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dc.contributor.authorStrazzera, Elisabettaen_US
dc.contributor.authorCherchi, Elisabettaen_US
dc.contributor.authorFerrini, Silviaen_US
dc.date.accessioned2011-01-13en_US
dc.date.accessioned2011-12-15T11:31:53Z-
dc.date.available2011-12-15T11:31:53Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/53247-
dc.description.abstractThis study adopts a discrete choice modelling methodology to evaluate individuals' preferences over planning alternatives for an urban site of environmental interest. Since such projects involve some uncertainty and irreversibility, a special attention is devoted to the estimation of the quasi-option values which are associated to project development. Two distinct measures for the quasi-option value are estimated, and both coefficients indicate that the public places a significant value on reduction of the possibility of adverse irreversible effects: a more prudent development strategy is valued about four times more than a procedure that provides a lesser hedge against undesired outcomes. Furthermore, the study involved elicitation of intertemporal preferences over projects with different time spans, and estimation of the implicit discount rates: the values obtained seem high if compared to standard discount rates applied to public projects, but not far from current interest rates on consumption.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei (FEEM) Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 63.2008en_US
dc.subject.jelC35en_US
dc.subject.jelQ51en_US
dc.subject.jelR41en_US
dc.subject.ddc330en_US
dc.subject.keywordUrban Planningen_US
dc.subject.keywordEnvironmental Valuesen_US
dc.subject.keywordChoice Modellingen_US
dc.subject.keywordUse Valuesen_US
dc.subject.keywordQuasi-option Valuesen_US
dc.subject.keywordDiscountingen_US
dc.titleA choice modelling approach for assessment of use and quasi-option values in urban planning for areas of environmental interesten_US
dc.typeWorking Paperen_US
dc.identifier.ppn643905219en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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