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Book Contingent Valuation of Environmental Goods

Download or read book Contingent Valuation of Environmental Goods written by Daniel McFadden and published by Edward Elgar Publishing. This book was released on 2017-04-28 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.

Book Contingent Valuation of Nonmarket Benefits in Project Economic Analysis

Download or read book Contingent Valuation of Nonmarket Benefits in Project Economic Analysis written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment projects are increasingly designed to provide multiple benefits. Some of these benefits are easily quantified through market-valuation methods while others are measured for their nonmarket values. The contingent valuation method (CVM) is one of the most widely used techniques to quantify and value benefits from nonmarket goods and services, such as improvement in air and water quality, and protection of ecosystems. This reference book provides a comprehensive guide to CVM. It aims to help improve future CVM studies and estimation of willingness to pay to inform economic analysis at the Asian Development Bank and beyond.

Book A Semi Parametric Estimator of Willingness to Pay Applied to Dichotomous Choice Contingent Valuation Data

Download or read book A Semi Parametric Estimator of Willingness to Pay Applied to Dichotomous Choice Contingent Valuation Data written by Michael Burton and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of dichotomous choice questions (Are you willing to pay $x?) has been advocated as superior to open ended questions (What would you be willing to pay?) in contingent valuation studies of non-market goods. A supplementary dichotomous choice question, raising or lowering the bid price depending on the initial response, gives increased precision. However, a problem with these methods is that identifying the mean willingness to pay (WTP) is more complex, and often conditional on making a distributional assumption. This paper will present a semi-parametric method for estimating WTP without invoking any such assumptions, using the interval inherent in the double bounded format, and based on estimating the underlying hazard function for the distribution of WTP. An advantage of the approach over other non-parametric methods is that it allows one to include respondent characteristics as determinants of the individual decisions, and does so within a computationally straightforward framework.

Book A Convolutions Approach to Measuring the Differences in Benefit Estimates from Dichotomous Choice Contingent Valuation Studies

Download or read book A Convolutions Approach to Measuring the Differences in Benefit Estimates from Dichotomous Choice Contingent Valuation Studies written by Gregory L. Poe and published by . This book was released on 1992 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Contingent Valuation of Environmental Resources

Download or read book The Contingent Valuation of Environmental Resources written by David J. Bjornstad and published by Edward Elgar Publishing. This book was released on 1996 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fifteen papers written by scholars examining the relative merits of contingent valuation analysis of environmental resources and suggesting a research agenda to improve estimates. Central to the discussions is how economic valuation is obtained through survey measurements, and how practitioners must address the need for a broad perspective in valuation research, support replications studies, define the relationship between survey structure and survey responses, and promote better internal and external validity testing. Annotation copyright by Book News, Inc., Portland, OR

Book Estimating Willingness to pay with Random Valuation Models

Download or read book Estimating Willingness to pay with Random Valuation Models written by and published by World Bank Publications. This book was released on 2004 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: "This paper presents a case study of willingness-to-pay (WTP) estimation using random valuation models. A contingent valuation survey was conducted in Yerevan, Armenia to estimate people's WTP for the protection of Lake Sevan. Three elicitation formats - open-ended, closed-ended, and the stochastic payment card (SPC) approach - were used with split random samples. WTP models with heterogeneous errors were constructed and estimated with the survey data. The SPC approach produces a higher estimation of the mean WTP than both the open-ended and closed-ended approaches, while results from the open-ended and closed-ended elicitation formats are similar. Furthermore, contrary to research findings obtained in the United States, this study finds higher WTP estimations with mail surveys than with personal interviews. This paper - a product of the Infrastructure and Environment Team, Development Research Group is part of a larger effort in the group to understand the economics of sustainable development in developing countries"--World Bank web site.

