Stated Preference Approaches to Value Environmental Benefits of Local Environmental Taxes
are forestry conservation, urban green space preservation, and river water quality improvement. This study is based on data collected by mail surveys of residents of three prefectures. Two types of tests can be conducted to test the transferability of environmental benefits, i.e., likelihood ratio (LR) test and direct transfer test by a convolution approach. The results suggested that CVM passed LR tests but choice experiment did not. On the other hand, direct transfer test showed more reliable results for both valuation methods.
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