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Valuing the Multiple Impacts of Pesticide Use in the UK: A Contingent Ranking Approach
Author(s) -
Foster Vivien,
Mourato Susana
Publication year - 2000
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.2000.tb01206.x
Subject(s) - ranking (information retrieval) , payment , econometrics , logit , mixed logit , rank (graph theory) , logistic regression , economics , value (mathematics) , human health , representation (politics) , contingent valuation , statistics , product (mathematics) , actuarial science , willingness to pay , environmental economics , business , mathematics , computer science , environmental health , microeconomics , medicine , geometry , finance , combinatorics , machine learning , politics , political science , law
The contingent ranking method was used to estimate the value of the human health and biodiversity impacts associated with pesticide applications, using a “green” consumer product as a payment vehicle. Specification testing showed that the standard conditional logit model provides a representation of these data preferable to the rank‐ordered logit variant. The resulting estimates ‐ which perform well in terms of standard validity tests ‐ show that, on average, consumers are only willing to tolerate between six and eight cases of human illness to save an entire species of farmland birds.