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A Primer on Nonmarket Valuation

  • Book
  • © 2017

Overview

Editors:
  1. Patricia A. Champ

    1. USDA Forest Service Rocky Mountain Research Station, Fort Collins, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Kevin J. Boyle

    1. Dept. Agricultural and Applied Economics, Virginia Polytechnic Institute and State University, Blacksburg, USA

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    You can also search for this editor in PubMed   Google Scholar

  3. Thomas C. Brown

    1. USDA Forest Service Rocky Mountain Research Station, Fort Collins, USA

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    You can also search for this editor in PubMed   Google Scholar

  • Covers the main nonmarket valuation techniques at a level appropriate for individuals who do not have a PhD in economics
  • Chapters are laid out similarly with the steps to implementing each of the nonmarket valuation techniques
  • The citations provide a valuable resource to fully understand the recommendations and for supporting research designs
  • The 2nd edition includes updated chapters from the 1st edition as well as three new chapters: Substitution Methods, Experimental Methods in Valuation, Reliability and Validity in Nonmarket Valuation
  • Includes supplementary material: sn.pub/extras

Part of the book series: The Economics of Non-Market Goods and Resources (ENGO, volume 13)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-ix
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  2. Valuing Environmental Goods and Services: An Economic Perspective

    • Kathleen Segerson
    Pages 1-25

  3. Conceptual Framework for Nonmarket Valuation

    • Nicholas E. Flores
    Pages 27-54

  4. Collecting Nonmarket Valuation Data

    • Patricia A. Champ
    Pages 55-82

  5. Contingent Valuation in Practice

    • Kevin J. Boyle
    Pages 83-131

  6. Choice Experiments

    • Thomas P. Holmes, Wiktor L. Adamowicz, Fredrik Carlsson
    Pages 133-186

  7. Travel Cost Models

    • George R. Parsons
    Pages 187-233

  8. Hedonics

    • Laura O. Taylor
    Pages 235-292

  9. Averting Behavior Methods

    • Mark Dickie
    Pages 293-346

  10. Substitution Methods

    • Thomas C. Brown
    Pages 347-390

  11. Experimental Methods in Valuation

    • Craig E. Landry
    Pages 391-429

  12. Benefit Transfer

    • Randall S. Rosenberger, John B. Loomis
    Pages 431-462

  13. Reliability and Validity in Nonmarket Valuation

    • Richard C. Bishop, Kevin J. Boyle
    Pages 463-497

  14. Back Matter

    Pages 499-504
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Keywords

About this book

This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values.


The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study. 



Editors and Affiliations

  • USDA Forest Service Rocky Mountain Research Station, Fort Collins, USA

    Patricia A. Champ, Thomas C. Brown

  • Dept. Agricultural and Applied Economics, Virginia Polytechnic Institute and State University, Blacksburg, USA

    Kevin J. Boyle

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