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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The formal idea of bargaining originated with John Nash's paintings within the early Nineteen Fifties. This ebook discusses fresh advancements during this idea. the 1st makes use of the device of intensive video games to build theories of bargaining during which time is modeled explicitly. the second one applies the idea of bargaining to the learn of decentralized markets. instead of surveying the sector, the authors current a opt for variety of types, each one of which illustrates a key element. moreover, they offer precise proofs during the booklet. It makes use of a small variety of types, instead of a survey of the sphere, to demonstrate key issues, and comprises exact proofs given as motives for the types. The textual content has been class-tested in a semester-long graduate direction.
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The generalized approach to moments (GMM) estimation has emerged during the last decade as delivering a able to use, versatile instrument of program to a number of econometric and monetary types through hoping on gentle, believable assumptions. The valuable target of this quantity, the 1st dedicated totally to the GMM method, is to supply a whole and recent presentation of the idea of GMM estimation in addition to insights into using those equipment in empirical reports.
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Extra resources for Benefit Transfer of Environmental and Resource Values: A Guide for Researchers and Practitioners
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.