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Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU, and Developing Countries / Edition 1

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Overview

Just as individuals have preferences regarding the various goods and services they purchase every day, so they also hold preferences regarding public goods such as those provided by the natural environment. However, unlike private goods, environmental goods often cannot be valued by direct reference to any market price. This makes economic analysis of the costs and benefits of environmental change problematic. Over the past few decades a number of methods have developed to address this problem by attempting to value environmental preferences. Principal amongst these has been the contingent valuation (CV) method which uses surveys to ask individuals how much they would be willing to pay or willing to accept in compensation for gains or losses of environmental goods.. "This volume, has been written at a time of heated debate over the CV method. It contains specially written papers from both sides of that debate, as well as from commentators who see it as an interesting experimental tool regardless of the question of absolute validity of estimates. The book embraces the theoretical, methodological, empirical, and institutional aspects of the current debate. It covers US, European, and developing country applications, and the institutional frameworks within which CV studies are applied.
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Product Details

  • ISBN-13: 9780199248919
  • Publisher: Oxford University Press
  • Publication date: 1/10/2002
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 692
  • Product dimensions: 9.00 (w) x 6.10 (h) x 1.50 (d)

Meet the Author

Ian J. Bateman is Reader in Environmental Economics at the Centre for Social and Environmental Research on the Global Environment (CSERGE), in the School of Environmental Sciences at the University of East Anglia.
Kenneth G. Willis is Professor of Environmental Economics in the Department of Town and Country Planning at the University of Newcastle upon Tyne.

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Table of Contents

Introduction and Overview, Bateman and Willis
Section One: Theory
1. The Place of Economic Values on Environmental Valuation, Turner
2. Neo-classical Economic Theory and Contingent Valuation, Hanemann
3. The Theory and Measurement of Passive Use Value, Carson, Flores, and Mitchell
4. Public Goods and Contingent Valuation, Sugden
5. Alternatives to the Neo-classical Theory of Choice, Sugden
Section Two: Methodology
6. Doubt, Doubts, and Doubters: The Genesis of a New Research Agenda, Boyle and Bergstrom
7. A Psychological Perspective, Green and Tunstall
8. Information, Uncertainty, and Contingent Valuation, Munro and Hanley
9. A Monte Carlo Comparison of OLS Estimation Errors and Design Efficiencies in a Two-stage Stratified Random Sampling Procedure for a Contingent Valuation Study, Choe, Parke, and Whittington
10. Statistical Considerations in CVM, Hanemann and Kanninen
11. Multilevel Modelling and Contingent Valuation, Langford and Bateman
12. Stated Preference Methods for Valuing Environmental Amenities, Adamowicz, Boxall, Louviere, Swait, and Williams
Section Three: Case Studies
13. Option and Anticipatory Values for US WIlderness, Walsh and McKean
14. Elicitation Effects in Contingent Valuation Studies, Bateman, Langford, and Rasbash
15. Household Demand for Improved Sanitation Services: A Case Study of Calamba, the Philippines, Lauria, Whittington, Choe, Turingan, and Abiad
Section Four: Institutional Frameworks
16. Contingent Valuation Methodology and the EU Institutional Framework, Bonnieux and Rainelli
17. Contingent Valuation Methodology and the US Institutional Framework, Loomis

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