Environmental Resource Valuation - Applications of the Contingent Valuation Method in Italy (Paperback, Softcover reprint of the original 1st ed. 1998)

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.

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Series:	Studies in Risk and Uncertainty, 11
Release date:	December 2012
First published:	1998
Editors:	Richard C. Bishop • Donato Romano
Dimensions:	235 x 155 x 16mm (L x W x T)
Format:	Paperback
Pages:	286
Edition:	Softcover reprint of the original 1st ed. 1998
ISBN-13:	978-1-4613-7630-9
Categories:	Books > Business & Economics > Economics > Political economy Books > Professional & Technical > Agriculture & farming > Agricultural science Books > Earth & environment > The environment > Environmental economics > General
LSN:	1-4613-7630-0
Barcode:	9781461376309

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