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The Measurement Of Environmental And Resource Values

Author: A. Myrick Freeman III
Publisher: Routledge
ISBN: 1317703928
Size: 43.89 MB
Format: PDF
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The first edition of this important work was the winner of the 2002 Publication of Enduring Quality award by the Association of Environmental and Resource Economists. The continuing premise for the book is that estimates of the economic values of environmental and natural resource services are essential for effective policy-making. As previous editions, the third edition, which includes two additional co-authors, presents a comprehensive treatment of the theory and methods involved in estimating environmental benefits. Researchers, policy-makers, and practitioners will welcome the work as an up-to-date reference on recent developments. Students will gain a better understanding of the contribution that economics as a discipline can make to decisions concerning pollution control and human health, recreation, environmental amenities, and other critical issues concerning the way we use and interact with environmental and natural resource systems. To reflect recent progress in both the theory and practice of non-market valuation, the third edition includes more details on empirical approaches to measurement, expanded discussion of the reasons for divergence between "willingness to pay" and "willingness to accept compensation," and increased coverage of econometric issues encountered in estimation. In keeping with its cutting edge orientation, it also includes more discussion of survey design, equilibrium sorting models, and the implications of behavioral economics for welfare measurements and benefit cost analysis.

Valuing Environmental And Natural Resources

Author: Timothy C. Haab
Publisher: Edward Elgar Publishing
ISBN: 1843765438
Size: 32.15 MB
Format: PDF, ePub
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Non-market valuation has become a broadly accepted and widely practiced means of measuring the economic values of the environment and natural resources. In this book, the authors provide a guide to the statistical and econometric practices that economists employ in estimating non-market values. The authors develop the econometric models that underlie the basic methods: contingent valuation, travel cost models, random utility models and hedonic models. They analyze the measurement of non-market values as a procedure with two steps: the estimation of parameters of demand and preference functions and the calculation of benefits from the estimated models. Each of the models is carefully developed from the preference function to the behavioral or response function that researchers observe. The models are then illustrated with datasets that characterize the kinds of data researchers typically deal with. The real world data and clarity of writing in this book will appeal to environmental economists, students, researchers and practitioners in multilateral banks and government agencies.

A Primer On Nonmarket Valuation

Author: Patricia A. Champ
Publisher: Springer
ISBN: 9400771045
Size: 67.87 MB
Format: PDF, Kindle
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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.

Environmental And Resource Valuation With Revealed Preferences

Author: Nancy E. Bockstael
Publisher: Springer Science & Business Media
ISBN: 1402053185
Size: 47.49 MB
Format: PDF, Docs
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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.

The Theory Of Externalities Public Goods And Club Goods

Author: Richard Cornes
Publisher: Cambridge University Press
ISBN: 9780521477185
Size: 24.58 MB
Format: PDF, ePub, Docs
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This book presents an updated and expanded discussion of theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods.

Determining The Economic Value Of Water

Author: Robert A. Young
Publisher: Routledge
ISBN: 1135040524
Size: 58.25 MB
Format: PDF, Kindle
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Water provides benefits as a commodity for agriculture, industry, and households, and as a public good such as fisheries habitat, water quality and recreational use. To aid in cost-benefit analysis under conditions where market determined price signals are usually unavailable, economists have developed a range of alternative valuation methods for measuring economic benefits. This volume provides the most comprehensive exposition to-date of the application of economic valuation methods to proposed water resources investments and policies. It provides a conceptual framework for valuation of both commodity and public good uses of water, addressing non-market valuation techniques appropriate to measuring public benefits - including water quality improvement, recreation, and fish habitat enhancement. The book describes the various measurement methods, illustrates how they are applied in practice, and discusses their strengths, limitations, and appropriate roles. In this second edition, all chapters have been thoroughly updated, and in particular the coverage of water markets and valuation of ecosystem services from water has been expanded. Robert Young, author of the 2005 edition, has been joined for this new edition by John Loomis, who brings additional expertise on ecosystem services and the environmental economics of water for recreational and other public good uses of water.

Benefit Transfer Of Environmental And Resource Values

Author: Robert J Johnston
Publisher: Springer
ISBN: 940179930X
Size: 24.63 MB
Format: PDF, ePub
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This book provides a comprehensive review of environmental benefit transfer methods, issues and challenges, covering topics relevant to researchers and practitioners. Early chapters provide accessible introductory materials suitable for non-economists. These chapters also detail how benefit transfer is used within the policy process. Later chapters cover more advanced topics suited to valuation researchers, graduate students and those with similar knowledge of economic and statistical theory and methods. This book provides the most complete coverage of environmental benefit transfer methods available in a single location. The book targets a wide audience, including undergraduate and graduate students, practitioners in economics and other disciplines looking for a one-stop handbook covering benefit transfer topics and those who wish to apply or evaluate benefit transfer methods. It is designed for those both with and without training in economics

The Oxford Handbook Of Environmental And Conservation Psychology

Author: Susan D. Clayton
Publisher: Oxford University Press
ISBN: 0199733023
Size: 64.85 MB
Format: PDF, ePub, Mobi
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This handbook brings together contributions from experts in environmental and/or conservation psychology to review the current state of research. In addition to summarizing current knowledge, it provides an understanding of the relationship between environmental and conservation psychology, and of the directions in which these interdependent areas of study are heading.

The Amenity Value Of The Global Climate

Author: David Maddison
Publisher: Earthscan
ISBN: 9781853836770
Size: 14.53 MB
Format: PDF
View: 3899
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This book develops and applies a far-reaching account of the economic value of climate, derived from its 'amenity value', or, the benefits which a particular climate provides to the people of that region or country. As climate change moves higher on the economic and policy agendas, reliable measures of the benefits and costs of specific climates, and of changes to them, become ever more critical. Detailed studies of a range of countries, including Britain, the US, India and Russia, show that the mobility of the population is crucial. When individuals are able to move, the amenity value of the climate is reflected in land prices and wage rates. Without mobility, amenity values emerge in patterns of purchasing, either to compensate for the disadvantages of the climate or to make best use of it. Indices are generated for the cost of living as a function of climate variables, and optimal climates are identified to determine who wins and who loses from climate change. Among other applications, the book also demonstrates how the value of climate for agriculture can be derived from agricultural land prices and how much of the value of climate change can be calculated from its consequences for tourism. This volume is a significant contribution to environmental economics. Its practical and policy implications offer a basis for valuing the consequences of climate change.