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Choice Modelling in the development of natural resources management strategies in NSW

Choice Modelling in the development of natural resources management strategies in NSW. Kasia Mazur. Outline. Issue Objectives Methodological issues Conclusion. Issues. No consistent methodology for the assessments of NRM investments Previous methods: MCA, CUA, CEA

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Choice Modelling in the development of natural resources management strategies in NSW

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  1. Choice Modelling in the development of natural resources management strategies in NSW Kasia Mazur

  2. Outline • Issue • Objectives • Methodological issues • Conclusion

  3. 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

  4. Objectives • Estimate the welfare changes using BCA • Determine readily transferable environmental estimates using CM • Integrate environmental values into a optimisation tool (MOSAIC)

  5. Methodological issues • Scope effect • Incentive compatibility issues

  6. Case studies • Hawkesbury – Nepean • Lachlan • Namoi

  7. 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

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