Book Description
This manual offers a detailed, up-to-date explanation of how to carry out economic valuation using stated preference techniques. It is relevant for the application of these techniques to all non-market goods and services including: air and water quality; provision of public open space; health care that is not sold through private markets; risk reduction policies and investments not provided privately; provision of information as with the recorded heritage, the protection of cultural assets and so on. The resulting valuations can be used for a number of purposes including, but not limited to: demonstrating the importance of a good or service; cost-benefit analysis; setting priorities for environmental policy; design of economic instruments; green national/corporate accounting; and natural resource damage assessment. Compiled by the leading experts in the field, this manual starts by explaining the concepts. It shows how to choose the most appropriate technique and how to design the questionnaires. Detailed advice on econometric analysis is provided, as well as explanation of the pitfalls that need to be avoided.
About the Author
Ian Bateman, Richard T. Carson, Brett Day, Michael Hanemann, Nick Hanley, Tannis Hett, Michael Jones-Lee, Graham Loomes, Susana Mourato, Ece Özdemiroglu, David W. Pearce, Robert Sugden and John Swanson
Economic Valuation with Stated Preference Techniques: A Manual SYNOPSIS
This manual provides explanations on performing economic valuation using stated preference techniques. The techniques are used largely to assign economic value to non-market goods such as clean air and water, the provision of public open space, non-market healthcare, risk reduction policies, and the protection of cultural assets by asking people what value they attach to those goods or services. They describe the design and analysis of contingent valuation and choice modelling questionnaires and the resultant data. Issues of validity, reliability, aggregation, and reporting are examined and possible combinations of revealed and stated techniques are explored. Annotation c. Book News, Inc.,Portland, OR
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