Non‐Market Valuation: Usage and Impacts in Environmental Policy and Management in Australia

15 Pages Posted: 9 Jan 2015

See all articles by Abbie A. Rogers

Abbie A. Rogers

The University of Western Australia - School of Agricultural and Environment

Marit E. Kragt

University of Western Australia - School of Agricultural and Resource Economics

Fiona Gibson

The University of Western Australia - School of Agricultural and Environment

Michael Burton

The University of Western Australia

Elizabeth Petersen

Australian National University (ANU) - Research School of Pacific and Asian Studies (RSPAS)

David J. Pannell

University of Western Australia

Date Written: January 2015

Abstract

An extensive literature exists on environmental nonmarket valuation research. It appears that results from these studies should be useful inputs to decision‐making about environmental policy or management. Here, we investigate the extent to which this occurs in practice in Australian environmental management bodies. Nonmarket valuation experts were surveyed about their studies that they believed to have influenced policy. Then, decision‐makers in environmental bodies were interviewed about the level of influence nonmarket valuation has had on their decisions. We find that researchers' perceptions of the influence that nonmarket valuation has on decision‐making are overly optimistic. Interviews with decision‐makers suggest that nonmarket valuation is little used in decision‐making. Indeed, the majority of them are unfamiliar with nonmarket valuation techniques. Nevertheless, once the concept was explained to them, many decision‐makers believed it could benefit environmental policy. Researchers' perceptions of the reasons for low usage of nonmarket valuation are largely inaccurate. We suggest a range of strategies that economists can use to promote the use of nonmarket valuation in environmental policy and management decisions, including ways to improve communication and engagement with decision‐makers, and strategies to increase the capacity for decision‐makers to use nonmarket valuation results.

Keywords: decision‐making, environmental policy, nonmarket valuation

Suggested Citation

Rogers, Abbie A. and Kragt, Marit E. and Gibson, Fiona and Burton, Michael and Petersen, Elizabeth and Pannell, David J., Non‐Market Valuation: Usage and Impacts in Environmental Policy and Management in Australia (January 2015). Australian Journal of Agricultural and Resource Economics, Vol. 59, Issue 1, pp. 1-15, 2015. Available at SSRN: https://ssrn.com/abstract=2547198 or http://dx.doi.org/10.1111/1467-8489.12031

Abbie A. Rogers (Contact Author)

The University of Western Australia - School of Agricultural and Environment ( email )

Nedlands, Western Australia 6907
Australia

Marit E. Kragt

University of Western Australia - School of Agricultural and Resource Economics ( email )

M089 / 35 Stirling Highway
Crawley, WA Western Australia 6009
Australia

HOME PAGE: http://www.are.uwa.edu.au/contact/staff

Fiona Gibson

The University of Western Australia - School of Agricultural and Environment ( email )

Nedlands, Western Australia 6907
Australia

Michael Burton

The University of Western Australia ( email )

35 Stirling Highway
Crawley, Western Australia 6009
Australia

Elizabeth Petersen

Australian National University (ANU) - Research School of Pacific and Asian Studies (RSPAS) ( email )

Division of Economics, RSPAS
Canberra, Australian Capital Territory 0200
Australia

David J. Pannell

University of Western Australia ( email )

35 Stirling Highway
Crawley, Western Australia 6009
AUSTRALIA
(08) 9844 8659 (Phone)
(08) 9844 8659 (Fax)

HOME PAGE: http://www.general.uwa.edu.au/u/dpannell/welcome.html

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