Environmental Resource Valuation

1. Front Matter

   Pages i-xi

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2. Introduction to CVM in Italy

   1. Front Matter

      Pages 1-1

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   2. Introduction

      • Richard C. Bishop, Donato Romano

      Pages 3-10

   3. A Review of CVM Environmental Applications in Italy

      • Donato Romano, Laura Viganò

      Pages 11-44

3. Conceptual Issues

   1. Front Matter

      Pages 45-45

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   2. Total Economic Value and Evaluation Techniques

      • Marco Albani, Donato Romano

      Pages 47-71

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

      • Giorgio Casoni

      Pages 73-94

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

      • Fabio Nuti

      Pages 95-108

4. Wildlife Applications

   1. Front Matter

      Pages 109-109

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   2. The Economic Value of Wildlife (Game and Non-Game): Two CVM Case Studies from North-Eastern Italy

      • Francesco Marangon, Paolo Rosato

      Pages 111-138

   3. The Economic Value of Hunting in Florence Province

      • Leonardo Casini, Severino Romano

      Pages 139-154

   4. The Economic Value of Hunting Activity: A CVM Study at Tonezza Del Cimone (Vicenza) Alpine Preserve

      • Guido Maria Bazzani

      Pages 155-172

   5. Valuing Birdwatching in a Mediterranean Wetland

      • Giovanni Signorello

      Pages 173-191

5. Other Applications

   1. Front Matter

      Pages 193-193

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   2. Individual WTPs for Reductions in Cancer Death Risks

      • Agostina Aimola

      Pages 195-212

   3. The Economic Value of Rural Landscape: An Application to the Area Between Isonzo and Tagliamento Rivers (Friuli-Venezia Giulia)

      • Tiziano Tempesta

      Pages 213-232

   4. Kernel vs. Logit Modeling of Single Bounded CV Responses: Valuing Access to Architectural and Visual Arts Heritage in Italy

      • Riccardo Scarpa, Gemma Sirchia, Marina Bravi

      Pages 233-244

   5. Categorical Nesting and Information Effects on WTP Estimates for the Conservation of Cultural Heritage in Campi Flegrei

      • Patrizia Riganti, Riccardo Scarpa

      Pages 245-259

6. Current Status and Outlook

   1. Front Matter

      Pages 261-261

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   2. Reflections on Validity and the Italian Experience with Contingent Valuation

      • Richard C. Bishop, Daniel W. McCollum

      Pages 263-278

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.

• Conservation
• Italy
• consumer
• econometrics
• environment
• evaluation
• information
• modeling
• research
• science and technology
• service
• valuation

• Department of Agricultural and Applied Economics, University of Wisconsin, Madison, USA

  Richard C. Bishop

• Department of Agricultural and Forest Economics — DEEAF, University of Florence, Italy

  Donato Romano

• Inter-University Center on Mountain, Hill and Agro-Forest Systems Research — CIRMOCOSAF, Italy

  Donato Romano

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