Environmental Resource Valuation PDF
By:Richard C. Bishop,Donato Romano
Published on 1998-04-30 by Springer Science & Business Media
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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.
This Book was ranked at 27 by Google Books for keyword Valuation.
Book ID of Environmental Resource Valuation's Books is iL4ZHmPHWQAC, Book which was written byRichard C. Bishop,Donato Romanohave ETAG "lgMyYZ0U5Y4"
Book which was published by Springer Science & Business Media since 1998-04-30 have ISBNs, ISBN 13 Code is 9780792381433 and ISBN 10 Code is 0792381432
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