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FEEM Working Papers, Fondazione Eni Enrico Mattei >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/53247
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Strazzera, Elisabetta | | en_US |
| dc.contributor.author | | Cherchi, Elisabetta | | en_US |
| dc.contributor.author | | Ferrini, Silvia | | en_US |
| dc.date.accessioned | | 2011-01-13 | | en_US |
| dc.date.accessioned | | 2011-12-15T11:31:53Z | | - |
| dc.date.available | | 2011-12-15T11:31:53Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/53247 | | - |
| dc.description.abstract | | This 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.iso | | eng | | en_US |
| dc.publisher | | Fondazione Eni Enrico Mattei Milano | | en_US |
| dc.relation.ispartofseries | | Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 63.2008 | | en_US |
| dc.subject.jel | | C35 | | en_US |
| dc.subject.jel | | Q51 | | en_US |
| dc.subject.jel | | R41 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Urban Planning | | en_US |
| dc.subject.keyword | | Environmental Values | | en_US |
| dc.subject.keyword | | Choice Modelling | | en_US |
| dc.subject.keyword | | Use Values | | en_US |
| dc.subject.keyword | | Quasi-option Values | | en_US |
| dc.subject.keyword | | Discounting | | en_US |
| dc.title | | A choice modelling approach for assessment of use and quasi-option values in urban planning for areas of environmental interest | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 643905219 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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