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