A Primer on Nonmarket Valuation

by Patricia A. Champ, Kevin J. Boyle & Thomas C. Brown
rrp $189.00

Publisher: Springer Netherlands

Series: The Economics of Non-Market Goods and Resources

Publication Date: February 11, 2017

ISBN: 9789400771048

Binding: Kobo eBook

Availability: eBook

Get eBook

This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values.

The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.