Nonmarket Valuation of Natural Resource Amenities PDF Download

Author: Patricia Ann Champ
Publisher:
ISBN:
Category : Natural resources
Languages : en
Pages : 720

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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 167

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Book Description
Rural landscapes in the United States have changed substantially in recent years due to increased urbanization, and an ever-increasing demand for consumptive and non-consumptive uses of natural resources. At the same time, we are facing new challenges regarding the socio-economic well-being of people and the ecological significance of resources in the landscape. Previous research in natural resources economics and management has failed to recognize the role of natural resources amenities in fostering economic growth, human values, and public welfare. Applying various non-market valuation techniques to real world observations, the findings from the essays in this dissertation add to the valuation aspects of natural resources economics literature, and reveal some policy implications for local, state, and federal governments. The first essay investigates the potential of promoting natural resource amenities as a rural economic growth engine. The second investigates how the variation, spatial distribution, and configuration of landuse features are valued in urban neighborhoods. The third essay estimates the demand for public lands in urban areas and analyzes the anticipated economic welfare gain of policies supplying such public lands. The fourth essay extends the existing model of the life expectancy production function to evaluate the role of environmental amenities in promoting public health. The final essay assesses the effects of the ongoing landuse changes and urban sprawl on the demand for wildlife hunting and related nature-based recreation in rural America. Since the recent approaches of conservation and development emphasize passive employment of natural resources for sustainable development; the essays in this dissertation present some insights into recognizing the value of natural resources in economic growth, human values, public health, and recreational prospects in the United States. In addition to providing policy implications, essays in this dissertation extend or improve some of the existing models and methodological frameworks of non-market valuation.

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.

Author: George L. Peterson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 280

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Author: National Research Council
Publisher: National Academies Press
ISBN: 030909318X
Category : Science
Languages : en
Pages : 291

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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.

Author: Frew Hailu
Publisher: GRIN Verlag
ISBN: 3656834652
Category : Business & Economics
Languages : de
Pages : 40

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Studienarbeit aus dem Jahr 2013 im Fachbereich VWL - Umweltökonomie, , Veranstaltung: Environmental Economics, Sprache: Deutsch, Abstract: Monetary valuation of environmental goods has by now become the subject of numerous economic books and articles. Interest in the topic seems to be increasing in the economics profession, and theoretical insight, methodological improvements and the numbers of empirical findings are expanding rapidly. The aim of such valuation is usually to incorporate environmental concerns into a cost-benefit analysis. Another purpose is to construct environmentally adjusted national income measures Environmental value estimates have also been combined with macroeconomic models, e.g. to estimate welfare effects of a climate treaty Further, estimated willingness to pay is now accepted in the USA as a basis for legal compensation claims for damages to natural resources caused by spill of hazardous substances (Nyborg, 1996) Valuation can simply be defined “as an attempt to put monetary values or to environmental goods and services or natural resources”. It is a key exercise in economic analysis and its results provide important information about values of environmental goods and services. This information can be used to influence decisions about wise use and conservation of forests and other ecosystems. The basic aim of valuation is to determine people’s preferences by gauging how much they are willing to pay (WTP) for given benefits or certain environmental attributes e.g. keep a forest ecosystem intact. In other words, valuation also tries to gauge how much worse off they would consider themselves to be as a result of changes in the state of the environment such as degradation of a forest. Economic valuation never refers to a stock, but only the change in a stock. If one speaks of the economic value of biodiversity, then one always means the economic value of a change of biodiversity. It is not a question of determining the ‘true’ value of biodiversity or ecosystems but valuing changes and comparing them with their alternatives, e.g. with a golf course vs without a golf course. Thus it is non-sense to ask “how much are the African National Parks worth?” A plausible question in this case would be: ‘WWF has proposed a new policy to prevent the huge losses of wildlife species from African National Parks. What is the monetary value of the benefits of this policy (i.e., the economic damages avoided)? Economists thus stress that the valuation should focus on changes rather than levels of biodiversity or ecosystem. [...]

Author: A. Myrick Freeman
Publisher: Resources for the Future
ISBN: 9781891853623
Category : Business & Economics
Languages : en
Pages : 516

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Book Description
Non-market valuation is becoming increasingly accepted as an evaluative tool of economics related to environmental and resource protection. Freeman (economics, Bowdoin College) presents an overview of the literature, introducing the principal methods and techniques of resource valuation. Chapters cover the measurement of welfare changes, revealed and stated preference models, nonuse models, aggregation of values across time, environmental quality as factor input, longevity and health valuation, property value models, hedonic wage models, and recreational uses of natural resource systems. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).

Author: A. Myrick Freeman III
Publisher: Routledge
ISBN: 1317703936
Category : Business & Economics
Languages : en
Pages : 479

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The first edition of this important work was the winner of the 2002 Publication of Enduring Quality award by the Association of Environmental and Resource Economists. The continuing premise for the book is that estimates of the economic values of environmental and natural resource services are essential for effective policy-making. As previous editions, the third edition, which includes two additional co-authors, presents a comprehensive treatment of the theory and methods involved in estimating environmental benefits. Researchers, policy-makers, and practitioners will welcome the work as an up-to-date reference on recent developments. Students will gain a better understanding of the contribution that economics as a discipline can make to decisions concerning pollution control and human health, recreation, environmental amenities, and other critical issues concerning the way we use and interact with environmental and natural resource systems. To reflect recent progress in both the theory and practice of non-market valuation, the third edition includes more details on empirical approaches to measurement, expanded discussion of the reasons for divergence between "willingness to pay" and "willingness to accept compensation," and increased coverage of econometric issues encountered in estimation. In keeping with its cutting edge orientation, it also includes more discussion of survey design, equilibrium sorting models, and the implications of behavioral economics for welfare measurements and benefit cost analysis.

Author: James J. Opaluch
Publisher:
ISBN:
Category :
Languages : en
Pages : 4

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Author: Rebecca L Johnson
Publisher: Routledge
ISBN: 0429694067
Category : Political Science
Languages : en
Pages : 235

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Allocation of natural resources has become a prominent concern at the local, state, and federal level. Competing uses for increasingly scarce resources are requiring that the relative values of those uses be investigated. Although many types of value are important in decision making, this book is concerned with the economic value of natural resources. Economic values for certain natural resources are readily observable in markets. For others, however, market prices are not available, and estimates of value must be made through nonmarket valuation techniques. The progress that has been made in improving the theory, methods, and applications of these techniques has been remarkable. Along with the progress, however, come new problems that must be addressed. The chapters presented in this volume are a collection of examples of both progress and problems.