.
- W1533842852 date "2004-01-01" @default.
- W1533842852 modified "2023-09-26" @default.
- W1533842852 title "Incommensurability and uncertainty in contingent valuation: willingness to pay for forest and nature conservation policies in Finland" @default.
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