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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.
This book deals with various aspects of the 'commons' problems;
focuses on water-related issues; looks at writings in the
conservation area, with particular emphasis on irreversibility and
uncertainty; and examines the role of natural resources in economic
development.
This volume was assembled by two of Dr. Wantrup's students as a
complement to his textbook, Resource Conservation: Economics and
Policies. Wantrup's ideas on conservation economics continued to
evolve in ways that were never fully reflected in that text, and
although for the student of natural resource economics it is still
essential reading, to stop there is to have missed some of his most
valuable insights.
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.
Nearly four million companies incorporated in the UK allow their
constitution or company rule book to be dictated by the standard
Articles of Association. Designed to aid professional advisers,
directors and shareholders make better decisions about any
company's constitution, this book provides: - The background to the
articles of association, the Company Law act 2006, business
structures and their needs. - A review of the case law and the
implications for amending the articles of association - A detailed
analysis of the default Articles of association proscribed in The
Companies (Model Articles) Regulations 2008 Table A. - A guide to
drafting articles of association, real life examples and
discussions on why companies should adapt Table A to suit specific
company requirements. - All precedents are available as electronic
downloads Solicitors and accountants will have the tools to
confidently advise clients on how the articles of association
impacts on the company and with clever drafting how the
constitution of the company can be amended to provide clear
provisions to suit its strategic position. For those who may wish
to consider changing the constitution of their own company, the
book is full of practical examples, together with do’s and
don’ts, and illustrations and full procedures for trustees,
family investment and property companies providing guidelines for
minority shareholders, investors and directors.
This new title provides a full analysis of the legislative and
regulatory background of community interest companies and is a
guide to all six CIC precedents: 1. CIC model constitution: company
limited by guarantee with a small membership 2. CIC model
constitution: company limited by guarantee with a large membership
3. CIC model constitution: private schedule 2 company limited by
shares with a small membership 4. CIC model constitution: private
schedule 2 company limited by shares with a large membership 5. CIC
model constitution: private schedule 3 company limited by shares
with a small membership 6. CIC model constitution: private schedule
3 company limited by shares with a large membership The precedents
are fully annotated to provide guidance on each article, together
with bespoke clauses that may be included for specific events.It
also uses case examples to demonstrate: how to create or convert to
a CIC the reporting requirements with Companies House and the CIC
regulator Armed with this text any solicitor, barrister or
accountant will have the tools to confidently advise clients on the
legislative and regulatory background of CICs. This text would also
suit community bodies or individuals who wish to set up a social
enterprise using the CIC structure, in particular, sports clubs or
voluntary groups.
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