Download or read book Rationality Concepts in Environmental Valuation written by Oliver Frör and published by Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften. This book was released on 2007 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Survey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents' rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a more realistic view of rationality accounting for respondents' limited capacities to process information. Based on cognitive psychology a technique to detect and analyze the bounds of rationality inherent in WTP statements is developed. Using an empirical example, the influence of bounded rationality on the validity of CVM results is analyzed. It is shown that individual differences in information processing play a major role. From these results recommendations for future survey design are developed.
Download or read book Conceptions of Value in Environmental Decision making written by John O'Neill and published by Pelican Publishing Company. This book was released on 2000 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This policy briefing series communicates the findings from nine workshops and three plenary meetings under the EVE programme. These showed the diversity of research currently being undertaken in the area of environmental values and their policy expression. The type of information relevant to the decision process extends from ecological functioning to moral values.
Download or read book Retaking Rationality written by Richard L. Revesz and published by Oxford University Press. This book was released on 2008 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in a clear and non-technical manner, Retaking Rationality gives progressive groups and the public the tools they need both to understand and to engage in the debate over the economic analysis of environmental, public health, and safety regulation. Since the Reagan presidency, the most important regulations affecting every American have been required to pass a "cost-benefit" test, but most Americans-including many professionals working for progressive institutions or elected officials-do not understand how economic analysis works. The result is that industry and conservative ideologues have twisted economic analysis so that good regulations seem to fail the cost-benefit test. This book argues that the public, and progressive institutions, must take up the fight over how economic analysis is conducted, and gives them the knowledge they need to engage industry and conservatives about when and how economic analysis of regulation should be carried out.
Download or read book Sustainable Development Concepts Rationalities and Strategies written by Sylvie Faucheux and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: 3 decision support techniques that do not depend exclusively on market incentives and monetary valuation. The World Conservation Strategy published by the mCN (1980) recognised the full dimensions of these problems, and introduced the concept of sustainable development, placing the emphasis on the exploitation of natural systems and the use of biological natural resources within limits so that the availability of these resources for use by future generations would not be jeopardised by the current use of them. At this time, the imposition of quotas and the definition of critical loads and environmental standards were suggested as the sorts of instruments necessary to cope with the problems of limited availability of environmental resources. Although the mCN publication did not obtain a high international profile, the idea of policy norms to respect critical loads has become quite widely accepted in the environmental policymaking of Western countries. This has often put the policy agencies in difficult situations. Polluting industries are inclined to argue that the critical loads are defined too restrictively. The complexity and time lags of ecological effects makes it hard to say exactly what constitutes a critical load beyond which there will be irreversible damage, and lobbying interests can play on these uncertainties to try and weaken the environmental standards. In addition, polluting industries can use the argument of negative impacts on "the economy" (particularly as regards employment and export prospects) to blackmail governments, regulatory agencies and the general public.
Download or read book Environmental and Resource Valuation with Revealed Preferences written by Nancy E. Bockstael and published by Springer Science & Business Media. This book was released on 2007-03-31 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades. The book provides a candid review of the major conceptual challenges and an exploration of neglected issues in the literature.
Download or read book Valuing Environmental Preferences written by Ian Bateman and published by Oxford University Press, USA. This book was released on 2001 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just as individuals have preferences regarding the various goods and services they purchase every day, so they also hold preferences regrding public goods such as hose provided by the naural environment. However, unlike provate goods, environmental goods often cannot be valued by direct reference o any market price. Thsi amkes economic analysis of the costs and benefits of environmental change problematic. Over the past few decades a number of methods have developed to address this problem by attempting to value environmental preferences. Principal among hese has been the contingent valuation (CV) method which uses surveys to ask individuals how much they would be willing to pay or willing to accept in compensation for gains and losses of environmental goods. The period from the mid-1980s to the present day has seen a m,assive expansion in use of the CV method. From its originalroots int eh USA, through Europe and the developed world, the method has now reached worldwide application with a substantial proportion of current studies being undertaken in developing countries where environmental services are often the dominating determinant of everyday living standards. The method has simultaneously moved from the realm of pure academic speculation into the sphere of instiutional decision analysis. However, the past decade also witness a developing critique of the CV method with a number of commentators questioning the underlying validity of its dervied valuations. This volume, therefore, reflects a time of heated debate, as wellas from commentators who see it as an interesting experimental tool regardless of the question of absolute validity of estimates. The book embraces the theoritical, methodologicl, empirical, and institutional aspects of the current debate. It covers US, European , and developing country applications, and the institutional frameworks within which CV studies are applied.
