By Patricia A. Champ, Kevin J. Boyle, Thomas C. Brown
This is a pragmatic publication with transparent descriptions of the main commonplace nonmarket tools. the 1st chapters of the publication give you the context and theoretical starting place of nonmarket valuation besides a dialogue of information assortment systems. the center chapters describe the most important said- and revealed-preference valuation tools. for every process, the stairs excited about implementation are laid out and thoroughly defined with assisting references from the broadcast literature. the ultimate chapters of the publication study the relevance of experimentation to fiscal valuation, the move of latest nonmarket values to new settings, and tests of the reliability and validity of nonmarket values.
The booklet is suitable to contributors in lots of professions in any respect profession degrees. pros in executive organisations, lawyers concerned with usual source harm checks, graduate scholars, and others will relish the thorough descriptions of the way to layout, enforce, and learn a nonmarket valuation examine.
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Extra resources for A Primer on Nonmarket Valuation
Ecological Economics, 50, 69-82. , Farber, S. , Hannon, et al. (1997). The value of the world’s ecosystem services and natural capital. Nature, 387, 253-260. Cropper, M. L. (2012). How should beneﬁts and costs be discounted in an intergenerational context? Resource for the Future Discussion Paper, RFF DP 12-42, Washington, DC. Currie, J. & Neidell, M. (2005). Air pollution and infant health: What can we learn from California’s recent experience? The Quarterly Journal of Economics, 120, 1003-1030.
R. (1994). The contingent valuation debate: Why economists should care. Journal of Economic Perspectives, 8 (4), 3-17. Smith, V. K. ) (1984). Environmental policy under Reagan’s executive order: The role of beneﬁt-cost analysis. Chapel Hill: University of North Carolina Press. 1 Valuing Environmental Goods and Services: An Economic Perspective 25 Smith, V. K. (1993). Nonmarket valuation of environmental resources: An interpretive appraisal. Land Economics, 69, 1-26. Spash, C. L. (2006). Non-economic motivation for contingent values: Rights and attitudinal beliefs in the willingness to pay for environmental improvements.
2 Conceptual Framework for Nonmarket Valuation 43 space that is available. For the case of air quality, the quality gradient is ﬁxed so far as the individual is concerned. A resident of a large city cannot unilaterally affect this gradient, but he or she can choose where to live along the gradient. The resident can choose a house based on where it falls along the air quality gradient. He or she can care a great deal about the gradient itself in ways other than the choice of housing. For example, the resident can live near the beach, which has relatively good air quality, and yet be subjected to really poor air quality at work downtown.
A Primer on Nonmarket Valuation by Patricia A. Champ, Kevin J. Boyle, Thomas C. Brown