Studies in Risk and Uncertainty

Environmental Resource Valuation

Applications of the Contingent Valuation Method in Italy

Editors: Bishop, Richard C., Romano, Donato (Eds.)

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About this book

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.

Table of contents (14 chapters)

  • Introduction

    Bishop, Richard C. (et al.)

    Pages 3-10

  • A Review of CVM Environmental Applications in Italy

    Romano, Donato (et al.)

    Pages 11-44

  • Total Economic Value and Evaluation Techniques

    Albani, Marco (et al.)

    Pages 47-71

  • Cognitive Representations of Total Value in a CVM Framework: A Critical Review of the Literature

    Casoni, Giorgio

    Pages 73-94

  • Paternalism vs. Consumer Sovereignty in the Economic Appraisal of Non-Market Goods

    Nuti, Fabio

    Pages 95-108

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-1-4615-5741-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $239.00
price for USA
  • ISBN 978-0-7923-8143-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $189.00
price for USA
  • ISBN 978-1-4613-7630-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Environmental Resource Valuation
Book Subtitle
Applications of the Contingent Valuation Method in Italy
Editors
  • Richard C. Bishop
  • Donato Romano
Series Title
Studies in Risk and Uncertainty
Series Volume
11
Copyright
1998
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4615-5741-8
DOI
10.1007/978-1-4615-5741-8
Hardcover ISBN
978-0-7923-8143-3
Softcover ISBN
978-1-4613-7630-9
Series ISSN
0926-972X
Edition Number
1
Number of Pages
XI, 286
Topics