A combinatorial optimization approach to nonmarket environmental benefit aggregation via simulated populations

S. Hynes, N. Hanley, C. O'Donoghue

    Research output: Contribution to journalArticlepeer-review

    14 Citations (Scopus)

    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 willingness-to-pay 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.
    Original languageEnglish
    Pages (from-to)345-362
    Number of pages18
    JournalLand Economics
    Volume86
    Issue number2
    Publication statusPublished - 1 May 2010

    Fingerprint

    Dive into the research topics of 'A combinatorial optimization approach to nonmarket environmental benefit aggregation via simulated populations'. Together they form a unique fingerprint.

    Cite this