The Use Of Economic Valuation In Environmental Policy

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The Economic Valuation of the Environment and Public Policy

Author : Noboru Hidano
Publisher : Edward Elgar Publishing
Page : 190 pages
File Size : 55,7 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 1843767155

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The Economic Valuation of the Environment and Public Policy by Noboru Hidano Pdf

The Economic Valuation of the Environment and Public Policy fills an important gap in economic literature by providing a comprehensive account of hedonic pricing and its use in valuation of environmental amenities. . . . It should be invaluable to anyone contemplating undertaking a hedonic pricing study of an environmental amenity, as it contains practical advice on a myriad of modeling issues. Likewise, it should be of value to anyone wishing to thoroughly understand and critique the results of a hedonic pricing exercise. Richard T. Carson, Environment I appreciate this book s blend between theory and applications. It contains an informative review of the development of the theory of the hedonic price technique as well as an insightful analysis of the econometrics of the approach. Noboru Hidano has a gift for breaking down the difficult theoretical and econometric problems into simple and manageable proportions. Per-Olov Johansson, Stockholm School of Economics, Sweden The importance of the hedonic valuation approach in public policy evaluation and environmental value estimation is now widely accepted. This book is especially designed to illustrate the basic assumptions of the hedonic approach and highlight the strengths and weaknesses associated with it. Combining rigorous theoretical analysis, detailed empirical studies and an extensive history of hedonic valuation, the book is both a good introductory text to the field and a precise yet comprehensive aid for professionals and practitioners alike. Some of the book s special features include: a comprehensive explanation of the basic theorem extensive discussions on the utility of the approach in the evaluation of both small-scale and large-scale projects detailed explanations of how the approach can best be applied to cost benefit analysis an examination of the applicability of the hedonic method by comparing estimated values for various environmental and public services an illustration of public policy and environmental valuation using readily-understood examples. The Economic Valuation of the Environment and Public Policy will be essential reading for students of environmental and ecological economics, environmental science and technology specialists, and all those who are interested in the evaluation of public sector projects.

The Use of Economic Valuation in Environmental Policy

Author : Phoebe Koundouri
Publisher : Routledge
Page : 378 pages
File Size : 51,6 Mb
Release : 2009-06-11
Category : Business & Economics
ISBN : 9781134053582

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The Use of Economic Valuation in Environmental Policy by Phoebe Koundouri Pdf

This book aims to show that economics in general and non-market valuation methods in particular, together with participatory and engineering tools, can facilitate the design and implementation of the different European policies in relation to mitigation of water stress. The results presented in this book derive from AquaStress, an EU funded integrated project, delivering interdisciplinary methodologies to help mitigate water stress problems. The project draws on both academic and practitioner skills to generate knowledge in technological, operational management, policy, socio-economic, and environmental domains. The book is divided in three parts and as the AquaStress project, is case study driven. Part I begins with a review of the up-to-date use of non-market valuation economic methods in the design and implementation of EU water policies. Part II of the book proceeds to discuss and analyze participatory and engineering tools that can facilitate the determination of efficient water resources policies and the consequent implementation of the EU WFD, using case studies of test sites from Bulgaria, Italy, Morocco and Poland. Part III of the book, brings us back to the use of economic tools and focuses on policy appraisal through social cost-benefit analyses and the choice/estimation of the socially efficient discount rate to be used in such analyses. The book concludes with specific policy recommendations for all case-studies considered in previous chapters. This work would be of most interest to water resources managers and policy makers as well as consultants working on the implementation of the WFD. It would also be helpful to students and scholars of water resource management.

