Environmental Resource Valuation

Name: Environmental Resource Valuation
Brand: Springer
SKU: 9780792381433
Price: 479.03 PLN
Availability: InStock

Applications of the Contingent Valuation Method in Italy

Autor: Richard C. Bishop, Donato Romano

Język:

Oprawa: Twarda

Wydawca: Springer

Dostępność: Dostępna u dostawcy

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Economic values are increasingly used in policy analysis and legal settings. With the growing recogn...

Informacje o książce

Autor

Richard C. Bishop, Donato Romano

Język

Angielski

Oprawa

Książka - Twarda

Data wydania

1998

strony

286

EAN

9780792381433

ISBN

0792381432

Enbook ID

05251089

Wydawca

Springer

Waga

1330

Wymiary

155 x 235 x 18

Pełny opis

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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Environmental Resource Valuation

Applications of the Contingent Valuation Method in Italy

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