Valuing Environmental and Natural Resources : The Econometrics of Non-Market Valuation

By: Timothy C. Haab, Kenneth E. McConnell

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Hardcover | 1 January 2002

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Non-market valuation has become a broadly accepted and widely practiced means of measuring the economic values of the environment and natural resources. In this book, the authors provide a guide to the statistical and econometric practices that economists employ in estimating non-market values. The authors develop the econometric models that underlie the basic methods: contingent valuation, travel cost models, random utility models and hedonic models. They analyze the Measurement of non-market values as a procedure with two steps: the estimation of parameters of demand and preference functions and the calculation of benefits from the estimated models. Each of the models is carefully developed from the preference function to the behavioral or response function that researchers observe. The models are then illustrated with datasets that characterize the kinds of data researchers typically deal with. The real world data and clarity of writing in this book will appeal to environmental economists, students, researchers and practitioners in multilateral banks and government agencies.

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Non-Fiction Earth Sciences, Geography, Environment, Planning The Environment Environmental Management Economics Environmental Economics Econometrics

Preface
Welfare Economics for Non-market Valuation	p. 1
Parametric Models for Contingent Valuation	p. 16
Distribution-Free Models for Contingent Valuation	p. 59
The Distribution of Willingness to Pay	p. 84
Topics in Discrete Choice Contingent Valuation	p. 114
Modeling the Demand for Recreation	p. 137
Single Site Demand Estimation	p. 151
Site Choice Models	p. 190
Hedonic Price Equations	p. 245
New Directions in Non-market Valuation	p. 268
References	p. 278
Maximum Likelihood Estimation	p. 298
B: Some Useful Results	p. 307
Index	p. 323
Table of Contents provided by Blackwell. All Rights Reserved.

Valuing Environmental and Natural Resources : The Econometrics of Non-Market Valuation

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