Economic Valuation of the Environment

Author : Guy Garrod,Kenneth George Willis
Publisher : Edward Elgar Publishing
Page : 410 pages
File Size : 50,6 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105024342854

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Economic Valuation of the Environment by Guy Garrod,Kenneth George Willis Pdf

This book examines the major techniques used in cost-benefit analysis and project appraisal to value environmental goods and services. The authors, both environmental economists at the U. of Newcastle-upon- Tyne, UK, begin with description of various theoretical approaches including both revealed and expressed preference techniques. They then analyze case studies connected with recreation, landscape, biodiversity, water quality, amenity values. A concluding section contains discussion of contemporary issues, policy implications, and suggestions for future research. Annotation copyrighted by Book News, Inc., Portland, OR

Environmental Valuation in Developed Countries

Author : David W. Pearce
Publisher : Edward Elgar Publishing
Page : 473 pages
File Size : 43,7 Mb
Release : 2006
Category : Nature
ISBN : 9781847201768

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Environmental Valuation in Developed Countries by David W. Pearce Pdf

Environmental Valuation in Developed Countries will be of interest to policy makers and economist in search of a variety of methodologies related to environmental valuation. Political Studies Review This is the second of two volumes of case studies that illustrate how environmental economists place values on environmental assets and on the flows of goods and services generated by those assets. The first volume, Valuing the Environment in Developing Countries, illustrates methodologies and applications of valuation techniques in the developing world; this volume concentrates on developed or wealthy nations where the first examples of economic valuation of the environment were carried out. This important book assembles studies that discuss broad areas of application of economic valuation from amenity and pollution through to water and health risks, from forestry to green urban space. In this, his last book, the late David Pearce brought together leading European experts, contributors to some two dozen case studies exploring the frontiers of economic valuation of natural resources and environmental amenity in the developed world. Essays on the role of valuation in environmental policy, environmental justice and green accounts are presented, and case study topics include: valuing forestry benefits GM crops water use and quality externalities in the electricity sector renewable energy benefits electricity transmission line disamenity urban greenspace chemical risks noise pollution. Economic valuation has undoubtedly made an important contribution to the environmental debate, and the contributors illustrate how sophisticated techniques have become, and how powerful their application can be. As such, this significant volume will prove essential reading for academics, researchers, students and practitioners in the field of environmental economics.

Environmental Valuation

Author : Jennifer Rietbergen-McCracken,Hussein Abaza
Publisher : Routledge
Page : 289 pages
File Size : 51,9 Mb
Release : 2013-10-11
Category : Business & Economics
ISBN : 9781134199174

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Environmental Valuation by Jennifer Rietbergen-McCracken,Hussein Abaza Pdf

This companion volume to Economic Instruments for Environmental Management presents essential information on the applications of economic valuation to environment and development. It draws on a three-year collaborative effort by research institutions around the world. Authoritative studies review the range of valuation methods used in developing economies, their purposes, the problems encountered and the quality of the results. Topics covered include the value of wildlife viewing, the conservation of rainforests, mangroves and coral reefs, supplying rural water, and controlling urban air pollution. The analysis reveals important methodological and contextual factors, highlighting key lessons and ways of strengthening future valuations. Written to be accessible to non-economists, the book provides source material for students and academics, and for policy-makers and professionals, using valuation methods to frame policy.

Sustainability and Environmental Decision Making

Author : Euston Quah,Renate Schubert
Publisher : Springer
Page : 467 pages
File Size : 50,8 Mb
Release : 2021-06-07
Category : Business & Economics
ISBN : 9811592861

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Sustainability and Environmental Decision Making by Euston Quah,Renate Schubert Pdf

The primary aim of this reference volume is to provide an accessible and comprehensive review of current methods used to address resource evaluation and environmental as well as climate issues, and in a manner easily understood by decision-makers and the non-economists interested in environmental policy matters. Theoretical insight and empirical observations from various countries will be presented and recommendations on sustainable environmental decision-making will be given. Natural resource managers, environmental and climate decision-makers, government policy makers, and economics scholars will all find this volume to be an essential reference.

