Authors:
- A development of the theory from the simplest ideas of economic preferences, based on microeconomics and welfare theory, extended to show how these ideas can be used empirically
- Coherent theoretical and practical treatment of the approaches developed to value the environment and public goods, from travel cost to wage and housing hedonics to averting behavior and cost of illness
- A candid review of the major conceptual challenges and an exploration of neglected issues in the literature
- Connections between theory and empirical research for real world problems
Part of the book series: The Economics of Non-Market Goods and Resources (ENGO, volume 7)
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Table of contents (10 chapters)
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Front Matter
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Back Matter
About this book
Environmental and Resource Valuation with Revealed Preferences: A Theoretical Guide to Empirical Models provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades and authored some of the seminal papers in the field. The book is a natural outcome of their conceptual contributions and their many years of experience in empirical policy research, natural resource damage litigation and teaching on the topic.
The chief purpose of Environmental and Resource Valuation with Revealed Preferences is to collect in one place current thought on the various revealed preference approaches to environmental valuation and to subject these approaches to consistent theoretical critique.
Reviews
From the reviews:
"In this book, Bockstael and McConnell concisely synthesis the economic principles that must be followed for revealed preference methods to yield valid welfare measures. … This book provides that grounding in a clear and concise way. In addition, this book will be a major time saver to applied environmental economists attempting to do theoretically sound empirical work." (John Loomis, Environmental and Resource Economics, Vol. 42, 2009)
Authors and Affiliations
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Department of Agricultural and Resource Economics, University of Maryland, U.S.A.
Nancy E. Bockstael, Kenneth E. McConnell
Bibliographic Information
Book Title: Environmental and Resource Valuation with Revealed Preferences
Book Subtitle: A Theoretical Guide to Empirical Models
Authors: Nancy E. Bockstael, Kenneth E. McConnell
Series Title: The Economics of Non-Market Goods and Resources
DOI: https://doi.org/10.1007/978-1-4020-5318-4
Publisher: Springer Dordrecht
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer Science+Business Media B.V. 2007
Hardcover ISBN: 978-0-7923-6501-3Published: 28 November 2006
Softcover ISBN: 978-90-481-5533-0Published: 28 October 2010
eBook ISBN: 978-1-4020-5318-4Published: 31 March 2007
Series ISSN: 1571-487X
Edition Number: 1
Number of Pages: XVI, 376
Topics: Environmental Economics, Microeconomics, Environmental Management, Economic Growth