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Environmental and Resource Valuation with Revealed Preferences

A Theoretical Guide to Empirical Models

  • Nancy E. Bockstael
  • Kenneth E. McConnell

Part of the The Economics of Non-Market Goods and Resources book series (ENGO, volume 7)

Table of contents

  1. Front Matter
    Pages I-XV
  2. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 1-9
  3. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 11-40
  4. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 41-66
  5. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 67-99
  6. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 101-150
  7. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 151-187
  8. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 189-242
  9. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 243-288
  10. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 289-334
  11. Nancy E. Bockstael, Kenneth E. McConnell
    Pages 335-343
  12. Back Matter
    Pages 345-375

About this book

Introduction

Environmental and Resource Valuation with Revealed Preferences: A Theoretical Guide to Empirical Models provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades and authored some of the seminal papers in the field. The book is a natural outcome of their conceptual contributions and their many years of experience in empirical policy research, natural resource damage litigation and teaching on the topic.

The chief purpose of Environmental and Resource Valuation with Revealed Preferences is to collect in one place current thought on the various revealed preference approaches to environmental valuation and to subject these approaches to consistent theoretical critique.

The unique features of Environmental and Resource Valuation with Revealed Preferences include:

• a development of the theory from the simplest ideas of economic preferences, based on microeconomics and welfare theory, extended to show how these ideas can be used empirically;

• coherent theoretical and practical treatment of the approaches developed to value the environment and public goods, from travel cost to wage and housing hedonics to averting behavior and cost of illness;

• a candid review of the major conceptual challenges and an exploration of neglected issues in the literature;

• connections between theory and empirical research for real world problems.

Environmental Valuation with Revealed Preferences is an exceptionally useful tool for economists and graduate students working in the area of environmental and resource economics at universities, research institutes, government agencies, non-governmental environmental organizations, multi-lateral banks.

 

 

Keywords

consumer environment environmental benefits production public goods revealed preferences utility valuation

Authors and affiliations

  • Nancy E. Bockstael
    • 1
  • Kenneth E. McConnell
    • 2
  1. 1.Department of Agricultural and Resource EconomicsUniversity of MarylandU.S.A.
  2. 2.Department of Agricultural and Resource EconomicsUniversity of MarylandU.S.A.

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4020-5318-4
  • Copyright Information Springer 2007
  • Publisher Name Springer, Dordrecht
  • eBook Packages Business and Economics
  • Print ISBN 978-0-7923-6501-3
  • Online ISBN 978-1-4020-5318-4
  • Series Print ISSN 1571-487X
  • Buy this book on publisher's site