Environmental And Resource Valuation With Revealed Preferences
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Author | : Nancy E. Bockstael |
Publisher | : Springer Science & Business Media |
Total Pages | : 385 |
Release | : 2007-03-31 |
Genre | : Business & Economics |
ISBN | : 1402053185 |
Download Environmental and Resource Valuation with Revealed Preferences Book in PDF, Epub and Kindle
This book provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades. The book provides a candid review of the major conceptual challenges and an exploration of neglected issues in the literature.
Author | : Patricia A. Champ |
Publisher | : Springer |
Total Pages | : 508 |
Release | : 2017-02-08 |
Genre | : Business & Economics |
ISBN | : 9400771045 |
Download A Primer on Nonmarket Valuation Book in PDF, Epub and Kindle
This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values. The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.
Author | : Catherine L. Kling |
Publisher | : Routledge |
Total Pages | : 1218 |
Release | : 2019-01-22 |
Genre | : Business & Economics |
ISBN | : 1351903446 |
Download Revealed Preference Approaches to Environmental Valuation Volumes I and II Book in PDF, Epub and Kindle
In this two volume collection the editors have chosen a sample of some of the most essential and inspirational articles and papers for understanding revealed preference methods to value environmental amenities. The papers cover the gamut of methods that are typically classified as revealed preference approaches - including: recreation demand models, hedonic methods, and averting behavior methods, as well as efforts to combine stated and revealed preferences. While this collection is far from exhaustive, the editors have included papers they believe will represent the state of the art in the theory and application of revealed preference methods, contribute to development of the state of the art, or raise fundamental challenges and insights that will drive the research agenda in the coming years.
Author | : John Whitehead |
Publisher | : Routledge |
Total Pages | : 371 |
Release | : 2012-03-15 |
Genre | : Business & Economics |
ISBN | : 1136812210 |
Download Preference Data for Environmental Valuation Book in PDF, Epub and Kindle
The monetary valuation of environmental goods and services has evolved from a fringe field of study in the late 1970s and early 1980s to a primary focus of environmental economists over the past decade. Despite its rapid growth, practitioners of valuation techniques often find themselves defending their practices to both users of the results of applied studies and, perhaps more troubling, to other practitioners. One of the more heated threads of this internal debate over valuation techniques revolves around the types of data to use in performing a valuation study. In the infant years of the development of valuation techniques, two schools of thought emerged: the revealed preference school and the stated preference school, the latter of which is perhaps most associated with the contingent valuation method. In the midst of this debate an exciting new approach to non-market valuation was developed in the 1990s: a combination and joint estimation of revealed preference and stated preference data. There are two primary objectives for this book. One objective is to fill a gap in the nonmarket valuation "primer" literature. A number of books have appeared over the past decade that develop the theory and methods of nonmarket valuation but each takes an individual nonmarket valuation method approach. This book considers each of these valuation methods in combination with another method. These relationships can be exploited econometrically to obtain more valid and reliable estimates of willingness-to-pay relative to the individual methods. The second objective is to showcase recent and novel applications of data combination and joint estimation via a set of original, state-of-the-art studies that are contributed by leading researchers in the field. This book will be accessible to economists and consultants working in business or government, as well as an invaluable resource for researchers and students alike.
Author | : Richard C. Bishop |
Publisher | : Springer Science & Business Media |
Total Pages | : 289 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461557410 |
Download Environmental Resource Valuation Book in PDF, Epub and Kindle
Economic values are increasingly used in policy analysis and legal settings. With the growing recognition that many of the things that benefit or harm people are outside the market system, have come increasing efforts to develop nonmarket valuation techniques. One such technique is the contingent valuation method (CVM). CVM seeks to value environmental and other nonmarket goods and services by asking individuals about their values using survey methods. These procedures are different from the `revealed-preference' methods that economists have historically employed to estimate economic values. Why depart from well-established revealed-preference procedures and apply a `stated-preference' method like CVM? For nonmarket goods and services, revealed-preference methods have two shortcomings that those applying CVM hope to avoid. First, revealed-preference methods involve econometric problems that have yet to be fully overcome. The second shortcoming of revealed-preference methods is that such methods, when applied to environmental amenities, are likely to be only partial measures of value. Given the tremendous interest that exists in economic values and the limitations of revealed-preference methods, it is not surprising that interest in CVM has grown rapidly. Environmental Resource Valuation reviews the application of CVM and compares American experiences in nonmarket evaluation with those in other countries.
