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MEASUREMENT OF ENVIRONMENTAL TRADE‐OFFS AND PUBLIC POLICY: A CASE STUDY 1
Author(s) -
Pendse Dilip,
Wyckoff J. B.
Publication year - 1976
Publication title -
jawra journal of the american water resources association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.957
H-Index - 105
eISSN - 1752-1688
pISSN - 1093-474X
DOI - 10.1111/j.1752-1688.1976.tb00209.x
Subject(s) - interview , value (mathematics) , quality (philosophy) , perception , environmental economics , computer science , economics , psychology , machine learning , philosophy , epistemology , neuroscience , political science , law
The search for an adequate methodology to quantify environmental trade‐offs led to a simulation technique, the Priority Evaluator Technique (PET). The PET was applied to determine values and trade‐off preferences for environmental variables related to a proposed reservoir project. The PET simulates real world situations and allows the respondents to evaluate their preferences within a fixed cost framework. It systematically checks the respondents's perception of the existing conditions and compares the changes sought. From the responses obtained via interviewing, one can establish the extent to which respondents are satisfied with the prevailing conditions, the magnitude and direction of changes sought, the quality trade‐offs, and the relative value of different situations. The PET is flexible and can accommodate alternative planning decisions, prices, incomes, and end factors. The promise shown by this application of the PET should encourage further exploration and evaluation.