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Four Essays On Non Market Valuation
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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.
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:
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:
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:
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.
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:
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:
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.
Book Synopsis Four Essays on International Entrepreneurship by : Gordian Rättich
Download or read book Four Essays on International Entrepreneurship written by Gordian Rättich and published by Springer Science & Business Media. This book was released on 2011-07-29 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gordian Rättich provides with his four essays on distinctive levels of International Entrepreneurship an answer on some of the most essential challenges by shedding light on how social groups, economic institutions and nations manage to overcome the challenges of internationalization and gain competitive advantages.
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.
Book Synopsis Post-Keynesian Essays from Down Under Volume IV: Essays on Theory by : G. Harcourt
Download or read book Post-Keynesian Essays from Down Under Volume IV: Essays on Theory written by G. Harcourt and published by Springer. This book was released on 2019-03-15 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume IV explores theory.
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.
Book Synopsis Four essays on applied microeconometrics by : Marta Isabel López Yurda
Download or read book Four essays on applied microeconometrics written by Marta Isabel López Yurda and published by Rozenberg Publishers. This book was released on 2009 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public Preferences and Nonmarket Values for the Management of Forest Ecosystem Services by : Laila Anna Racevskis
Download or read book Public Preferences and Nonmarket Values for the Management of Forest Ecosystem Services written by Laila Anna Racevskis and published by . This book was released on 2005 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays on the Quality of Audited Financial Statements by : Ulf Mohrmann
Download or read book Essays on the Quality of Audited Financial Statements written by Ulf Mohrmann and published by Logos Verlag Berlin GmbH. This book was released on 2016-02-15 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dissertation consists of four essays on the quality of audited financial statements. The first analysis investigates the association between several regulations of the audit market and earnings characteristics. The second essay differentiates between different drivers of audit quality after an auditor change by comparing the effects of voluntary and mandatory auditor changes. The third study analyses the different strategies of Big4 and non-Big4 auditors in dealing with Level 3 fair values. The fourth part examines banks' valuation behavior concerning Level 3 fair values.
Book Synopsis Additions to the Fourth and Former Editions of "An Essay on the Principle of Population" by : Malthus
Download or read book Additions to the Fourth and Former Editions of "An Essay on the Principle of Population" written by Malthus and published by . This book was released on 1817 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Value and Crisis: Essays on Labour, Money and Contemporary Capitalism by : Alfredo Saad Filho
Download or read book Value and Crisis: Essays on Labour, Money and Contemporary Capitalism written by Alfredo Saad Filho and published by BRILL. This book was released on 2019-02-11 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value and Crisis brings together selected essays written by Alfredo Saad-Filho. This book examines the labour theory of value and its implications for the nature of neoliberalism, financialisation, inflation, monetary policy, and the crises of contemporary capitalism.
