Stale Navrud, Gerald Pruckner,
"Environmental Valuation - To use or not to use? A comparative study of the U.S.A. and Europe"
, in Environmental and Resource Economics, 8-1997, ISSN: 1573-1502
Original Titel:
Environmental Valuation - To use or not to use? A comparative study of the U.S.A. and Europe
Sprache des Titels:
Englisch
Englische Kurzfassung:
In the absence of ownership and efficient pricing, special techniques are needed to place consumers' preferences for environmental goods and services on the common ground with demand for more conventional commodities. Three types of procedures have been applied to value environmental goods
and health impacts: household production function methods based on the demand for complements and substitutes, hedonic price analysis of decomposing prices for market goods to extract embedded values for related environmental attributes, and experimental methods for the elicitation of preferences, either by using hypothetical settings, i.e.Contingent Valuation, or by constructing a market where none existed. All three methods stem from applied welfare economics.