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Economic Valuation With Stated Preference Techniques |
Ian J. Bateman, Richard T. Carson, Brett Day, Michael Hanemann, Nick Hanley, Tannis Hett, Michael Jones-Lee, Graham Loomes, Susana Mourato, Ece Özdemiroglu, David Pearce, Robert Sugden and John Swanson
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| 2002 |
480 pp |
Hardback |
978 1 84064 919 2 |
£79.00 |
on-line discount
£71.10 |
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| 2004 |
480 pp |
Paperback |
978 1 84376 852 4 |
£40.00 |
on-line discount
£32.00 |
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‘Adherence to the principles and wisdom set out in this book will contribute significantly to the rational valuation of non-market benefits and costs.’
– Ken Willis, Journal of Environmental Planning and Management
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.
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Contents: Introduction 1. The Foundations of Economic Valuation 2. Commissioning a Stated Preference Study 3. Population, Sample and Survey Mode 4. Designing a Contingent Valuation Questionnaire 5. Contingent Valuation: Analysing the Results 6. Designing a Choice Modelling Questionnaire 7. Choice Modelling: Analysing the Results 8. Validity and Reliability 9. Aggregation 10. Reporting 11. Combining Revealed and Stated Preference Techniques 12. Cautions, Caveats and Future Directions References Glossary
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In Association with the UK Department for Transport
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