Browsing by Author "Wynne-Jones, Catherine"

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    The valuation of Intaka Island : a comparison of the contingent valuation method and hedonic pricing analysis
    (2005) Wynne-Jones, Catherine; Leiman, Anthony
    There are an increasing number of techniques used in the valuation of environmental services. Contingent valuation is the most frequently used stated preference technique, while hedonic pricing analysis is an alternative revealed preference technique employed for the determination of the value attached to a public good. This paper uses both techniques to study the utility generated by Intaka Island, a 16-hectare nature area situated in a rapidly developing area of Cape Town.