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The Measurement of Environmental and Resource Values - Theory and Methods (Paperback, 3rd edition)
Loot Price: R2,362
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The Measurement of Environmental and Resource Values - Theory and Methods (Paperback, 3rd edition)
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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.
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