The measurement of environmental and resource values : theory and methods / A. Myrick Freeman III.

Format:

Book

Author/Creator:

Freeman, A. Myrick, 1936-2022.

Language:

English

Subjects (All):

Environmental policy--Cost effectiveness.

Environmental policy.

Environmental policy--Evaluation.

Physical Description:

xviii, 491 pages : illustrations ; 24 cm

Edition:

Second edition.

Place of Publication:

Washington, DC : Resources for the Future, [2003]

Summary:

In the manner of its distinguished predecessor, the second edition of The Measurements of Environmental and Resource Values presents a comprehensive treatment of benefit measurement, providing an introduction to the methods and techniques of resource and environmental valuation to professional economists and graduate students who are not directly engaged in the field. Features of the new edition include a reworking of the chapters on stated and revealed preference methods of valuation, and new sections on the valuation of ecosystem functions and services and benefits transfer. Practitioners in the field will welcome the work as an up-to-date reference on recent developments in the theory and methods underlying the practice of resource valuation. Readers will understand more clearly the important role that estimates of the economic values of environmental and resource services can play in supporting resource and environmental management decisions.

Contents:

Resource evaluation and public policy

Measuring values, benefits, and costs : an overview

Defining and measuring welfare changes : basic theory

Revealed preference models of valuation : basic theory

Nonuse values

Stated preference methods for valuation

Aggregation of values across time

Values in an uncertain world

Environmental quality as a factor input

Valuing longevity and health

Property value models

Hedonic wage models

Recreational uses of natural resource systems.

Notes:

Includes bibliographical references and indexes.

ISBN:

1891853635

1891853627

OCLC:

51210432