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Nonmarket Valuation Of Natural Resource Amenities


Nonmarket Valuation Of Natural Resource Amenities
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Non Market Valuation Of Natural Resources Amenities


Non Market Valuation Of Natural Resources Amenities
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Author :
language : en
Publisher:
Release Date : 2008

Non Market Valuation Of Natural Resources Amenities written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.


Rural landscapes in the United States have changed substantially in recent years due to increased urbanization, and an ever-increasing demand for consumptive and non-consumptive uses of natural resources. At the same time, we are facing new challenges regarding the socio-economic well-being of people and the ecological significance of resources in the landscape. Previous research in natural resources economics and management has failed to recognize the role of natural resources amenities in fostering economic growth, human values, and public welfare. Applying various non-market valuation techniques to real world observations, the findings from the essays in this dissertation add to the valuation aspects of natural resources economics literature, and reveal some policy implications for local, state, and federal governments. The first essay investigates the potential of promoting natural resource amenities as a rural economic growth engine. The second investigates how the variation, spatial distribution, and configuration of landuse features are valued in urban neighborhoods. The third essay estimates the demand for public lands in urban areas and analyzes the anticipated economic welfare gain of policies supplying such public lands. The fourth essay extends the existing model of the life expectancy production function to evaluate the role of environmental amenities in promoting public health. The final essay assesses the effects of the ongoing landuse changes and urban sprawl on the demand for wildlife hunting and related nature-based recreation in rural America. Since the recent approaches of conservation and development emphasize passive employment of natural resources for sustainable development; the essays in this dissertation present some insights into recognizing the value of natural resources in economic growth, human values, public health, and recreational prospects in the United States. In addition to providing policy implications, essays in this dissertation extend or improve some of the existing models and methodological frameworks of non-market valuation.



Nonmarket Valuation Of Natural Resource Amenities


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.




Amenity Resource Valuation


Amenity Resource Valuation
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Author : George L. Peterson
language : en
Publisher:
Release Date : 1988

Amenity Resource Valuation written by George L. Peterson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Business & Economics categories.




A Primer On Nonmarket Valuation


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.



The Measurement Of Environmental And Resource Values


The Measurement Of Environmental And Resource Values
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Author : A. Myrick Freeman III
language : en
Publisher: Routledge
Release Date : 2014-06-05

The Measurement Of Environmental And Resource Values written by A. Myrick Freeman III and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-05 with Business & Economics categories.


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.



Estimating Economic Values For Nature


Estimating Economic Values For Nature
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Author : Vincent Kerry Smith
language : en
Publisher: Edward Elgar Publishing
Release Date : 1996-06

Estimating Economic Values For Nature written by Vincent Kerry Smith 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 1996-06 with Business & Economics categories.


Estimating Economic Values for Nature presents, in one volume, a collection of V. Kerry Smith's papers prepared over 25 years dealing with the theory and practice of non-market valuation for environmental resources. Taken together, the papers explore the conceptual basis, the implementation process and empirical performance of all available methods of measuring economic values for the services of nature and how these values are constructed from people's choices. The issues discussed in this volume include travel cost recreation demand, averting behaviour, household production, hedonic property value, hedonic wage and contingent valuation methods. These essays describe what has been learned from past benefit analysis, using meta-analysis, as well as the issues at the frontier of current research in the area. This important volume will be welcomed by environmental and public economists, as well as practitioners of cost-benefit analysis, as an authoritative and comprehensive discussion of non-market valuation.



Natural Resource Economics


Natural Resource Economics
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Author : Daniel W. Bromley
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Natural Resource Economics written by Daniel W. Bromley 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.


When approached by Warren Samuels, the series editor, about organizing a volume on natural resource economics, I was at a loss as to how one might possibly capture in "several major essays plus several shorter comments thereon" all of the diverse activities that fall within this exciting discipline. I was further asked to have the book take an "affirmative but constructively critical look at its subject. " The volume was to be interpretative, it was to be reasonably comprehensive, and yet it was to attempt to present divergent views on the "development, tensions, present status, and, especially, possible lines of development of each field. " Upon reflection, I decided to have the book focus on natural resource economics as a distinctly applied policy science. Hence the title: Natural Resource Economics: Policy Problems and Contemporary Analysis. While this allowed clarification of a particular sort, it did little to narrow the range of policy issues that ought to be considered candidates for inclu sion. But it did seem, after some thought, that three broad issues persist at center stage in natural resource policy.



The Measurement Of Environmental And Resource Values


The Measurement Of Environmental And Resource Values
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Author : A. Myrick Freeman
language : en
Publisher: Resources for the Future
Release Date : 2003

The Measurement Of Environmental And Resource Values written by A. Myrick Freeman and has been published by Resources for the Future this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.


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).



Environmental Resource Valuation


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.



The Economic Value Of Natural And Environmental Resource


The Economic Value Of Natural And Environmental Resource
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Author : Frew Hailu
language : de
Publisher: GRIN Verlag
Release Date : 2014-11-10

The Economic Value Of Natural And Environmental Resource written by Frew Hailu and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-10 with Business & Economics categories.


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. [...]