Dr Michela Faccioli
Research Fellow in Environmental Economics/SWEEP Impact Fellow
+44 (0)1392 726690
LEEP, 1st floor
Xfi Building, University of Exeter, Rennes Drive, Exeter, EX4 4ST, UK
Michela is a post-doctoral Research Fellow at the Land, Environment, Economics and Policy (LEEP) Institute at the University of Exeter. Her main research focuses on the economic valuation of the environment to quantify and monetize the benefits that society obtains from the conservation of the natural environment. This information is useful in cost-benefit analysis and for the design of natural capital accounts for the support of policy-makers and businesses in decision-making involving the environment.
Michela received her PhD in Applied (Environmental) Economics from University of the Balearic Islands (Spain) in 2015. She took up a post-doc position in the Social, Economic, Geographical Sciences Research Group at the James Hutton Institute (Scotland) in 2015, and in 2018 joined the Land, Environment, Economics and Policy (LEEP) research group at the University of Exeter.
- Non-Market Valuation: Stated Preferences and Revealed Preferences
- Discrete choice experiments and choice modelling
- Natural Capital Accounting
- Time preferences
- Uncertainty and risk attitudes
- Climate change
- Wetlands, peatlands, farmland, forests, natural parks
Michela’s research focuses on the economic valuation of the environment to understand and quantify (in monetized terms) the non-market benefits and values that society obtains from the conservation of the natural environment. This information can be useful to inform cost-benefit analysis about the profitability of future policies to maintain, enhance or restore habitats. It can also inform the design of natural capital accounts, which summarize information about the ‘environmental’ performance of businesses and public decision-makers over time.
In her research, Michela has mostly used discrete choice experiments to explore people’s preferences (choices) for environmental goods and services. In her projects, often designed in a climate change setting, Michela has investigated recreationists’ preferences for biodiversity (birds) conservation in wetlands, the public’s willingness to pay for peatland restoration and people’s preferences for the protection of biodiversity (birds) and water ecological conditions in farmland areas. Methodologically, her research interests include the effect of risk and uncertainty on stated preferences for environmental outcomes, the sensitivity of preferences to the timing of outcome provision and, more recently, framing effects and individuals’ choice strategies in different choice contexts.
Current research projects (main):
- South West Partnership for Environmental and Economic Prosperity (SWEEP, NERC-funded project)
- Natural Capital Accounts for South West Waters and Dartmoor and Exmoor National Parks
- Recreational demand modelling
- Design of mechanisms to incentivise farmers to adopt more sustainable agricultural practices
- Updating of the Woodland Valuation Tool (Forestry Commission-funded project)
Past research projects (main):
- Climate change effects on tourist demand. Empirical evidence and adaptation measures (Spanish Government-funded project)
- Challenges in economic valuation of wetland protection under climate change impacts (PhD project)
- PROVIDE project (EU-H2020 project) exploring mechanisms for a smart delivery of public goods from agriculture and forestry in the EU.
- Scottish Government Rural Affairs and Environment Strategic Research Programme (RESAS) 2016-2021 (Scottish Government-funded project)
- RD 1.4.1. Natural Asset Register and Natural Capital Accounts
- RD 1.1.4.Soil Management (Monetary valuation of Ecosystem Services from Peatlands)
- CxC project on the cost-effectiveness of peatland restoration
Publications by category
Publications by year
- James Hutton Institute Honorary Research Associate