Download Benefit Transfer of Environmental and Resource Values: A by Robert J. Johnston, John Rolfe, Randall S. Rosenberger, Roy PDF

By Robert J. Johnston, John Rolfe, Randall S. Rosenberger, Roy Brouwer

This e-book presents a entire overview of environmental gain move equipment, concerns and demanding situations, protecting themes appropriate to researchers and practitioners. Early chapters offer obtainable introductory fabrics appropriate for non-economists. those chapters additionally aspect how profit move is used in the coverage strategy. Later chapters hide extra complex themes suited for valuation researchers, graduate scholars and people with related wisdom of financial and statistical conception and strategies. This booklet offers the main entire insurance of environmental profit move equipment on hand in one location.

The e-book goals a large viewers, together with undergraduate and graduate scholars, practitioners in economics and different disciplines trying to find a one-stop guide protecting profit move issues and those that desire to observe or review gain move tools. it truly is designed for these either with and with out education in economics

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Extra resources for Benefit Transfer of Environmental and Resource Values: A Guide for Researchers and Practitioners

Example text

2006b). Different valid measures can be used to quantify economic values. Among the most common is consumer surplus, which may be interpreted as the difference between what an individual or group would be willing to pay for a commodity (measured off the estimated demand curve) and what is actually paid, summed over all units. 6 Theoretically exact welfare measures of surplus for individuals are called Hicksian welfare measures; these include compensating and equivalent surplus (Bockstael and McConnell 2010; Freeman et al.

Rosenberger and Roy Brouwer Abstract This chapter provides an introductory overview of benefit transfer methods. It begins with a discussion of the different types of benefit transfer (such as unit value transfer and benefit function transfer), including a review of these different approaches and the relative advantages and disadvantages of each. This is followed by a summary of foundations in welfare economics and valuation. Included in this methodological introduction are a discussion of stated and revealed preference valuation and how the results from each may be used for benefit transfer.

The measurement of environmental and resource values: Theory and methods. Washington, DC: Resources for the Future. , & Barbier, E. B. (2009). Pricing nature: Cost-benefit analysis and environmental policy. Cheltenham, UK: Edward Elgar. , & Rosenberger, R. (2010). Methods, trends and controversies in contemporary benefit transfer. Journal of Economic Surveys, 24, 479–510. Kling, C. , Phaneuf, D. , & Zhao, J. (2012). From Exxon to BP: Has some number become better than no number? Journal of Economic Perspectives, 26, 3–26.

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