Valuation Methods and Policy Making in Environmental Economics

Author : H. Folmer,E.C. van Ierland
Publisher : Elsevier
Page : 258 pages
File Size : 48,5 Mb
Release : 1989-05-01
Category : Business & Economics
ISBN : 0080874959

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Valuation Methods and Policy Making in Environmental Economics by H. Folmer,E.C. van Ierland Pdf

This volume considers, in depth, some valuation methods and aspects of cost benefit analysis, and policy making in environmental economics. Part I contains a number of contingent valuation studies for non-market assets. Part II consists of contributions on the valuation of health and life, and deals with the benefits of reduced morbidity from air pollution control. In Part III, cost benefit analysis for environmental policy-making is discussed in a disequilibrium setting, and in a macroeconomic context. Finally, Part IV deals with aspects of policy-making, particularly benefit estimation for complex policies, and the international aspects of transboundary air pollution in Europe. The book should not only appeal to students and researchers in university departments of economics and ``environmental sciences'' but also to those working in public organisations and associated advisory institutes which are concerned with environmental problems.

Economic Analysis of Environmental Policy

Author : Ross McKitrick
Publisher : University of Toronto Press
Page : 281 pages
File Size : 48,5 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9781442642263

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Economic Analysis of Environmental Policy by Ross McKitrick Pdf

The relationship between economic growth and the environment is at the forefront of public attention and poses serious challenges for policymakers around the world. Economic Analysis of Environmental Policy, a textbook for advanced undergraduate and graduate courses, provides a rigorous and thorough explanation of modern environmental economics, applying this exposition to contemporary issues and policy analysis. Opening with a discussion of contemporary pollution problems, institutional players and the main policy instruments at our disposal, Ross McKitrick develops core theories of environmental valuation and optimal control of pollution. Chapters that follow cover issues like tradable permits, regulatory standards, emission taxes, and polluter liability as well as advanced topics like trade and the environment, sustainability, risk, inequality, and self-monitoring. Throughout, McKitrick uses clear, intuitive, and coherent analytical tools, so that students, academics, and practitioners can develop their policy analysis skills while comprehending the debates and challenges at the frontier of this exciting and rapidly-developing field.

Valuing the Environment

Author : Jean-Philippe Barde,David W. Pearce
Publisher : Routledge
Page : 244 pages
File Size : 48,8 Mb
Release : 2013-11-05
Category : Business & Economics
ISBN : 9781134048533

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Valuing the Environment by Jean-Philippe Barde,David W. Pearce Pdf

This is the second in a pair of economic texts commissioned by the OECD in the field of environmental economics; The Pearce Report: Blueprint for a Green Economy puts the role which monetary evaluation of environmental costs and benefits can play firmly into the public eye. This book goes further and looks at six countries where such evaluation techniques are applied and at the obstacles to their further use. The case studies, written by leading experts in each nation, show how these methods are being taken up in the UK, Norway and Italy and the ways in which they are already extensively in use in the USA, Germany and the Netherlands. The authors also describe the obstacles to their use - the lack of knowledge of environmental economics at government level; the competition from other government priorities; and, the failure of environmental groups to grasp the importance of financial evaluation to their cause. But, as this book makes clear, significant advances are being made, both in the implementation of these economic techniques and, above all, in striking and yet further developments in economic thinking.

Environmental Resource Valuation

Author : Richard C. Bishop,Donato Romano
Publisher : Springer Science & Business Media
Page : 289 pages
File Size : 54,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461557418

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Environmental Resource Valuation by Richard C. Bishop,Donato Romano Pdf

Economic values are increasingly used in policy analysis and legal settings. With the growing recognition that many of the things that benefit or harm people are outside the market system, have come increasing efforts to develop nonmarket valuation techniques. One such technique is the contingent valuation method (CVM). CVM seeks to value environmental and other nonmarket goods and services by asking individuals about their values using survey methods. These procedures are different from the `revealed-preference' methods that economists have historically employed to estimate economic values. Why depart from well-established revealed-preference procedures and apply a `stated-preference' method like CVM? For nonmarket goods and services, revealed-preference methods have two shortcomings that those applying CVM hope to avoid. First, revealed-preference methods involve econometric problems that have yet to be fully overcome. The second shortcoming of revealed-preference methods is that such methods, when applied to environmental amenities, are likely to be only partial measures of value. Given the tremendous interest that exists in economic values and the limitations of revealed-preference methods, it is not surprising that interest in CVM has grown rapidly. Environmental Resource Valuation reviews the application of CVM and compares American experiences in nonmarket evaluation with those in other countries.

