TY - JOUR
T1 - The value of scientific information on climate change
T2 - a choice experiment on Rokua esker, Finland
AU - Koundouri, Phoebe
AU - Kougea, Eva
AU - Stithou, Mavra
AU - Ala-aho, Pertti
AU - Eskelinen, Riku
AU - Karjalainen, Timo P.
AU - Klove, Bjorn
AU - Pulido-Velazquez, Manuel
AU - Reinikainen, Kalle
AU - Rossi, Pekka Matias
PY - 2012/3
Y1 - 2012/3
N2 - This article presents an application of the choice experiment method in order to provide estimates of economic values generated by water quantity improvements in the environment. More importantly, this is the first choice experiment study valuing scientific information and in particular scientific information on climate change. The case study of interest is Rokua in Northern Finland, a groundwater dependent ecosystem very sensitive to climate change and natural variability. The study deals with the uncertainty about the actual dynamics of the system and the effect of future climate change by exploring whether the public values sustained provision of resources for scientific research to better understand long-term environmental changes in Rokua. Data are analysed using a nested multinomial logit and an error component model. Evidence from this study suggests that individuals are willing to pay in order to assure scientific research so as to better understand long-term environmental changes. As a result, policy should consider investing in and supporting related research. Other aspects of water management policy valued by the public are water quantity, recreation, and total land income.
AB - This article presents an application of the choice experiment method in order to provide estimates of economic values generated by water quantity improvements in the environment. More importantly, this is the first choice experiment study valuing scientific information and in particular scientific information on climate change. The case study of interest is Rokua in Northern Finland, a groundwater dependent ecosystem very sensitive to climate change and natural variability. The study deals with the uncertainty about the actual dynamics of the system and the effect of future climate change by exploring whether the public values sustained provision of resources for scientific research to better understand long-term environmental changes in Rokua. Data are analysed using a nested multinomial logit and an error component model. Evidence from this study suggests that individuals are willing to pay in order to assure scientific research so as to better understand long-term environmental changes. As a result, policy should consider investing in and supporting related research. Other aspects of water management policy valued by the public are water quantity, recreation, and total land income.
U2 - 10.1080/21606544.2011.647450
DO - 10.1080/21606544.2011.647450
M3 - Article
VL - 1
SP - 85
EP - 102
JO - Journal of Environmental Economics and Policy
JF - Journal of Environmental Economics and Policy
IS - 1
ER -
