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The measurement of environmental and resource values : theory and methods /

By: Freeman, A. Myrick, 1936-Contributor(s): Herriges, Joseph A, 1956- | Kling, Catherine LMaterial type: TextTextPublication details: New York : Routledge, 2014. Edition: Third editionDescription: xvii, 459 pages ; 24 cmISBN: 9780415501576 (hardback); 9780415501583 (pbk)Subject(s): Política ambiental | Protección ambientalDDC classification: 333.7 Other classification: BUS099000
Partial contents:
Resource Evaluation and Public Policy. The Assets of Nature. The Economic Concept of Value. Economic Values in Public Policy. Classifications of Values. Dealing with Uncertainties in Policymaking. Ex Post and Ex Ante Analysis of Values. Preview. Mathematical Notation. Measuring Values, Benefits, and Costs: An Overview. Resource Values as Shadow Prices. Methods for Measuring Values. The Methodology of Revealed Preference Models. A Model of Environmental and Resource Values. The Noneconomic Foundations of Resource Valuation. The Welfare Economics of Costs. Summary. Welfare Measures: Definitions and Concepts. Individual Preferences and Demand. Welfare Measures for Continuous Goods: Price Changes. Welfare Measures for Continuous Goods: Quantity Changes. Welfare Measures for Discrete Goods. When CV and EV Diverge: Willingness to Pay versus Willingness to Accept Compensation. Aggregation and Social Welfare. Summary. Welfare Measures: Theoretical Basis for Empirical Assessment. Environmental Quality as a Factor Input. An lndividual's Demand for Environmental Quality. The Structure of Preferences and Measures of Value. Nonuse Values. Summary. Valuing Changes in Risk. individual Uncertainry and Welfare. Aggregation and the Welfare Criterion. Uncertainry and Welfare in a Dynamic Setting. Revealed Preference Methods for Measuring Values. Option Price, Option Value, and Expected Damages. Summary. Aggregation of Values across Time. Individual Preferences and lntertemporal Choice. Measures of Welfare Change. Which lnterest Rate is the Right lntertemporal Price?. Capital Costs of Environmental Policies. Discounting and Aggregation Across Generations. Conclusions. Valuing Longevity and Health. Valuing Reduced Mortaliry Risks. Valuing Reduced Morbidity. Special Topics. Summary. Environmental Quality as a Factor Input. Basic Theory. Multiproduct Firms. Vertically linked Markets. Monopoly Markets. Valuing Changes in the Productivity of Natural Resource Systems. Summary. Recreation Demand. The Generic Recreation Demand Model. Data Challenges and Competing Perspectives. Single-Site Models. Multiple-Site Models. Ongoing Issues. Summary and Conclusion. Property Value Models. Hedonic Pricing. Equilibrium Sorting Models. Summary. Hedonic Wage Models. Wage Differences and the Value of Reducing Risks. Interurban Wage Differences and the Value ef Amenities. Summary. Stated Preference Methods for Valuation. Stated Preference Approaches to Valuation. Assessing the Validity ef Stated Preference Weifare Measures. Conclusion. Additional Topics. Benefits Transfer. Combining Revealed Preference and Stated Preference Data. Valuing the Services of Ecosystems. Behavioral Economics. Conclusions: State of the Art and Research Needs. The State of the Art. Research Needs
Scope and content: "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"--Scope and content: "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"--
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Incluye referencias bibliográficas e índice.

Resource Evaluation and Public Policy. The Assets of Nature. The Economic Concept of Value. Economic Values in Public Policy. Classifications of Values. Dealing with Uncertainties in Policymaking. Ex Post and Ex Ante Analysis of Values. Preview. Mathematical Notation.
Measuring Values, Benefits, and Costs: An Overview. Resource Values as Shadow Prices. Methods for Measuring Values. The Methodology of Revealed Preference Models. A Model of Environmental and Resource Values. The Noneconomic Foundations of Resource Valuation. The Welfare Economics of Costs. Summary.
Welfare Measures: Definitions and Concepts. Individual Preferences and Demand. Welfare Measures for Continuous Goods: Price Changes. Welfare Measures for Continuous Goods: Quantity Changes. Welfare Measures for Discrete Goods. When CV and EV Diverge: Willingness to Pay versus Willingness to Accept Compensation. Aggregation and Social Welfare. Summary.
Welfare Measures: Theoretical Basis for Empirical Assessment. Environmental Quality as a Factor Input. An lndividual's Demand for Environmental Quality. The Structure of Preferences and Measures of Value. Nonuse Values. Summary.
Valuing Changes in Risk. individual Uncertainry and Welfare. Aggregation and the Welfare Criterion. Uncertainry and Welfare in a Dynamic Setting. Revealed Preference Methods for Measuring Values. Option Price, Option Value, and Expected Damages. Summary.
Aggregation of Values across Time. Individual Preferences and lntertemporal Choice. Measures of Welfare Change. Which lnterest Rate is the Right lntertemporal Price?. Capital Costs of Environmental Policies. Discounting and Aggregation Across Generations. Conclusions.
Valuing Longevity and Health. Valuing Reduced Mortaliry Risks. Valuing Reduced Morbidity. Special Topics. Summary.
Environmental Quality as a Factor Input. Basic Theory. Multiproduct Firms. Vertically linked Markets. Monopoly Markets. Valuing Changes in the Productivity of Natural Resource Systems. Summary.
Recreation Demand. The Generic Recreation Demand Model. Data Challenges and Competing Perspectives. Single-Site Models. Multiple-Site Models. Ongoing Issues. Summary and Conclusion.
Property Value Models. Hedonic Pricing. Equilibrium Sorting Models. Summary.
Hedonic Wage Models. Wage Differences and the Value of Reducing Risks. Interurban Wage Differences and the Value ef Amenities. Summary.
Stated Preference Methods for Valuation. Stated Preference Approaches to Valuation. Assessing the Validity ef Stated Preference Weifare Measures. Conclusion.
Additional Topics. Benefits Transfer. Combining Revealed Preference and Stated Preference Data. Valuing the Services of Ecosystems. Behavioral Economics.
Conclusions: State of the Art and Research Needs. The State of the Art. Research Needs

"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"--

"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"--

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