Values for the Environment

Author : J. T. Winpenny
Publisher : Unknown
Page : 292 pages
File Size : 45,9 Mb
Release : 1991
Category : Cost effectiveness
ISBN : MINN:31951D00511970O

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Values for the Environment by J. T. Winpenny Pdf

Time and resources are often limiting factors to the project analyst, so practicality forms an integral part of this guide to the economic evaluation of the impact of projects on the environment. It makes use of case material, using cost-benefit analysis as the decision framework.

Economic Valuation and the Natural World

Author : David William Pearce
Publisher : World Bank Publications
Page : 71 pages
File Size : 49,8 Mb
Release : 1992
Category : Analisis costo-beneficio
ISBN : 8210379456XXX

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Economic Valuation and the Natural World by David William Pearce Pdf

Economic valuation can help improve decisions about protecting the environment . By inputing values to unpriced goods, it can make public choices more cost-efficient and thus allow limited public income to be optimally spent.

The Economic Approach to Environmental Policy

Author : A. Myrick Freeman
Publisher : Edward Elgar Publishing
Page : 520 pages
File Size : 44,5 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105023206522

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The Economic Approach to Environmental Policy by A. Myrick Freeman Pdf

These papers cover such topics as: the effects of environmental and resources policies on income distribution; the incorporation of distribution effects into environmental policy analysis; the role of economic incentives in environmental policy; the economic valuation of environment changes; and the consideration of risk and uncertainty in economic valuation and policy making. The book also includes papers on the ethical basis of environmental economics and the economic approach to environmental policy.

Valuing the Environment: Methodological and Measurement Issues

Author : Rüdiger Pethig
Publisher : Springer Science & Business Media
Page : 378 pages
File Size : 51,8 Mb
Release : 1994-06-30
Category : Business & Economics
ISBN : 0792326024

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Valuing the Environment: Methodological and Measurement Issues by Rüdiger Pethig Pdf

During the last decades, environmental economics as a science has been very successful in improving our understanding of environment-economy interdepen dence. Using conventional economic methodology, environmental aspects have been explicitly incorporated into economic models making use of the concept of externality. This concept was already familiar to economists long before evidence of severe environmental deterioration found its way into the headlines and peo ple's awareness. But before that time, external effects were not considered as being empirically very relevant, they seemed to be -like the example of the bees and the fruit trees - somewhat bucolic in nature. All that changed dramatically when it was no longer possible (or easy) to ignore the large-scale environmental disruption with its negative feedback on consumers and producers caused by growing pollution and excessive use of environmental resources. In diagnosing the discrepancy between private and social cost as the cause of the problem, the externality paradigm proved very useful. The correct diagnosis implies the straightforward cure to internalise all external cost, namely the damage cost of pollution. But it is one thing to identify the qualitative nature of the problem at an abstract conceptual level and quite another thing to place specific money values on pollution damage and society's valuation of the environment, respectively, in the context of specific pollution (control) problems. Very often it is controversial not only how inefficient the no-policy situation is but also what exactly the net benefit of any public action of reducing pollution is.

Valuing Ecosystem Services

Author : National Research Council,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Assessing and Valuing the Services of Aquatic and Related Terrestrial Ecosystems
Publisher : National Academies Press
Page : 291 pages
File Size : 48,6 Mb
Release : 2005-05-14
Category : Science
ISBN : 9780309093187

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Valuing Ecosystem Services by National Research Council,Division on Earth and Life Studies,Water Science and Technology Board,Committee on Assessing and Valuing the Services of Aquatic and Related Terrestrial Ecosystems Pdf

Nutrient recycling, habitat for plants and animals, flood control, and water supply are among the many beneficial services provided by aquatic ecosystems. In making decisions about human activities, such as draining a wetland for a housing development, it is essential to consider both the value of the development and the value of the ecosystem services that could be lost. Despite a growing recognition of the importance of ecosystem services, their value is often overlooked in environmental decision-making. This report identifies methods for assigning economic value to ecosystem servicesâ€"even intangible onesâ€"and calls for greater collaboration between ecologists and economists in such efforts.