The Measurement of Environmental and Resource Values Theory and Methods

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Synopsis

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.

Book details

Author:
A. Myrick Freeman, Joseph A. Herriges, Catherine L. Kling
ISBN:
9781317703921
Related ISBNs:
9781936331826, 9781315780917, 9780415501583, 9780415501576, 9780415501576, 9780415501583
Publisher:
Taylor and Francis
Pages:
N/A
Reading age:
Not specified
Includes images:
Yes
Date of addition:
2018-08-04
Usage restrictions:
Copyright
Copyright date:
2014
Copyright by:
Taylor 
Adult content:
No
Language:
English
Categories:
Business and Finance, Earth Sciences, Nonfiction