Environmental and Resource Valuation with Revealed Preferences

A Theoretical Guide to Empirical Models

By: Nancy E. Bockstael, Kenneth E. McConnell

Write A Review

Hardcover | 28 November 2006

At a Glance

Hardcover
392 Pages

Edition Type
New edition

Dimensions(cm)
23.5 x 15.88 x 2.54

Hardcover

$249.00

or 4 interest-free payments of $62.25 with

or

Ships in 5 to 7 business days

Environmental and Resource Valuation with Revealed Preferences: A Theoretical Guide to Empirical Models provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades and authored some of the seminal papers in the field. The book is a natural outcome of their conceptual contributions and their many years of experience in empirical policy research, natural resource damage litigation and teaching on the topic.

The chief purpose of Environmental and Resource Valuation with Revealed Preferences is to collect in one place current thought on the various revealed preference approaches to environmental valuation and to subject these approaches to consistent theoretical critique.

Industry Reviews

From the reviews:

"In this book, Bockstael and McConnell concisely synthesis the economic principles that must be followed for revealed preference methods to yield valid welfare measures. ... This book provides that grounding in a clear and concise way. In addition, this book will be a major time saver to applied environmental economists attempting to do theoretically sound empirical work." (John Loomis, Environmental and Resource Economics, Vol. 42, 2009)

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $79.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.

Defective items

If there is a problem with any of the items received for your order then the Booktopia Customer Care team is ready to assist you.

For more info please visit our Help Centre.

More in Environmental Science

Australian Forest Woods

Characteristics, Uses and Identification

Hardcover

RRP $69.99

$48.75

30%
OFF

For the Love of Soil

Strategies to Regenerate Our Food Production Systems

Paperback

RRP $41.80

$36.99

12%
OFF

The Book of Hope

A Survival Guide for an Endangered Planet

Paperback

RRP $26.99

$22.99

15%
OFF

Nature's Last Dance

Tales of wonder in an age of extinction

Paperback

RRP $36.99

$29.75

20%
OFF

Milk

The truth, the lies and the unbelievable story of the original superfood

Paperback

RRP $34.99

$28.75

18%
OFF

Science in Resistance

The Scientist Rebellion for Climate Justice

Paperback

RRP $40.95

$32.75

20%
OFF

The Forest Wars

The ugly truth about what's happening in our tall forests

Paperback

RRP $34.99

$28.75

18%
OFF

Brave New Wild

Can Technology Really Save the Planet?

Paperback

RRP $32.99

$28.75

13%
OFF

Omni-Channel Retail and the Supply Chain : Working Together for a Competitive Advantage - Paul Myerson