Author | : Nancy E. Bockstael |
Publisher | : Springer London |
Total Pages | : 350 |
Release | : 2006-02-01 |
Genre | : Business & Economics |
ISBN | : 9781402040801 |
Download Environmental Valuation with Revealed Preferences Book in PDF, Epub and Kindle
Author | : A. Myrick Freeman |
Publisher | : Resources for the Future |
Total Pages | : 516 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9781891853623 |
Download The Measurement of Environmental and Resource Values Book in PDF, Epub and Kindle
Non-market valuation is becoming increasingly accepted as an evaluative tool of economics related to environmental and resource protection. Freeman (economics, Bowdoin College) presents an overview of the literature, introducing the principal methods and techniques of resource valuation. Chapters cover the measurement of welfare changes, revealed and stated preference models, nonuse models, aggregation of values across time, environmental quality as factor input, longevity and health valuation, property value models, hedonic wage models, and recreational uses of natural resource systems. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).
Author | : Ian Bateman |
Publisher | : Edward Elgar Publishing |
Total Pages | : 488 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : |
Download Economic Valuation with Stated Preference Techniques Book in PDF, Epub and Kindle
This manual offers a detailed, up-to-date explanation of how to carry out stated preference techniques. The techniques use surveys to ask individuals how much they would be willing to pay or willing to accept in compensation for gains or losses of non-market goods and services. Applications of the technique include changes in air and water quality; noise nuisance; health care; risk; recorded heritage; cultural assets; habitats; Landscape and so on. It shows how to choose the most appropriate technique and how to design the questionnaires. Detailed advice on econometric analysis is provided, as well as explanation of the pitfalls that need to be avoided.
Author | : Myrick Freeman, III |
Publisher | : Routledge |
Total Pages | : 514 |
Release | : 2010-09-30 |
Genre | : Business & Economics |
ISBN | : 1136522425 |
Download The Measurement of Environmental and Resource Values Book in PDF, Epub and Kindle
First Published in 2003. Routledge is an imprint of Taylor & Francis, an informa company.
Author | : Frew Hailu |
Publisher | : GRIN Verlag |
Total Pages | : 40 |
Release | : 2014-11-10 |
Genre | : Business & Economics |
ISBN | : 3656834652 |
Download The Economic Value of Natural and Environmental Resource Book in PDF, Epub and Kindle
Studienarbeit aus dem Jahr 2013 im Fachbereich VWL - Umweltökonomie, , Veranstaltung: Environmental Economics, Sprache: Deutsch, Abstract: Monetary valuation of environmental goods has by now become the subject of numerous economic books and articles. Interest in the topic seems to be increasing in the economics profession, and theoretical insight, methodological improvements and the numbers of empirical findings are expanding rapidly. The aim of such valuation is usually to incorporate environmental concerns into a cost-benefit analysis. Another purpose is to construct environmentally adjusted national income measures Environmental value estimates have also been combined with macroeconomic models, e.g. to estimate welfare effects of a climate treaty Further, estimated willingness to pay is now accepted in the USA as a basis for legal compensation claims for damages to natural resources caused by spill of hazardous substances (Nyborg, 1996) Valuation can simply be defined “as an attempt to put monetary values or to environmental goods and services or natural resources”. It is a key exercise in economic analysis and its results provide important information about values of environmental goods and services. This information can be used to influence decisions about wise use and conservation of forests and other ecosystems. The basic aim of valuation is to determine people’s preferences by gauging how much they are willing to pay (WTP) for given benefits or certain environmental attributes e.g. keep a forest ecosystem intact. In other words, valuation also tries to gauge how much worse off they would consider themselves to be as a result of changes in the state of the environment such as degradation of a forest. Economic valuation never refers to a stock, but only the change in a stock. If one speaks of the economic value of biodiversity, then one always means the economic value of a change of biodiversity. It is not a question of determining the ‘true’ value of biodiversity or ecosystems but valuing changes and comparing them with their alternatives, e.g. with a golf course vs without a golf course. Thus it is non-sense to ask “how much are the African National Parks worth?” A plausible question in this case would be: ‘WWF has proposed a new policy to prevent the huge losses of wildlife species from African National Parks. What is the monetary value of the benefits of this policy (i.e., the economic damages avoided)? Economists thus stress that the valuation should focus on changes rather than levels of biodiversity or ecosystem. [...]