Determining The Value Of Non Marketed Goods

Author : Raymond J. Kopp
Publisher : Springer Science & Business Media
ISBN 13 : 9401153647
Total Pages : 337 pages
Book Rating : 4.45/5 ( download)

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Download or read book Determining the Value of Non-Marketed Goods written by Raymond J. Kopp and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contingent valuation (CV) measures what is called passive use value or existence value. The CV method has been used to measure the benefits of environmental policy actions. CV measures of economic value rely on choice. In CV studies, choices are posed to people in surveys; analysts then use the responses to these choice questions to construct monetary measures of value. The specific mechanism used to elicit respondents' choices can take a variety of forms, including asking survey respondents whether they would purchase, vote, or pay for a program or some other well-defined object of choice. It can also be a direct elicitation of the amount each respondent would be willing to pay (WTP) to obtain an object of choice or the amount each respondent would be willing to accept (WTA) in compensation to give it up. This volume is composed of three sections. The first section provides background into the issues underlying the public and academic discussion regarding CV and the reliability of CV estimates of economic value. In addition, this section reviews the theory underlying the measurement of economic value and discusses those aspects of the theory most relevant to CV. The second section focuses on issues that have formed the core of the CV discussions including: sensitivity of WTP estimates to the size of the program offered, tests for theoretical consistency of CV results, and the sensitivity of results to context and numerous other features of the survey and its administration. The final section addresses the application of CV to actual economic valuation tasks and discusses the types of practical problems the CV researcher will encounter.

Author : Patricia A. Champ
Publisher : Springer
ISBN 13 : 9400771045
Total Pages : 504 pages
Book Rating : 4.48/5 ( download)

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Download or read book A Primer on Nonmarket Valuation written by Patricia A. Champ and published by Springer. This book was released on 2017-02-08 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Nathaniel O. Keohane
Publisher : Island Press
ISBN 13 : 1610916077
Total Pages : 328 pages
Book Rating : 4.73/5 ( download)

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Download or read book Markets and the Environment, Second Edition written by Nathaniel O. Keohane and published by Island Press. This book was released on 2016-01-05 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. ... Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments .... The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon."--Publisher's web site.

Author : Bengt Kriström
Publisher :
ISBN 13 :
Total Pages : 194 pages
Book Rating : 4.3W/5 ( download)

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Download or read book Valuing Environmental Benefits Using the Contingent Valuation Method written by Bengt Kriström and published by . This book was released on 1990 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Ian Bateman
Publisher : Oxford University Press, USA
ISBN 13 : 9780199248919
Total Pages : 678 pages
Book Rating : 4.15/5 ( download)

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Download or read book Valuing Environmental Preferences written by Ian Bateman and published by Oxford University Press, USA. This book was released on 2001 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt: The questionnaire-based Contingent Valuation Method (CVM) asks people what would they be willing to pay for an environmental good or attribute, or willing to accept for its loss. These papers consider the real value of such surveys.

Author : A. Myrick Freeman
Publisher : Resources for the Future
ISBN 13 : 9781891853623
Total Pages : 516 pages
Book Rating : 4.27/5 ( download)

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Download or read book The Measurement of Environmental and Resource Values written by A. Myrick Freeman and published by Resources for the Future. This book was released on 2003 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Robert A. Young
Publisher : Routledge
ISBN 13 : 1135040524
Total Pages : 359 pages
Book Rating : 4.29/5 ( download)

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Download or read book Determining the Economic Value of Water written by Robert A. Young and published by Routledge. This book was released on 2014-07-23 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Claude E. Boyd
Publisher : Springer Nature
ISBN 13 : 3030233359
Total Pages : 440 pages
Book Rating : 4.58/5 ( download)

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Download or read book Water Quality written by Claude E. Boyd and published by Springer Nature. This book was released on 2019-09-12 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is of great importance to humans and other living organisms. The study of water quality draws information from a variety of disciplines including chemistry, biology, mathematics, physics, engineering, and resource management. University training in water quality is often limited to specialized courses in engineering, ecology, and fisheries curricula. This book also offers a basic understanding of water quality to professionals who are not formally trained in the subject. The revised third edition updates and expands the discussion, and incorporates additional figures and illustrative problems. Improvements include a new chapter on basic chemistry, a more comprehensive chapter on hydrology, and an updated chapter on regulations and standards. Because it employs only first-year college-level chemistry and very basic physics, the book is well-suited as the foundation for a general introductory course in water quality. It is equally useful as a guide for self-study and an in-depth resource for general readers.

Author : John B. Loomis
Publisher : Columbia University Press
ISBN 13 : 0231505582
Total Pages : 621 pages
Book Rating : 4.81/5 ( download)

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Download or read book Integrated Public Lands Management written by John B. Loomis and published by Columbia University Press. This book was released on 2002-05-15 with total page 621 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrated Public Lands Management is the only book that deals with the management procedures of all the primary public land management agencies—National Forests, Parks, Wildlife Refuges, and the Bureau of Land Management—in one volume. This book fills the need for a unified treatment of the analytical procedures used by federal land management agencies in planning and managing their diverse lands. The second edition charts the progress these agencies have made toward the management of their lands as ecosystems. It includes new U.S. Forest Service regulations, expanded coverage of Geographic Information Systems, and new legislation on the U.S. Fish and Wildlife Service and National Wildlife Refuges.

Author : Robert Cameron Mitchell
Publisher : Routledge
ISBN 13 : 1135887810
Total Pages : 460 pages
Book Rating : 4.10/5 ( download)

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Download or read book Using Surveys to Value Public Goods written by Robert Cameron Mitchell and published by Routledge. This book was released on 2013-10-18 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists and others have long believed that by balancing the costs of such public goods as air quality and wilderness areas against their benefits, informed policy choices can be made. But the problem of putting a dollar value on cleaner air or water and other goods not sold in the marketplace has been a major stumbling block. Mitchell and Carson, for reasons presented in this book, argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods---an approach likely to succeed, if used carefully, where other methods may fail. The result of ten years of research by the authors aimed at assessing how surveys might best be used to value public goods validly and reliably, this book makes a major contribution to what constitutes best practice in CV surveys. Mitchell and Carson begin by introducing the contingent valuation method, describing how it works and the nature of the benefits it can be used to measure, comparing it to other methods for measuring benefits, and examining the data-gathering technique on which it is based---survey research. Placing contingent valuation in the larger context of welfare theory, the authors examine how the CV method impels a deeper understanding of willingness-to-pay versus willingness-to-accept compensation measures, the possibility of existence values for public goods, the role of uncertainty in benefit valuation, and the question of whether a consumer goods market or a political goods market (referenda) should be emulated. In developing a CV methodology, the authors deal with issues of broader significance to survey research. Their model of respondent error is relevant to current efforts to frame a theory of response behavior and bias typology will interest those considering the cognitive aspects of answering survey questions. Mitchell and Carson conclude that the contingent valuation method can obtain valid valuation information on public goods, but only if the method is applied in a way that addresses the potential sources of error and bias. They end their book by providing guidelines for CV practitioners, a list of questions that should be asked by any decision maker who wishes to use the findings of a CV study, and suggestions for new applications of contingent valuation. Additional features include a comprehensive bibliography of the CV literature and an appendix summarizing more than 100 CV studies.