Environment, Science and Society

Valuing the Environment: Methodological and Measurement Issues

Editors: Pethig, Rüdiger (Ed.)

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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.

Table of contents (13 chapters)

  • Ecological Dynamics and the Valuation of Environmental Change

    Pethig, Rüdiger

    Pages 3-22

  • The Value of Non-Market Natural Assets as Production Factor

    Point, Patrick

    Pages 23-57

  • Valuation and Aggregation

    Johansson, Per-Olov

    Pages 59-79

  • The Need for Alternatives to the Expected Utility Approach in Environmental Risk Economics or ‘Who is Afraid of Russian Roulette?’

    Querner, Immo

    Pages 83-128

  • Welfare Measurement under Uncertainty

    Svento, Rauli

    Pages 129-150

Buy this book

eBook $279.00
price for USA (gross)
  • ISBN 978-94-015-8317-6
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $359.00
price for USA
  • ISBN 978-0-7923-2602-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $359.00
price for USA
  • ISBN 978-90-481-4345-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Valuing the Environment: Methodological and Measurement Issues
Editors
  • Rüdiger Pethig
Series Title
Environment, Science and Society
Series Volume
2
Copyright
1994
Publisher
Springer Netherlands
Copyright Holder
Springer Science+Business Media B.V.
eBook ISBN
978-94-015-8317-6
DOI
10.1007/978-94-015-8317-6
Hardcover ISBN
978-0-7923-2602-1
Softcover ISBN
978-90-481-4345-0
Series ISSN
1383-7028
Edition Number
1
Number of Pages
XXII, 348
Topics