The Measurement of Environmental and Resource Values: Theory and Methods

Author: A. Myrick Freeman III, Joseph A. Herriges, Catherine L. Kling
Brand: Taylor & Francis Ltd
Edition: 3
Binding: Paperback
Number of Pages: 478
Release Date: 02-07-2014

Product Description:
The first edition of this influential work won the 2002 Publication of Enduring Quality award by the Association of Environmental and Resource Economists. The premise of the book remains that economic estimates of environmental and natural resource services are essential for effective policymaking. The third edition continues this premise and introduces two additional co-authors. It provides a comprehensive exploration of the theory and methods used in environmental benefit estimation.

This edition offers expanded discussions on empirical measurement approaches, diverging "willingness to pay" and "willingness to accept compensation," econometric issues, survey design, equilibrium sorting models, and behavioral economics' impact on welfare measurements and benefit-cost analysis. Researchers, policymakers, and practitioners will find this updated edition an essential reference on non-market valuation. Students will benefit from its insights into the contribution of economics to critical issues in pollution control, health, recreation, and environmental amenities.

Review:
"This new edition provides the complete package in environmental valuation – adding more detail on empirical methods, surveys, behavioral economics, and frontier issues to the previous classic edition." – W.L. (Vic) Adamowicz, Professor, University of Alberta, Canada.
"This superb book sets a new standard for guidelines regarding the valuation of environmental resources." – Ian Bateman, Professor, University of East Anglia, UK.
"A comprehensive and readily accessible guide to valuation exercises that will prove a key reference for researchers and research users." – Kathleen Segerson, University of Connecticut, USA.

About the Author:
A. Myrick Freeman III is Professor Emeritus at Bowdoin College and a former Senior Fellow at Resources for the Future.
Joseph A. Herriges is Professor of Economics at Iowa State University and was Managing Editor of the Journal of Environmental Economics and Management.
Catherine L. Kling is Distinguished Professor at Iowa State University and Director of the Center for Agricultural and Rural Development. She is a former President of the Association of Environmental and Resource Economists.

EAN: 9780415501583
Package Dimensions: 9.0 x 6.1 x 1.1 inches
Languages: English