By Patricia A. Champ, Kevin J. Boyle, Thomas C. Brown
This is a realistic publication with transparent descriptions of the main standard nonmarket tools. the 1st chapters of the ebook give you the context and theoretical beginning of nonmarket valuation besides a dialogue of information assortment tactics. the center chapters describe the main acknowledged- and revealed-preference valuation equipment. for every technique, the stairs fascinated by implementation are laid out and thoroughly defined with helping references from the broadcast literature. the ultimate chapters of the e-book learn the relevance of experimentation to monetary valuation, the move of present nonmarket values to new settings, and exams of the reliability and validity of nonmarket values.
The ebook is suitable to members in lots of professions in any respect profession degrees. execs in govt corporations, legal professionals concerned with traditional source harm tests, graduate scholars, and others will savor the thorough descriptions of ways to layout, enforce, and study a nonmarket valuation examine.
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Additional info for A Primer on Nonmarket Valuation
While Chaps. 4 through 9 focus on speciﬁc methods, Chaps. 10 and 11 address more broadly the use of experiments as part of a valuation exercise (Chap. 10) and the application of beneﬁt transfer as an alternative to doing an original valuation study (Chap. 11). The use of experiments is a rapidly growing ﬁeld within economics, and the intersection between experimental methods and nonmarket valuation is a very promising, emerging area. Similarly, although beneﬁt transfer is a well-established approach and has been used extensively, its importance is likely to (Footnote 21 continued) decisions, where market participants enjoy or suffer the consequences of their decisions”.
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Distributional weights in cost-beneﬁt analysis: Should we forget about them? Land Economics, 81, 337-352. Johnston, R. , Schultz, E. , Besedin, E. Y. & Ramachandran, M. (2011). Indices of biotic integrity in stated preference valuation of aquatic ecosystem services. Ecological Economics, 70, 1946-1956. Just, R. , Hueth, D. L. & Schmitz, A. (2004). The welfare economics of public policy: A practical approach to project and policy evaluation. Cheltenham, United Kingdom: Edward Elgar Publishing. Kling, C.
A Primer on Nonmarket Valuation by Patricia A. Champ, Kevin J. Boyle, Thomas C. Brown