Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorStrazzera, Elisabettaen_US
dc.contributor.authorCherchi, Elisabettaen_US
dc.contributor.authorFerrini, Silviaen_US
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.publisher|aFondazione Eni Enrico Mattei (FEEM) |cMilanoen_US
dc.relation.ispartofseries|aNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development |x63.2008en_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.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

Files in This Item:
426.22 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.