Essays on Non-market Valuation PDF Download

Author: Rebecca Lynn Moore
Publisher:
ISBN:
Category :
Languages : en
Pages : 168

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Author: Afif Naeem
Publisher:
ISBN:
Category :
Languages : en
Pages :

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This dissertation analyzes the issues pertaining to non-market valuation of environmental amenities. In particular, it addresses the underlying latent systematic heterogeneity across individuals and its effect on their valuation for environmental amenities.

Author: 三谷羊平
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Patricia A. Champ
Publisher: Springer
ISBN: 9400771045
Category : Business & Economics
Languages : en
Pages : 508

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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.

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Languages : en
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This dissertation addresses issues in non-market valuation related to preference uncertainty and to the divergence between willingness to accept (WTA) and willingness to pay (WTP) in contingent valuation method. The contributions are two fold. First, the dissertation contributes to development in non-market valuation by comparing emerging approaches addressing preference uncertainty in the standard contingent valuation framework and by introducing a promising approach, the fuzzy random utility maximization model. Further, the study provides empirical support for the observed divergence between WTA and WTP using a simultaneous equation regression model. Second, the dissertation provides policy implications. The non-market valuation model was calibrated with a survey of western Canadian landowners in 2000 to determine their willingness to accept compensation for planting trees to mitigate climate change. WTA values were then used to analyze the cost effectiveness of sequestering carbon by converting agricultural land to forestry. While estimates of WTA are less than foregone agricultural values, average costs of creating carbon credits still exceed their projected value under a C02-emissions trading scheme. Another results from the survey of Nevada ranchers that asked about WTP for public forage and WTA compensation to part with grazing rights indicate that ranch size, public grazing allotment, financial distress, and long term commitment to ranching are all significant influences on the disparity between WTA and WTP, which gives valuable information to ranch policy.

Author: Vincent Kerry Smith
Publisher: Edward Elgar Publishing
ISBN: 9781782542100
Category : Business & Economics
Languages : en
Pages : 644

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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.

Author: Yongsik Jeon
Publisher:
ISBN:
Category :
Languages : en
Pages : 147

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Author: Raymond J. Kopp
Publisher: Springer Science & Business Media
ISBN: 9780792399803
Category : Business & Economics
Languages : en
Pages : 352

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Contingent valuation (CV) measures what is called passive use value or existence value. The CV method has been used to measure the benefits of environmental policy actions. CV measures of economic value rely on choice. In CV studies, choices are posed to people in surveys; analysts then use the responses to these choice questions to construct monetary measures of value. The specific mechanism used to elicit respondents' choices can take a variety of forms, including asking survey respondents whether they would purchase, vote, or pay for a program or some other well-defined object of choice. It can also be a direct elicitation of the amount each respondent would be willing to pay (WTP) to obtain an object of choice or the amount each respondent would be willing to accept (WTA) in compensation to give it up. This volume is composed of three sections. The first section provides background into the issues underlying the public and academic discussion regarding CV and the reliability of CV estimates of economic value. In addition, this section reviews the theory underlying the measurement of economic value and discusses those aspects of the theory most relevant to CV. The second section focuses on issues that have formed the core of the CV discussions including: sensitivity of WTP estimates to the size of the program offered, tests for theoretical consistency of CV results, and the sensitivity of results to context and numerous other features of the survey and its administration. The final section addresses the application of CV to actual economic valuation tasks and discusses the types of practical problems the CV researcher will encounter.

Author: Yau Shr
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The first essay uses a split-sample experiment to investigate how images influence peoples choices in a choice experiment regarding the landscape attributes of green infrastructure. The results suggest that images alone and text descriptions alone are equally effective at conveying visually salient landscape attributes. When respondents are presented with both images and text, they are less likely to ignore individual attributes in choice questions. However, the provision of images makes responses more random, i.e., respondents preferences for attributes are less consistent across choice questions. The second essay proposes a strategy to complement the existing model selection criteria for discrete choice models. The strategy assesses models performance in terms of the ability to predict the ranking of attribute levels stated by respondents according to their preferences. The results show that the random parameter logit models overall produced more accurate predictions of the stated rankings than latent class logit models, despite inferior model fit measures under some sparser specifications. In the third essay, I propose a theoretical framework suggesting that the flood risks revealed by the information of flood zone status will decay overtime. The decay of flood risks also leads to an asymmetry of the impacts of flood zone status change. With the housing transaction data of Centre County, Pennsylvania, this paper applies parcel fixed-effects models to investigate the impacts of flood zone status on property value and test the theory. The results provide evidence to the theory: there is a significant increase in risk discount when a property is assigned into a flood zone, but no change when a property is mapped out of a flood zone. In addition, the risk discount disappears about eight to nine years after the flood zone status change.

Author: Larry S. Eubanks
Publisher:
ISBN:
Category : Game and game-birds
Languages : en
Pages : 129

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