Nathaniel Merrill, Marisa Mazzotta, Kate Mulvaney, Joshua Sawyer, Julia Twichell, Sarina Atkinson, Darryl Keith, Laura Erban
{"title":"The value of water quality for coastal recreation in New England, USA.","authors":"Nathaniel Merrill, Marisa Mazzotta, Kate Mulvaney, Joshua Sawyer, Julia Twichell, Sarina Atkinson, Darryl Keith, Laura Erban","doi":"10.1017/age.2024.12","DOIUrl":"10.1017/age.2024.12","url":null,"abstract":"<p><p>Water recreation is valuable to people, and its value can be affected by changes in water quality. This paper presents the results of a revealed preference survey to elicit coastal New England, USA, residents' values for water recreation and water quality. We combined the survey responses with a comprehensive data set of coastal attributes, including in-water and remotely sensed water quality metrics. Using a travel cost model framework, we found water clarity and the bacterial conditions of coastal waters to be practical water quality inputs to economic analysis, available at appropriate scales, and meaningful to people and their behavior. Changes in clarity and bacterial conditions affected trip values, with a $4.5 change for a meter in clarity in Secchi depth and $0.08 for a one-unit bacteria change in colony-forming units per 100 ml. We demonstrate the large potential value of improving water quality through welfare analysis scenarios for Narragansett Bay, Rhode Island, and Cape Cod, Massachusetts, USA. The paper discusses lessons for improving the policy relevance and applicability of water quality valuation studies through improved water quality data collection, combined with the application of scalable analysis tools for valuation.</p>","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":"53 3","pages":"492-514"},"PeriodicalIF":1.3,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC12180910/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144477210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Information provision and preferences for more sustainable dairy farming: Choice experimental evidence from Sweden","authors":"O. Oyinbo, Helena Hansson","doi":"10.1017/age.2023.33","DOIUrl":"https://doi.org/10.1017/age.2023.33","url":null,"abstract":"\u0000 Dairy farming in Europe faces profound environmental, social, and economic sustainability challenges, which are of significant policy interest. These challenges support the need for a transition toward the uptake of more sustainable dairy farming practices. This paper examines the effects of an advisory instrument “balanced sustainability information” on farmers’ preferences for more grass-based feeding systems using a between-subjects design and a discrete choice experiment among a sample of Swedish dairy farmers. Conceptually, we develop a state-dependent utility framework with Bayesian updating to motivate the impact pathway. Our results demonstrate that on average, balanced sustainability information has negligible effects on farmers’ feed choices, which could be a consequence of opposing responses to the information, among others. Considering farmer heterogeneity based on their identities and prior knowledge, we find support for some evidence of treatment effects. Our findings highlight important and policy-relevant critical reflections about overoptimistic expectations of information provision as an instrument to nudge behavioral change toward more sustainable farming practices.","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":"72 3","pages":""},"PeriodicalIF":1.3,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139386072","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The distributional impact of FEMA’s community rating system","authors":"Daniel A. Brent, Yongwang Ren, Douglas H. Wrenn","doi":"10.1017/age.2023.37","DOIUrl":"https://doi.org/10.1017/age.2023.37","url":null,"abstract":"\u0000 Community Rating System (CRS) incentivizes investments in risk reduction above NFIP standards using discounts on insurance premiums. These discounts are cross-subsidized by increasing premiums in non-CRS communities. We examine the distribution of these subsidies and find that redistribution does occur, but the gains and losses are not economically large with 95% of households gaining or losing no more than 0.3% of household income. We also examine their relationship with other community characteristics and find that the strongest predictor of premium reductions is the underlying flood risk level within the community. Thus, CRS appears to reduce the cost of living in the riskier communities.","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":"118 38","pages":""},"PeriodicalIF":1.3,"publicationDate":"2024-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139387845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"AGE volume 52 issue 3 Cover and Front matter","authors":"","doi":"10.1017/age.2023.31","DOIUrl":"https://doi.org/10.1017/age.2023.31","url":null,"abstract":"An abstract is not available for this content so a preview has been provided. As you have access to this content, a full PDF is available via the ‘Save PDF’ action button.","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":"49 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136281585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Tasting and consumer demand for wine: do peers and experts matter?","authors":"Nadeeka Weerasekara, Nadia A. Streletskaya","doi":"10.1017/age.2023.11","DOIUrl":"https://doi.org/10.1017/age.2023.11","url":null,"abstract":"Abstract Expert and peer reviews and popularity are freely available both on the Internet and in printed materials for a variety of food products. Using two experimental studies with non-hypothetical tastings and auctions, we explore the impact of peer tasting popularity, actual peer ratings, and expert ratings on demand for wines consumers can or have tasted. We find that higher own wine ratings are associated with higher willingness to pay (WTP). Morevoer, higher peer and expert rating scores increase consumer WTP for wine even after controlling for the impact of consumers’ own ratings. Observed peer popularity also increases WTP for preferred wines.","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135853929","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Aligning