Essays on Non-market Valuation

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ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Essays on Non-market Valuation by : Rebecca Lynn Moore

Download or read book Essays on Non-market Valuation written by Rebecca Lynn Moore and published by . This book was released on 2006 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Two Essays on Non-market Valuation

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (92 download)

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Book Synopsis Two Essays on Non-market Valuation by : Afif Naeem

Download or read book Two Essays on Non-market Valuation written by Afif Naeem and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Three Essays on Non-market Valuation Using Hedonic Property and Contingent Valuation Techniques

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ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.:/5 (184 download)

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Book Synopsis Three Essays on Non-market Valuation Using Hedonic Property and Contingent Valuation Techniques by : Julie M. Mueller

Download or read book Three Essays on Non-market Valuation Using Hedonic Property and Contingent Valuation Techniques written by Julie M. Mueller and published by . This book was released on 2007 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Non-market Valuation of Environmental Resources

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ISBN 13 :
Total Pages : 802 pages
Book Rating : 4.:/5 (926 download)

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Book Synopsis Essays on Non-market Valuation of Environmental Resources by :

Download or read book Essays on Non-market Valuation of Environmental Resources written by and published by . This book was released on 2003 with total page 802 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Non-market Valuation

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (836 download)

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Book Synopsis Essays on Non-market Valuation by : 三谷羊平

Download or read book Essays on Non-market Valuation written by 三谷羊平 and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Primer on Nonmarket Valuation

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Publisher : Springer
ISBN 13 : 9400771045
Total Pages : 508 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis A Primer on Nonmarket Valuation by : Patricia A. Champ

Download or read book A Primer on Nonmarket Valuation written by Patricia A. Champ and published by Springer. This book was released on 2017-02-08 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Four Essays on Non-market Valuation

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (68 download)

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Book Synopsis Four Essays on Non-market Valuation by :

Download or read book Four Essays on Non-market Valuation written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Four Essays on Non-market Valuation

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Four Essays on Non-market Valuation by : Lili Sun

Download or read book Four Essays on Non-market Valuation written by Lili Sun and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Estimating Economic Values for Nature

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781782542100
Total Pages : 644 pages
Book Rating : 4.5/5 (421 download)

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Book Synopsis Estimating Economic Values for Nature by : Vincent Kerry Smith

Download or read book Estimating Economic Values for Nature written by Vincent Kerry Smith and published by Edward Elgar Publishing. This book was released on 1996-06 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Essays on Improving Nonmarket Valuation Techniques/ by Yongsik Jeon

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ISBN 13 :
Total Pages : 147 pages
Book Rating : 4.:/5 (255 download)

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Book Synopsis Essays on Improving Nonmarket Valuation Techniques/ by Yongsik Jeon by : Yongsik Jeon

Download or read book Essays on Improving Nonmarket Valuation Techniques/ by Yongsik Jeon written by Yongsik Jeon and published by . This book was released on 2005 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Non-use Values and Intertemporal Choice

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ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.:/5 (347 download)

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Book Synopsis Non-use Values and Intertemporal Choice by : Jeffrey Karl Lazo

Download or read book Non-use Values and Intertemporal Choice written by Jeffrey Karl Lazo and published by . This book was released on 1992 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The estimation of benefits from non-marketed commodities has immense policy implications in the allocation of resources to environmental cleanup and protection. These essays discuss concerns related to the estimation of non-use benefits, specifically in relation to groundwater cleanup. Considered in turn are an applications of the contingent valuation (CV) method, an experimental examination of intertemporal choices and a theoretical model investigating intertemporal non-use values. Chapter 2 reports on the development of a CV survey estimating benefits from groundwater cleanup. Cognitive survey design is offered as an important methodology for developing CV surveys to elicit reliable non-use valuations. Verbal protocols taken while individuals completed preliminary survey instruments permit the evaluation context and information in the survey design. The subsequent refinement and retesting led to a survey instrument providing three independent estimates of non-use values for groundwater. The internal consistency of these approaches lends support to the use of cognitive survey design in developing CV surveys and the use of CV for estimating non-use values. Chapter 3 reports on an intertemporal choice experiment to estimate individual's rate of time preference. Facing real money payoffs in an incentive compatible setting, individuals made intertemporal choices on their allocation of income. A model analyzing the theoretically optimal decision shows that many individuals apparently ignore their intertemporal budget constraint. The implicit rejection of intertemporal wealth transfers impacts the interpretation of bequest values in policy analysis as shown in Chapter 4. Chapter 4 develops a theoretical model examining components of value related to groundwater cleanup showing that bequest values may result from water market failure as well as from paternalistic altruism. While opponents of CVM suggest that bequest values be disregarded in benefit estimates due to the possibility of double counting, this analysis shows such a conclusion to be unwarranted. Potential double counting when non-paternalistic altruism is present may be accounted for by not summing benefits over multiple generations. Bequest values must be considered if they result from water market failure or paternalistic altruism. Further, bequest values may be confounded with existence values in value construction suggesting, therefore, that these best be measured together.

