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Carte Environmental Resource Valuation Richard C. Bishop

Environmental Resource Valuation

Applications of the Contingent Valuation Method in Italy

Autor: Richard C. Bishop, Donato Romano
Limbă: engleză
Legare: Carte broșată
Editura: Springer-Verlag New York Inc.
Disponibilitate: În depozitul extern în cantități mici
Expediem în 11-15 zile
581.45 lei
Economic values are increasingly used in policy analysis and legal settings. With the growing recogn...

Informații despre carte

Autor
Richard C. Bishop, Donato Romano
Limbă
engleză
Legare
Carte - Carte broșată
Publicat
2012
Pagini
286
EAN
9781461376309
ISBN
1461376300
Enbook ID
06797011
Editura
Springer-Verlag New York Inc.
Greutate
468
Dimensiuni
155 x 235 x 16

Descriere completă

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.

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