Estimating Economic Values for Nature

Estimating Economic Values for Nature

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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.Four essays in particular influenced my selection. ... Of equal influence, the essay by my former colleague Bob Gallman a decade ago reminded me that a presidential ... In particular, I want to tell you about my summer vacation. I went to theanbsp;...

Title:Estimating Economic Values for Nature
Author: Vincent Kerry Smith
Publisher:Edward Elgar Publishing - 1996

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