Book Handbook on Contingent Valuation

Download or read book Handbook on Contingent Valuation written by Anna Alberini and published by Edward Elgar Publishing. This book was released on 2006 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook on Contingent Valuation is unique in that it focuses on contingent valuation as a method for evaluating environmental change. It examines econometric issues, conceptual underpinnings, implementation issues as well as alternatives to contingent valuation. Anna Alberini and James Kahn have compiled a comprehensive and original reference volume containing invaluable case studies that demonstrate the implementation of contingent valuation in a wide variety of applications. Chapters include those on the history of contingent valuation, a practical guide to its implementation, the use of experimental approaches, an ecological economics perspective on contingent valuation and approaches for developing nations. The Handbook also contains: P discussions of underlying theory both contingent valuation and conjoint analysis comparisons of real and hypothetical data using experimental approaches an examination of survey structure issues developing country focus critical essays concerning the ethical basis of contingent valuation. This new reference book will be warmly welcomed by academics in environmental economics, environmental professionals in government, consulting firms and NGOs. Graduate and undergraduate students in economics, environmental studies and environmental policy will also find this an ever valuable resource.

Book A Primer on Nonmarket Valuation

Download or read book A Primer on Nonmarket Valuation written by Patricia A. Champ and published by Springer. This book was released on 2017-02-08 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values. The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.

Book Rehabilitating the willingness to Accept Measure in Contingent Valuation Research

Download or read book Rehabilitating the willingness to Accept Measure in Contingent Valuation Research written by Chris Ann Dickerson and published by . This book was released on 2001 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Valuing Environmental Goods

Download or read book Valuing Environmental Goods written by Ronald G. Cummings and published by Rowman & Littlefield Publishers. This book was released on 1986 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: To find more information about Rowman and Littlefield titles, please visit www.rowmanlittlefield.com.

Book Dichotomous Choice Contingent Valuation Probability Distributions

Download or read book Dichotomous Choice Contingent Valuation Probability Distributions written by Geoffrey N. Kerr and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Parametric distributions applied to dichotomous choice contingent valuation data invoke assumptions about the distribution of willingness to pay that may contravene economic theory. This article develops and applies distributions that allow the shape of bid distributions to vary. Alternative distributions provide little, if any, improvement in statistical fit from commonly used distributions. While median willingness to pay is largely invariant to distribution, estimates of mean consumer surplus diverge widely. Sensitivity analysis to determine benefit measure response to distributional assumptions is essential to prevent erroneous policy advice from applied dichotomous choice research.

Book Economics of Coastal and Water Resources Valuing Environmental Functions

Download or read book Economics of Coastal and Water Resources Valuing Environmental Functions written by R.K. Turner and published by Springer Science & Business Media. This book was released on 2013-04-18 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of the chapters in this volume are authored by staff or associates of the Centre for Social and Economic Research on the Global Environment (CSERGE). CSERGE is a research centre sponsored by the UK Economic and Social Research Council (ESRC), which specialises in interdisciplinary work focussed on environmental management issues. Weare grateful for the long term support that we have received from the ESRC. We would also like to acknowledge the efforts of Ann Dixon and SHin Pearce in the preparation of this volume. vii INTRODUCTION CHAPTER 1. ECOLOGICAL ECONOMICS AND COASTAL ZONE ECOSYSTEMS' VALUES: AN OVERVIEW. Turner, R. K. , Bateman, I. J. and Adger, W. N. 1. 1 Coastal zone pressure and sustainable management challenges Given the continued intensification of the process of globalisation - involving population growth, population density changes via urbanisation, industrial development, increased trade and capital flows, liberalisation of transnational corporation activity and lifestyle and attitudinal changes - coastal zones and their hydrologically linked catchment areas have come under heavy environmental pressure. The scale and extent of socio-economic activities have profound implications for the now coevolving natural and human systems and their complex interrelationships (Turner, Perrings and Folke, 1997). The consequences of this process of change manifest themselves across a range of spatial and temporal scales. Indeed the juxtaposition of different spatial, functional and temporal scales that is inherent in the catchment-coastal ecosystems-seas/oceans continuum poses particularly difficult challenges for both science and resource management/governance.