Choice Modelling in the development of natural resources management strategies in NSW
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Transcript of Choice Modelling in the development of natural resources management strategies in NSW
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CRAWFORD SCHOOL of Economics and Government
Choice Modelling in the development of natural resources management strategies
in NSW
Kasia Mazur
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CRAWFORD SCHOOL of Economics and Government Outline
Issue Objectives Methodological issues Conclusion
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CRAWFORD SCHOOL of Economics and Government
Issues
No consistent methodology for the assessments of NRM investments
Previous methods: MCA, CUA, CEA Non-market values and community preferences for
resource allocation ignored Net welfare changes- difficult to identify Complexity of the interactions between
environmental, social and economic systems
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CRAWFORD SCHOOL of Economics and Government
Objectives
Estimate the welfare changes using BCA
Determine readily transferable environmental estimates using CM
Integrate environmental values into a optimisation tool (MOSAIC)
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CRAWFORD SCHOOL of Economics and Government
Methodological issues
Scope effect Incentive compatibility issues
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CRAWFORD SCHOOL of Economics and Government Case studies Hawkesbury – Nepean Lachlan Namoi
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CRAWFORD SCHOOL of Economics and Government
Conclusion
The study will: identify socially–optimal NRM investments identify easily transferable environmental values Develop a decision making tool that can provide
future cost and time savings for similar assessments Investigate new approaches for dealing with scope
and incentive compatibility issues