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Books > Earth & environment > The environment > Environmental economics
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The Contingent Valuation of Environmental Resources - Methodological Issues and Research Needs (Hardcover)
Loot Price: R3,551
Discovery Miles 35 510
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The Contingent Valuation of Environmental Resources - Methodological Issues and Research Needs (Hardcover)
Series: New Horizons in Environmental Economics series
Expected to ship within 12 - 17 working days
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Contingent valuation analysis is both a difficult and controversial
means of environmental resource valuation. Yet many economists
regard it as the only valid means of measuring values in
environmental policy.This major new book contains a collection of
papers that examine the current state-of-the-art in the valuation
of environmental resources. In particular, they assess the
meaningfulness of environmental resource values obtained through
the contingent valuation method. An internationally prominent group
of scholars develops a fuller understanding of the strengths and
weaknesses of the methodology and discusses a research agenda to
improve estimates of environmental resource values. Economic value
and the ability to obtain it through the survey measurement of
consumer preferences is central to their discussion. Issues covered
include the need for a broad perspective in valuation research,
support for replication studies, the relationship between survey
structure and survey responses, the processes by which
environmental resources affect individual well-being, specific
issues regarding environmental goods in surveys, and better tests
of internal and external validity. The current state-of-the-art is
outlined in a series of core papers and then debated in discussion
papers. This major book describes how practitioners, critics, and
users of contingent valuation have framed the fundamental issues
that must be solved if the approach is to gain wider acceptance.
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