Download or read book A Guide to Making Rational Environmental Economics Decisions in Five Easy Steps written by Robert Randall and published by Lulu.com. This book was released on 2011-03-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a career of more than 30 years with a top Fortune 500 company using that very same technique to convert an environmental program from a cost center to a revenue generator, Dr. Randall is openly sharing that technique. As organizations face greater challenges to control spending while meeting more dramatic demands to go "green" this simple, comprehensive guide will help any organization attain the greatest economic efficiency by making rational assessments about what activities it should, or should not, pursue. After presenting some background information, you will be taken step-by-step through a mock refined benefit-cost analysis. Each organization is different and has its own set of dynamics; therefore, it will be up to each analyst to determine what variables to include or exclude from the benefit-cost model. Clear definitions are included in table form to assist in the assignment of variables.
Download or read book Valuing Ecosystem Services written by National Research Council and published by National Academies Press. This book was released on 2005-05-14 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nutrient recycling, habitat for plants and animals, flood control, and water supply are among the many beneficial services provided by aquatic ecosystems. In making decisions about human activities, such as draining a wetland for a housing development, it is essential to consider both the value of the development and the value of the ecosystem services that could be lost. Despite a growing recognition of the importance of ecosystem services, their value is often overlooked in environmental decision-making. This report identifies methods for assigning economic value to ecosystem servicesâ€"even intangible onesâ€"and calls for greater collaboration between ecologists and economists in such efforts.
Download or read book The Stated Preference Approach to Environmental Valuation Volumes I II and III written by Richard T. Carson and published by Routledge. This book was released on 2018-12-20 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a truly enormous literature on using stated preference information to place a monetary value on environmental amenities. This three volume set provides the key papers for understanding the historical development of contingent valuation, its theoretical and statistical foundations, and the major controversies. It also contains representative papers covering all of the major application areas in environmental valuation.
Download or read book Rational Techniques in Policy Analysis written by Michael Carley and published by Elsevier. This book was released on 2013-10-22 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rational Techniques in Policy Analysis covers the role of rational techniques in policy making process. This book is organized into two parts encompassing 12 chapters that consider the relationship of policy making and other approaches to rational analysis. Part I deals with the "disintegration" of rational policy analysis to find out what the pieces are, how they work, how the parts interact and how they relate to the wider policy making environment. Part II considers the types of rational analysis in more detail, and serves not only as a survey of rational techniques but as an introduction to the important literature in each field. This part specifically looks into the cost-utility techniques, social forecasting, and evaluation and social indicator research. This book is intended primarily for analysts, researchers, and students of the policy making process in university and government.
Download or read book Ecological Rationality written by Peter M. Todd and published by OUP USA. This book was released on 2012-04-10 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: "More information is always better, and full information is best. More computation is always better, and optimization is best." More-is-better ideals such as these have long shaped our vision of rationality. Yet humans and other animals typically rely on simple heuristics to solve adaptive problems, focusing on one or a few important cues and ignoring the rest, and shortcutting computation rather than striving for as much as possible. In this book, we argue that in an uncertain world, more information and computation are not always better, and we ask when, and why, less can be more. The answers to these questions constitute the idea of ecological rationality: how we are able to achieve intelligence in the world by using simple heuristics matched to the environments we face, exploiting the structures inherent in our physical, biological, social, and cultural surroundings.
Download or read book Revealed Preference Approaches to Environmental Valuation Volumes I and II written by Catherine L. Kling and published by Routledge. This book was released on 2019-01-22 with total page 1218 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this two volume collection the editors have chosen a sample of some of the most essential and inspirational articles and papers for understanding revealed preference methods to value environmental amenities. The papers cover the gamut of methods that are typically classified as revealed preference approaches - including: recreation demand models, hedonic methods, and averting behavior methods, as well as efforts to combine stated and revealed preferences. While this collection is far from exhaustive, the editors have included papers they believe will represent the state of the art in the theory and application of revealed preference methods, contribute to development of the state of the art, or raise fundamental challenges and insights that will drive the research agenda in the coming years.
Download or read book Environmental Valuation in Developed Countries written by David W. Pearce and published by Edward Elgar Publishing. This book was released on 2006 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental Valuation in Developed Countries will be of interest to policy makers and economist in search of a variety of methodologies related to environmental valuation. Political Studies Review This is the second of two volumes of case studies that illustrate how environmental economists place values on environmental assets and on the flows of goods and services generated by those assets. The first volume, Valuing the Environment in Developing Countries, illustrates methodologies and applications of valuation techniques in the developing world; this volume concentrates on developed or wealthy nations where the first examples of economic valuation of the environment were carried out. This important book assembles studies that discuss broad areas of application of economic valuation from amenity and pollution through to water and health risks, from forestry to green urban space. In this, his last book, the late David Pearce brought together leading European experts, contributors to some two dozen case studies exploring the frontiers of economic valuation of natural resources and environmental amenity in the developed world. Essays on the role of valuation in environmental policy, environmental justice and green accounts are presented, and case study topics include: valuing forestry benefits GM crops water use and quality externalities in the electricity sector renewable energy benefits electricity transmission line disamenity urban greenspace chemical risks noise pollution. Economic valuation has undoubtedly made an important contribution to the environmental debate, and the contributors illustrate how sophisticated techniques have become, and how powerful their application can be. As such, this significant volume will prove essential reading for academics, researchers, students and practitioners in the field of environmental economics.
