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Valuing the Environment: Methodological and Measurement Issues

  • Book
  • © 1994

Overview

Editors:
  1. Rüdiger Pethig
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Part of the book series: Environment, Science and Society (ENSS, volume 2)

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xxii
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  2. Basic Issues of Valuing the Environment

    1. Front Matter

      Pages 1-1
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    2. Ecological Dynamics and the Valuation of Environmental Change

      • Rüdiger Pethig
      Pages 3-22

    3. The Value of Non-Market Natural Assets as Production Factor

      • Patrick Point
      Pages 23-57

    4. Valuation and Aggregation

      • Per-Olov Johansson
      Pages 59-79

  3. Conceptual Problems of Valuation under Uncertainty

    1. Front Matter

      Pages 81-81
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    2. The Need for Alternatives to the Expected Utility Approach in Environmental Risk Economics or ‘Who is Afraid of Russian Roulette?’

      • Immo Querner
      Pages 83-128

    3. Welfare Measurement under Uncertainty

      • Rauli Svento
      Pages 129-150

    4. Valuing Changes in Health: A Production Function Approach

      • Per-Olov Johansson
      Pages 151-167

  4. Measuring Values

    1. Front Matter

      Pages 169-169
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    2. Nonuse Value: Reflections on the Definition and Measurement

      • Mordechai Shechter, Shirra Freeman
      Pages 171-194

    3. An Assessment of the Contingent Valuation Method

      • Ruud Hoevenagel
      Pages 195-227

    4. The Use of Stated Preference Methods in the Evaluation of Environmental Change

      • Alan Pearman
      Pages 229-249

    5. A Comparison of Economic Valuation Methods

      • Ruud Hoevenagel
      Pages 251-270

  5. Energy-Related Valuation Procedures

    1. Front Matter

      Pages 271-271
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    2. Energy Metrics: On Various Valuation Properties of Energy

      • Sylvie Faucheux, Gonzague Pillet
      Pages 273-309

    3. Applying EMergy Analysis to Vineyard Cultivation and Wine Production

      • Gonzague Pillet
      Pages 311-323

    4. Energy Analysis and Sustainable Development

      • Sylvie Faucheux
      Pages 325-346

  6. Back Matter

    Pages 347-348
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Keywords

About this book

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.

Bibliographic Information

  • Book Title: Valuing the Environment: Methodological and Measurement Issues

  • Editors: Rüdiger Pethig

  • Series Title: Environment, Science and Society

  • DOI: https://doi.org/10.1007/978-94-015-8317-6

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media B.V. 1994

  • Hardcover ISBN: 978-0-7923-2602-1Published: 30 June 1994

  • Softcover ISBN: 978-90-481-4345-0Published: 15 December 2010

  • eBook ISBN: 978-94-015-8317-6Published: 14 March 2013

  • Series ISSN: 1383-7028

  • Edition Number: 1

  • Number of Pages: XXII, 348

  • Topics: Environmental Economics, Environmental Management

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