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The objective of this paper is to estimate the non-market benefits of ecological river restoration and test their transferability across the second largest river basin in Europe. River restoration reduces flood risk and improves water quality, the welfare impacts of which are measured in an identical choice experiment conducted in three Danube river basin countries: Austria, Hungary and Romania. The...
Econometric modelling of decision uncertainty has received extensive attention in the contingent valuation literature, but these methods are not directly transferable to the realm of multi-attribute stated preference studies. In this paper, an integrated choice and latent variable model tracing the impact of decision uncertainty on the valuation of flood risk reductions in the Netherlands is developed...
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