Research Area
Economic Valuation
Economic Valuation
Many decisions require trade-offs - balancing the benefits received against the costs of taking action. Various methods of economic valuation aim to examine and produce values for an array of goods, services and policies/projects. Economic valuations can provide important estimates of the value of goods, services and courses of action (including market-based and non-market valuation), reduce uncertainty and risk, and allow for the full consideration of all possible options. The AERU has extensive experience in providing economic valuations for range of end-users, including key institutions within New Zealand’s Government and primary sector.
Related Research
The AERU is currently engaged in a project to estimate the economic impact of extreme events in relation to climate change on New Zealand's primary sector, funded by MPI's Sustainable Land Management and Climate Change programme.
AERU researcher Dr Sini Miller assessed how Canterbury residents value and trade off multiple attributes of freshwater use, developing policy scenarios to explore impacts on employment, as well as the environmental, recreation, and cultural values associated with water.
The AERU was contracted by Ihi Research and Development to perform a cost-benefit analysis of the He Toki ki te Mahi initiative, and provide an analysis of the initiative's economic impact.
The AERU is contributing to a research programme that aims to estimate the economic values of braided rivers alongside the management implications, and contribute to understanding the benefits and costs to affected communities from the different braided river management options developed.
Since 2007 the AERU has been commissioned by Antarctica New Zealand to produce a report outlining the contributions of Antarctic-related activities to the Canterbury and New Zealand economies.
This study is part of a broader project by CEBRA and the Australian Government aimed at delivering updated knowledge on the benefits and costs of biological control of established pests in Australia.