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Pricing Nature |
Nick Hanley, Professor of Environmental Economics, University of Stirling, UK and Edward B. Barbier, John S. Bugas Professor of Economics, University of Wyoming, US
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Cost–Benefit Analysis (CBA) is one of the most useful tools of applied economics for the social appraisal of public projects and government policies. This textbook shows how CBA can be applied to environmental policy choice and environmental resource management. It covers the conceptual underpinnings of CBA, practical methods for applying CBA, and a wide range of case study applications from around the globe. Issues such as the value of ecosystem services and the special problems posed for CBA by environmental management are brought into close focus.
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Contents: 1. Introduction Part I: The Tools 2. The Theoretical Foundations of CBA 3. Stated Preference Approaches to Environmental Valuation 4. Revealed Preference Methods (1): The Travel Cost Model 5. Revealed Preference Methods (2): Hedonic Pricing 6. Valuing the Environment: Production Function Approaches 7. Discounting and the Discount Rate 8. CBA in Developing Countries: What’s Different? Part II: Case Studies 9. Valuing Ecosystem Services 10. Costs and Benefits of Water Quality Improvements 11. Valuing Habitat Protection 12. Cost–Benefit Analysis and Renewable Energy 13. The Strengths and Weaknesses of Environmental CBA Index
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