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Valuing Environmental and Natural Resources

Haab, Timothy C./ McConnell, Kenneth E.

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ISBN 10: 1840647043 / ISBN 13: 9781840647044
Published by Edward Elgar Pub, 2002
New Condition: New
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Bibliographic Details

Title: Valuing Environmental and Natural Resources

Publisher: Edward Elgar Pub

Publication Date: 2002

Binding: HRD

Book Condition:New

About this title

Synopsis:

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.

About the Author:

Timothy C. Haab, Assistant Professor, Department of Agricultural, Environmental and Development Economics, Ohio State University, US and Kenneth E. McConnell, Professor, Department of Agricultural and Resource Economics, University of Maryland, College Park, US

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