Valuing Environmental and Natural Resources

Language: English

Published by Edward Elgar Publishing Ltd, GB, 2002

1840647043 / 9781840647044

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Non-market valuation has become a broadly accepted and widely practiced means of measuring the economic values of the environment and natural resources. In this book, the authors provide a guide to the statistical and econometric practices that economists employ in estimating non-market values.The authors develop the econometric models that underlie the basic methods: contingent valuation, travel cost models, random utility models and hedonic models. They analyze the measurement of non-market values as a procedure with two steps: the estimation of parameters of demand and preference functions and the calculation of benefits from the estimated models. Each of the models is carefully developed from the preference function to the behavioral or response function that researchers observe. The models are then illustrated with datasets that characterize the kinds of data researchers typically deal with.The real world data and clarity of writing in this book will appeal to environmental economists, students, researchers and practitioners in multilateral banks and government agencies.…

Seller Inventory # LU-9781840647044

Title
Valuing Environmental and Natural Resources
Author
Kenneth E. McConnell, Timothy C. Haab
Publisher
Edward Elgar Publishing Ltd, GB
Publication year
2002
Condition
New
Binding
Hardback
Language
English
ISBN 10
1840647043
ISBN 13
9781840647044

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