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

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Presentation transcript:

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 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

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

Methodological issues Scope effect Incentive compatibility issues

Case studies Hawkesbury – Nepean Lachlan Namoi

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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