$22.99

15%
OFF

Dr Karl's Little Book of Climate Change Science

Paperback

RRP $17.99

$16.75

What Your Food Ate

How to Restore Our Land and Reclaim Our Health

Paperback

RRP $31.95

$25.75

19%
OFF

Natural Farming

A Practical Guide

Paperback

RRP $39.99

$31.75

21%
OFF

Preface
Setting The Stage
Oil Spills and Valuation
Where Do We Begin?
The Purpose and Approach of the Book
The Maintained Assumptions
What the Book Omits
A Look Ahead
Welfare Economics For Price Changes
Introduction
Compensation Measures
Willingness to Pay and Willingness to Accept
From Behavior to Welfare Measures
So What is Wrong with Consumer Surplus?
From Ordinary Demands to Welfare
Multiple Price Changes
Income and Welfare Effects
Endogenous Income
Non-Linear Budget Constraints
Conclusions
The Concept Of Complementarity
Introduction
The Basic Problem
The Public Good as an Attribute
Weak Complementarity
Can Weak Complementarity Be Tested?
Weak Complementarity and Marshallian Demands
The Willig Condition
Welfare without Weak Complementarity
Conclusions
Implementing Weak Complementarity
Introduction
Specifying Demand as a Function of Quality
Translations of Utility Functions
Utility Parameters as a Function of Quality
Weak Complementarity and Household Production
Household Production and Constant Marginal Costs
Incorporating Time Costs
Time in Incomplete and Partial Demand Systems
On-Site Time and Non-linear Budget Constraints
Information and Behavioral Change
Quality Changes and Induced Price Effects
Induced Price Changes
Conclusions
Measuring Welfare In Discrete Choice Models
Introduction
The Basic Discrete Choice Model
Welfare in the Random Utility Model
More Welfare Calculations with the Linear Model
Welfare Measurement with Imperfect Information
Generalizing Discrete Choice Models
Nested Models: Relaxing the IIA Property
Mixed Logit Models: A Further Generalization
The Larger Consumer Choice Problem
The Role of Income
The Frequency of Choice
The Generalized Corner Solution Model
The Hedonic Travel Cost Model
The Structure of the Model
The Hedonic Cost function
Making Sense of the Story
Welfare Measures in the Hedonic Travel Cost Model
Conclusion
Hedonic Models Of Heterogenous Goods
Introduction
The Theory of Hedonic Models
Rosen''s Bid function
The Hedonic Price function
Welfare Measures in Hedonic Markets



Some Econometric Issues
Estimating the Hedonic Price Function Only
Recovering Information on Preferences
The Housing Choice as a Discrete Choice
dDrawbacks of Discrete Choice Housing Models
Conclusions
Hedonic Wage Analysis
Introduction
Hedonic Wages in Theory
The Simple Model
Revising the Model: The Wage vs Risk Trade-off
Important Underlying Assumptions
The Determinants of the Hedonic function
The Anomaly of Safer Jobs and Higher Pay
Endogenous Sorting
Welfare with the Hedonic Wage Model
Estimating the `Value of a Statistical Life''
Data Sources for Wage and Risk Variables
Variability in Specifications
Fragility of Estimates of the Wage-Risk Trade-off
The Challenge of Transferring $VSL$ Estimates
Wage Hedonics and Locational Amenities
The Roback Model
Migration and Disequilibrium
Welfare Interpretations
Locational Amenities in a Discrete Choice Framework
Conclusions
Public Goods In Household Production
Introduction
The Structure of the Problem
A Simple Result for Constant Marginal Costs
Restrictions on the Demand for an Input
The Case of a Separable Production Reltionship
Demand for Essential Inputs
Weak S
Table of Contents provided by Publisher. All Rights Reserved.

Environmental and Resource Valuation with Revealed Preferences

A Theoretical Guide to Empirical Models

At a Glance

Hardcover

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

More in Environmental Science

Australian Forest Woods

Characteristics, Uses and Identification

For the Love of Soil

Strategies to Regenerate Our Food Production Systems

The Book of Hope

A Survival Guide for an Endangered Planet

Nature's Last Dance

Tales of wonder in an age of extinction

Milk

The truth, the lies and the unbelievable story of the original superfood

Science in Resistance

The Scientist Rebellion for Climate Justice

The Forest Wars

The ugly truth about what's happening in our tall forests

Brave New Wild

Can Technology Really Save the Planet?

Omni-Channel Retail and the Supply Chain

Working Together for a Competitive Advantage

Green and Sustainable Synthesis of Iron Oxide-Based Nanomaterials for Energy and Environmental Applications

Metal Oxides

Not the End of the World

How We Can Be the First Generation to Build a Sustainable Planet

Dr Karl's Little Book of Climate Change Science

What Your Food Ate

How to Restore Our Land and Reclaim Our Health

Natural Farming

A Practical Guide

Ecology of Aquatic Plants

Agricultural Irrigation and Drainage Systems

Pollution

An Introductory Text

Water Quality

Monitoring and Management

Freshwater Management and Governance for the 21st Century

Freshwater Management and Governance for the 21st Century

Environmental Engineering

Principles and Practice

Earth Surface Responses and Processes

Effects of Human Activity

The Impact of Climate Change on Forest Health

A History of Technology and Environment

This product is categorised by