Estimating Economic Values for Nature: Methods for Non-Market Valuation (New Horizons in Environmental Economics series) - Hardcover

Smith, V. K.

Hardcover

ISBN 10: 1858981336 ISBN 13: 9781858981338

Publisher: Edward Elgar Publishing, 1996

Synopsis

Estimating Economic Values for Nature presents, in one volume, a collection of V. Kerry Smith's papers prepared over 25 years dealing with the theory and practice of non-market valuation for environmental resources.
Taken together, the papers explore the conceptual basis, the implementation process and empirical performance of all available methods of measuring economic values for the services of nature and how these values are constructed from people's choices. The issues discussed in this volume include travel cost recreation demand, averting behaviour, household production, hedonic property value, hedonic wage and contingent valuation methods. These essays describe what has been learned from past benefit analysis, using meta-analysis, as well as the issues at the frontier of current research in the area.
This important volume will be welcomed by environmental and public economists, as well as practitioners of cost-benefit analysis, as an authoritative and comprehensive discussion of non-market valuation.

About this title

About the Author

V. Kerry Smith is the Art and Sciences Professor of Environmental Economics at Duke University, Durham, North Carolina and a University Fellow with Resources for the Future, Washington, US.

Review

`The book, while demonstrating the evolution in theoretical thinking produced by a major contributor to the literature, also establishes the state-of-the-art for practitioners and scholars of non-market valuation generally. In this setting, this compilation is highly recommended as a valuable new reference book.' -- Andrew K. Dragun, The Economic Journal `. . . this volume represents an important collection for final-year undergraduate and postgraduate students specializing in environmental economics. Its value is to be found not only in the "content" of the papers included, but also through the insights it provides on the way that research in a relatively new area of economics is developing and the important role that particular individuals can play in such circumstances.' -- J.M. Tomkins, The Manchester School

Edition details

• Publisher: Edward Elgar Publishing
• Publication date: 1996
• ISBN 10: 1858981336
• ISBN 13: 9781858981338
• Binding: Hardcover
• Language: English
• Number of pages: 640