Download or read book Environmental Valuation written by Bill Mundy and published by Routledge. This book was released on 2017-11-30 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental quality is one of the most important issues faced by contemporary urban and regional policy. Amenities such as access to the natural environment, attractive neighbourhood characteristics and high quality public goods and services, play a direct role in determining where people choose to live and how much they are willing to do so. Likewise, negative environmental conditions, such as contamination, influence the real estate markets and the 'value' of a region. Increasingly, regions become winners or losers based on the quality of life they offer their inhabitants. Bringing together a team of leading scholars, this book addresses the issues of environmental valuation, answering questions such as: What kinds of features matter? How large of an affect do they have? How do they affect the spatial distribution of the population? And how should the value that people place on their environment affect urban and regional policy?
Download or read book Perspectives on Biodiversity written by National Research Council and published by National Academies Press. This book was released on 1999-10-01 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Resource-management decisions, especially in the area of protecting and maintaining biodiversity, are usually incremental, limited in time by the ability to forecast conditions and human needs, and the result of tradeoffs between conservation and other management goals. The individual decisions may not have a major effect but can have a cumulative major effect. Perspectives on Biodiversity reviews current understanding of the value of biodiversity and the methods that are useful in assessing that value in particular circumstances. It recommends and details a list of components-including diversity of species, genetic variability within and among species, distribution of species across the ecosystem, the aesthetic satisfaction derived from diversity, and the duty to preserve and protect biodiversity. The book also recommends that more information about the role of biodiversity in sustaining natural resources be gathered and summarized in ways useful to managers. Acknowledging that decisions about biodiversity are necessarily qualitative and change over time because of the nonmarket nature of so many of the values, the committee recommends periodic reviews of management decisions.
Download or read book The Value of Rationality written by Ralph Wedgwood and published by Oxford University Press. This book was released on 2017 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ralph Wedgwood gives a general account of the concept of rationality. The Value of Rationality is designed as the first instalment of a trilogy - to be followed by accounts of the requirements of rationality that apply specifically to beliefs and choices. The central claim of the book is that rationality is a normative concept. This claim is defended against some recent objections. Normative concepts are to be explained in terms of values (not in terms of 'ought' or reasons). Rationality is itself a value: rational thinking is in a certain way better than irrational thinking. Specifically, rationality is an internalist concept: what it is rational for you to think now depends solely on what is now present in your mind. Nonetheless, rationality has an external goal - the goal of thinking correctly, or getting things right in one's thinking. The connection between thinking rationally and thinking correctly is probabilistic: if your thinking is irrational, that is in effect bad news about your thinking's degree of correctness. This account of rationality explains how we should set about giving a theory of what it is for beliefs and choices to be rational. Wedgwood thus unifies practical and theoretical rationality, and reveals the connections between formal accounts of rationality (such as those of formal epistemologists and decision theorists) and the more metaethics-inspired recent discussions of the normativity of rationality. He does so partly by drawing on recent work in the semantics of normative and modal terms (including deontic modals like 'ought').
Download or read book The Social Construction of Rationality written by Onno Bouwmeester and published by Taylor & Francis. This book was released on 2017-03-16 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many different forms of rationality. In current economic discourse the main focus is on instrumental rationality and optimizing, while organization scholars, behavioural economists and policy scientists focus more on bounded rationality and satisficing. The interplay with value rationality or expressive rationality is mainly discussed in philosophy and sociology, but never in an empirical way. This book shows that not one, but three different forms of rationality (subjective, social and instrumental) determine the final outcomes of strategic decisions executed by major organizations. Based on an argumentation analysis of six high-profile public debates, this book adds nuance to the concept of bounded rationality. The chapters show how it is socially constructed, and thus dependent on shared beliefs or knowledge, institutional context and personal interests. Three double case studies investigating the three rationalities illustrate how decision makers and stakeholders discuss the appropriateness of these rationalities for making decisions in different practice contexts. The first touches more on personal concerns, like wearing a niqab or looking at obscene art exposed in a public environment; the second investigates debates on improving the rights and position of specific minorities; and the third is based on the agreement on instrumental reasons for two kinds of investments, but the cost arguments are regarded less relevant when social norms or personal interests are violated. The Social Construction of Rationality is for those who study political economy, economic psychology and public policy, as well as economic theory and philosophy.
