Nonmarket Valuation
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A Primer On Nonmarket Valuation
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Author : Patricia A. Champ
language : en
Publisher: Springer
Release Date : 2017-02-08
A Primer On Nonmarket Valuation written by Patricia A. Champ and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-08 with Business & Economics categories.
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.
Nonmarket Valuation
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Author : John R. Stoll
language : en
Publisher:
Release Date : 1984
Nonmarket Valuation written by John R. Stoll and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Public goods categories.
Contingent Valuation Of Nonmarket Benefits In Project Economic Analysis
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2021-12-01
Contingent Valuation Of Nonmarket Benefits In Project Economic Analysis written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-01 with Business & Economics categories.
Investment projects are increasingly designed to provide multiple benefits. Some of these benefits are easily quantified through market-valuation methods while others are measured for their nonmarket values. The contingent valuation method (CVM) is one of the most widely used techniques to quantify and value benefits from nonmarket goods and services, such as improvement in air and water quality, and protection of ecosystems. This reference book provides a comprehensive guide to CVM. It aims to help improve future CVM studies and estimation of willingness to pay to inform economic analysis at the Asian Development Bank and beyond.
An Introduction To Nonmarket Valuation As A Tool For Assessing Public Policy
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Author : John Clark Bergstrom
language : en
Publisher:
Release Date : 1989
An Introduction To Nonmarket Valuation As A Tool For Assessing Public Policy written by John Clark Bergstrom and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Public goods categories.
Contingent Valuation Of Nonmarket Benefits In Project Economic Analysis
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Author : Asian Development Bank
language : en
Publisher:
Release Date : 2021-12-27
Contingent Valuation Of Nonmarket Benefits In Project Economic Analysis written by Asian Development Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-27 with categories.
This guide explains how to measure people's willingness to pay for goods and services, such as improved air quality, that are not traded in a market. It aims to help improve the assessment of potential investment projects. Accounting for the value of nonmarket benefits and costs is an essential part of project economic analysis. The contingent valuation method (CVM) is a stated preference approach used in many areas of public policy, including water supply and sanitation, health, tourism, and cultural heritage. This book aims to support practitioners who are engaged to prepare and implement CVM studies as part of investment appraisal.
Valuing Environmental And Natural Resources
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Author : Timothy C. Haab
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002-01-01
Valuing Environmental And Natural Resources written by Timothy C. Haab and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Business & Economics categories.
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.
Preference Data For Environmental Valuation
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Author : John Whitehead
language : en
Publisher: Routledge
Release Date : 2012-03-15
Preference Data For Environmental Valuation written by John Whitehead and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-15 with Business & Economics categories.
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.
Environmental Resource Valuation
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Author : Richard C. Bishop
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Environmental Resource Valuation written by Richard C. Bishop and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
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.
Nonmarket Valuation Of Natural Resource Amenities
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Author : Patricia Ann Champ
language : en
Publisher:
Release Date : 1994
Nonmarket Valuation Of Natural Resource Amenities written by Patricia Ann Champ and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Natural resources categories.
Comparability Of Market And Nonmarket Valuations Of Forest And Rangeland Outputs
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Author : John B. Loomis
language : en
Publisher:
Release Date : 1985
Comparability Of Market And Nonmarket Valuations Of Forest And Rangeland Outputs written by John B. Loomis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Forests and forestry categories.