values to labels: A best-worst analysis of food labels","authors":"Alexandria McLeod, Wei Yang, Di Fang, R. Nayga","doi":"10.1017/age.2023.28","DOIUrl":"https://doi.org/10.1017/age.2023.28","url":null,"abstract":"\u0000 Consumer misperception and misinterpretation of food labels can lead to consumers not buying a product or purchasing products that do not align with their environmental or sustainability interests. Consumer purchasing behavior can be explained by looking at consumer food values or food quality attributes. This study aimed to (a) determine the effect label information has on consumer preference shares for selected sustainability-related food labels and (b) if correlations exist between food labels and food values. To the best of our knowledge, this is the first study to examine the comprehension of 12 different labels and identify how food labels relate to food value preferences. Responses from the best-worst scaling experiment of food value and environmental food label choice sets were analyzed using the random parameter logit model. Results reveal preference shares changed for each label as more information was provided to the respondents about the various labels included in the study. These findings should support food policy efforts requiring strict, clear label standards. Food labels should represent the food’s core food values to increase consumer preference for the product. These findings also further support the need for efforts to increase consumer knowledge and understanding of the labels on food packaging.","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":"1 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43000281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Testing the robustness of a structural model for discerning use and non-use values of ecosystem services","authors":"Hyunjung Kim, Frank Lupi","doi":"10.1017/age.2023.26","DOIUrl":"https://doi.org/10.1017/age.2023.26","url":null,"abstract":"Abstract A theoretically consistent structural model facilitates definition and measurement of use and non-use benefits of ecosystem services. Unlike many previous approaches that utilize multiple stated choice situations, we apply this conceptual framework to a travel cost random utility model and a consequential single referendum contingent valuation research design for simultaneously estimating use and non-use willingness to pay for environmental quality improvement. We employ Monte Carlo generated data to evaluate properties of key parameters and examine the robustness of this method of measuring use and non-use values associated with quality change. The simulation study confirms that this new method, combined with simulated revealed and stated preference data can generally, but not always, be applied to successfully identify use and non-use values of various ecosystems while consistency is ensured.","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":"52 1","pages":"406 - 421"},"PeriodicalIF":1.3,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46305475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Valuing ecosystem services from restoring ancient irrigation systems: An application comparing labor vs. monetary payments for choice experiments","authors":"S. Dissanayake, S. Vidanage","doi":"10.1017/age.2023.24","DOIUrl":"https://doi.org/10.1017/age.2023.24","url":null,"abstract":"Abstract The use of stated preference methods with monetary payments in developing countries can be problematic as barter and paying with labor are common in rural areas. In response, a growing number of stated preference studies explore using monetary and nonmonetary payment options. We contribute to this literature by exploring the impact of monetary vs. labor payment options on values elicited from choice experiment studies conducted in rural developing country settings. We also contribute to the literature by comparing data-gathering methods, specifically individual surveys vs. group information sessions. Our application is the restoration of an ancient irrigation system known as cascading tank systems in Sri Lanka. We conduct a choice experiment to understand the willingness to pay/willingness to contribute of rural households to restore these irrigation systems. We find that in the individual survey setting, there are no significant differences between monetary and labor payments. We also find that there is no difference between the group and individual survey settings for the monetary payment treatment. For the labor payment treatment, the group setting results in a positive payment coefficient for the labor payment attribute. This highlights that labor payments should be used cautiously in group evaluation settings.","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":"52 1","pages":"422 - 449"},"PeriodicalIF":1.3,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43294771","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fed dairy cattle market reporting: Changing marketing methods, regional variation, and hedonic modeling","authors":"T. Schroeder, G. Tonsor, Brian K. Coffey","doi":"10.1017/age.2023.25","DOIUrl":"https://doi.org/10.1017/age.2023.25","url":null,"abstract":"\u0000 Fed dairy cattle represent an important and growing component of the U.S. fed cattle market. However, little is known about factors affecting fed dairy cattle transaction prices. This study analyzes confidential transaction-level data collected by United States Department of Agriculture Agricultural (USDA) Marketing Service (AMS) under Livestock Mandatory Reporting to determine how data collected for price reporting explains price variation. Hedonic models are developed to illustrate potential use to enhance fed dairy cattle price reporting. However, important price variation remains unexplained suggesting factors not available in AMS data are associated with fed dairy cattle price variation. We suggest AMS collect and utilize additional data to enhance price reporting.","PeriodicalId":44443,"journal":{"name":"Agricultural and Resource Economics Review","volume":" ","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47272727","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}