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Author Smith, V. Kerry (Vincent Kerry), 1945-

Title Estimating economic values for nature : methods for non-market valuation / V. Kerry Smith
Published Cheltenham, U.K. ; Brookfield, Vt. : Edward Elgar, [1996]


Location Call no. Vol. Availability
 MELB  333.7 Smi/Eev  AVAILABLE
Description xxxiv, 605 pages : illustrations ; 25 cm
Series New horizons in environmental economics
New horizons in environmental economics.
Contents 1. Resource Evaluation at a Crossroads -- 2. Can We Measure the Economic Value of Environmental Amenities? -- 3. Nonmarket Valuation of Environmental Resources: An Interpretive Appraisal -- 4. The Estimation and Use of Models of the Demand for Outdoor Recreation -- 5. Taking Stock of Progress with Travel Cost Recreation Demand Methods: Theory and Implementation -- 6. An Econometric Evaluation of a Generalized Consumer Surplus Measure: The Mineral King Controversy / V. Kerry Smith, Charles J. Cicchetti and Anthony C. Fisher -- 7. The Opportunity Cost of Travel Time in Recreation Demand Models / V. Kerry Smith, William H. Desvousges and Matthew P. McGivney -- 8. The Generalized Travel Cost Model and Water Quality Benefits: A Reconsideration / V. Kerry Smith and William H. Desvousges -- 9. Selection and Recreation Demand -- 10. Modeling Recreation Demand with a Random Utility Framework / V. Kerry Smith and Yoshiaki Kaoru
11. The Hedonic Travel Cost Model: A View from the Trenches / V. Kerry Smith and Yoshiaki Kaoru -- 12. Combining Farrell Frontier and Hedonic Travel Cost Models for Valuing Estuarine Quality / V. Kerry Smith, Raymond B. Palmquist and Paul Jakus -- 13. The Spatial Limits of the Travel Cost Recreational Demand Model / V. Kerry Smith and Raymond J. Kopp -- 14. Welfare Effects, Omitted Variables, and the Extent of the Market -- 15. Signals or Noise? Explaining the Variation in Recreation Benefit Estimates / V. Kerry Smith and Yoshiaki Kaoru -- 16. Urban Amenities and Public Policy / V. Kerry Smith and Timothy J. Bartik -- 17. Market Segmentation and Valuing Amenities with Hedonic Models: The Case of Hazardous Waste Sites / V. Kerry Smith and R. Gregory Michaels -- 18. The Role of Site and Job Characteristics in Hedonic Wage Models -- 19. Hedonic Models and Air Pollution: Twenty-Five Years and Counting / V. Kerry Smith and Ju Chin Huang
20. Indirect Revelation of the Demand for Public Goods: An Overview and Critique -- 21. Household Production Functions and Environmental Benefit Estimation -- 22. Averting Behavior: Does it Exist? / V. Kerry Smith and William H. Desvousges -- 23. Marine Pollution and Sport Fishing Quality: Using Poisson Models as Household Production Functions / V. Kerry Smith, Jin Long Liu and Raymond B. Palmquist -- 24. Focus Groups and Risk Communication: The "Science" of Listening to Data / V. Kerry Smith and William H. Desvousges -- 25. Congestion, Quality Deterioration, and Optimal Use: Wilderness Recreation in the Spanish Peaks Primitive Area / V. Kerry Smith and Charles J. Cicchetti -- 26. Option Price Estimates for Water Quality Improvements: A Contingent Valuation Study for the Monongahela River / V. Kerry Smith, William H. Desvousges and Ann Fisher -- 27. An Empirical Analysis of the Economic Value of Risk Changes / V. Kerry Smith and William H. Desvousges
28. Giving Respondents Time to Think in Contingent Valuation Studies: A Developing Country Application / V. Kerry Smith, Dale Whittington, Apia Okorafor, Augustine Okore, Jin Long Liu and Alexander McPhail -- 29. Nonuse Values in Benefit Cost Analysis -- 30. On Separating Defensible Benefit Transfers from "Smoke and Mirrors" -- 31. Benefit Estimation Goes to Court: The Case of Natural Resource Damage Assessments / V. Kerry Smith and Raymond J. Kopp -- 32. Environmental Costing for Agriculture: Will It Be Standard Fare in the Farm Bill of 2000?
Summary Estimating Economic Values for Nature presents, in one volume, a collection of V. Kerry Smith's papers prepared over 25 years dealing with the theory and practice of non-market valuation for environmental resources. Taken together, the papers explore the conceptual basis, the implementation process and empirical performance of all available methods of measuring economic values for the services of nature and how these values are constructed from people's choices. The issues discussed in this volume include travel cost recreation demand, averting behaviour, household production, hedonic property value, hedonic wage and contingent valuation methods. These essays describe what has been learned from past benefit analysis, using meta-analysis, as well as the issues at the frontier of current research in the area. This important volume will be welcomed by environmental and public economists, as well as practitioners of cost-benefit analysis, as an authoritative and comprehensive discussion of non-market valuation
Notes Includes index
Bibliography Includes bibliographical references and index
Subject Environmental auditing -- United States -- Mathematical models.
Natural resources -- Valuation -- United States -- Mathematical models.
Outdoor recreation -- Economic aspects -- United States -- Mathematical models.
LC no. 96000924
ISBN 1858981336