Essays on Valuing Non-market Goods in Imperfectly Competitive Markets

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ISBN 13 :
Total Pages : 370 pages
Book Rating : 4.:/5 (886 download)

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Book Synopsis Essays on Valuing Non-market Goods in Imperfectly Competitive Markets by :

Download or read book Essays on Valuing Non-market Goods in Imperfectly Competitive Markets written by and published by . This book was released on 2013 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays on Non-market Valuation

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Essays on Non-market Valuation by : Yau Shr

Download or read book Essays on Non-market Valuation written by Yau Shr and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Essays on Non-market Valuation with Applications to Valuing Wildlife Resources

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ISBN 13 :
Total Pages : 129 pages
Book Rating : 4.:/5 (221 download)

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Book Synopsis Essays on Non-market Valuation with Applications to Valuing Wildlife Resources by : Larry S. Eubanks

Download or read book Essays on Non-market Valuation with Applications to Valuing Wildlife Resources written by Larry S. Eubanks and published by . This book was released on 19?? with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Essays in Valuation of Non-market Environmental Impacts

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ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Essays in Valuation of Non-market Environmental Impacts by : Ju Young Park

Download or read book Essays in Valuation of Non-market Environmental Impacts written by Ju Young Park and published by . This book was released on 2017 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: In my dissertation, I measure the value of non-market amenities such as environmental quality using the hedonic pricing method in all three chapters. In Chapter 2, the study examines the price premium from Korea's Energy Efficiency Grade Label. The Korean government recently began energy certification of televisions, providing a setting to analyze a possible price effect of the new label. Hedonic regression results seem to show that a price premium exists for products with the Energy Efficiency Grade Label. However, potential unobserved heterogeneity is a concern. Difference-in-difference and fixed-effects models are used to capture the net effect of the label by controlling for time and product differences. The results suggest that any price premium does not result from the energy efficiency label itself. Instead, energy-efficient products already had higher prices before the introduction of the energy efficiency label. The finding turns our attention to the importance of careful design of labeling programs. In Chapter 3, using the publicly available housing transaction data in Korea, the study estimates a fixed-effects model to examine the impact of industrial park openings on the housing market in Korea. This study contributes to the literature in three ways. First, the availability of multiple transactions within apartment complexes makes it feasible to carry out a fixed-effects estimation and address unobserved heterogeneity across apartment complexes. Second, I trace the effect on housing values from the announcement stage to actual operation stage of industrial parks. Third, although most previous studies analyze U.S. housing market, I examine the Korean housing market. I find that people in general have positive expectations about parks opening at the time of announcement, but they do not want to be located in close proximity to the park. Furthermore, the housing price effects of announcement and actual start of operation differ. Local households react positively to the news of industrial park openings and remain positive by the time parks begin operation, but households in close proximity to industrial parks react relatively less positively at the time of announcement, and the decline in price premium becomes greater once parks begin operation. In Chapter 4, I examine the price effect of the Fukushima nuclear accident on the Korean housing market. The Fukushima nuclear disaster triggered by the earthquake and tsunami was an unfortunate accident that is recorded as the worst nuclear accident since the Chernobyl accident. Given the proximity of South Korea to Japan, Koreans were particularly more concerned about the severity of the accident and its environmental and health impacts. Uncertain events such as the Fukushima nuclear accident may cause households to re-evaluate the likelihood of environmental hazard and decrease the values of housing units that are located near the facilities. Current study analyzes how the Korean housing market responds to the Fukushima nuclear disaster, using publicly available housing transactions data. The study compares the prices of apartments located in the nuclear plant-possessing districts with those of the apartments located in adjacent districts. The results indicate that in reaction to the news of disaster in Japan, housing prices decreased radically in those districts with nuclear power plants.

The International Handbook on Non-Market Environmental Valuation

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Publisher : Edward Elgar Publishing
ISBN 13 : 0857931199
Total Pages : 417 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis The International Handbook on Non-Market Environmental Valuation by : Jeff Bennett

Download or read book The International Handbook on Non-Market Environmental Valuation written by Jeff Bennett and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-market environmental valuation (NMEV) is undergoing a period of increased growth in both application and development as a result of increasing recognition of the role of economics in environmental policy issues. Against this backdrop, The International Handbook on Non-Market Environmental Valuation brings together world leaders in the field to advance the development and application of NMEV as a tool for policymaking. The expert contributors provide insights into the state of the art across the spectrum of both revealed and stated preference methods and highlight new directions being taken. A sequence of topical applications demonstrate various techniques and illustrate what can be achieved using NMEV: deliberately diverse case studies are drawn from Europe, North America, Asia and Australia with valuation targets ranging across use and non-use values of the environment. A number of reviews of cutting-edge issues are also presented. This outstanding resource will enable those interested in environmental valuation from theoretical, practical or policy perspectives to bring themselves to the forefront of developments and practice. As such, this Handbook will prove invaluable to a wide-ranging audience encompassing academics, researchers, students, practitioners and consultants involved in environmental economics and NMEV.

Determining the Value of Non-Marketed Goods

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Publisher : Springer Science & Business Media
ISBN 13 : 9780792399803
Total Pages : 352 pages
Book Rating : 4.3/5 (998 download)

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Book Synopsis Determining the Value of Non-Marketed Goods by : Raymond J. Kopp

Download or read book Determining the Value of Non-Marketed Goods written by Raymond J. Kopp and published by Springer Science & Business Media. This book was released on 1997-09-30 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.