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The International Handbook on Non-Market Environmental Valuation

Edited by Jeff Bennett, Professor of Environmental Management, Crawford School of Economics and Government, The Australian National University, Canberra, Australia
Non-market environmental valuation (NMEV) is undergoing a period of increased growth in both application and development as a result of increasing recognition of the role of economics in environmental policy issues. Against this backdrop, The International Handbook on Non-Market Environmental Valuation brings together world leaders in the field to advance the development and application of NMEV as a tool for policy-making.
Extent: 416 pp
Hardback Price: $239.00 Web: $215.10
Publication Date: 2011
ISBN: 978 1 84844 425 6
Availability: In Stock
Paperback Price: $54.00 Web: $43.20
Publication Date: 2013
ISBN: 978 0 85793 117 7
Availability: In Stock
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  • Economics and Finance
  • Environmental Economics
  • Valuation
  • Environment
  • Environmental Economics
  • Valuation
Non-market environmental valuation (NMEV) is undergoing a period of increased growth in both application and development as a result of increasing recognition of the role of economics in environmental policy issues. Against this backdrop, The International Handbook on Non-Market Environmental Valuation brings together world leaders in the field to advance the development and application of NMEV as a tool for policy-making.

The expert contributors provide insights into the state of the art across the spectrum of both revealed and stated preference methods and highlight new directions being taken. A sequence of topical applications demonstrate various techniques and illustrate what can be achieved using NMEV: deliberately diverse case studies are drawn from Europe, North America, Asia and Australia with valuation targets ranging across use and non-use values of the environment. A number of reviews of cutting-edge issues are also presented.

This outstanding resource will enable those interested in environmental valuation from theoretical, practical or policy perspectives to bring themselves to the forefront of developments and practice. As such, this Handbook will prove invaluable to a wide-ranging audience encompassing academics, researchers, students, practitioners and consultants involved in environmental economics and NMEV.
‘The International Handbook on Non-Market Environmental Valuation consists of a series of essays within chapters about the development and application of non-market environmental valuation on the international level due to the role of economics in environmental policy issues, written by experts in the field, primarily faculty from universities throughout the world. . . It offers a unique perspective on the study of non-market environmental valuation and a basis for further study of specific countries and/or specific issues.’
– Lucy Heckman, American Reference Books Annual 2012

‘The International Handbook on Non-Market Environmental Valuation provides a valuable summation of the current landscape of nonmarket environmental valuation (NMEV). The contributors provide empirical case studies of a range of techniques as well as some of the most up-to-date discussions of solutions to some of the key theoretical and methodological issues facing the area. . . the Handbook provides a detailed and thorough survey of the landscape of NMEV, from interesting and accessible case studies to in-depth discussions of its theoretical underpinning. The aim of appealing to policymakers and academia alike is a challenge that many similar publications attempt, but this is often fraught with difficulties. The Handbook makes a good attempt at meeting this challenge. . . likely to provide a valuable resource to dip in and out of as required – and is worth having on the shelf!’
– Tim Laing, Environment and Planning C
Contributors: S. Bain, I.J. Bateman, J. Bennett, E.Y. Besedin, M.C.J. Bliemer, R. Brouwer, R.T. Carson, J. Champ, J. Cheesman, S. Colombo, J. Downing, J. Englin, S. Garcia, M. Giergiczny, A. González-Cabán, T. Groves, N. Hanley, J.A. Herriges, S. Hess, T. Holmes, Y. Jeon, R.J. Johnston, H.A. Klaiber, C.L. Kling, Y. Liu, J. Loomis, P.-A. Mahieu, K.E. McConnell, S. Navrud, A. Pang, G.L. Poe, P. Riera, J. Rolfe, J.M. Rose, E.T. Schultz, K. Segerson, V.K. Smith, J. Strand, P.J. Thomassin, D. Tinch, P. van Beukering, C.A. Vossler, X. Wang
Contents:

1. The Rise and Rise of Non-market Environmental Valuation
Jeff Bennett

2. Using Hedonic Pricing for Estimating Compensation Payments for Noise and Other Externalities from New Roads
Ståle Navrud and Jon Strand

3. A Hedonic Price Model of Coral Reef Quality in Hawaii
Roy Brouwer, Sebastiaan Hess, Yi Liu, Pieter van Beukering and Sonia Garcia

4. Applying the Travel Cost Method to Minorca Beaches: Some Policy Results
Pere Riera, Kenneth E. McConnell, Marek Giergiczny and Pierre-Alexandre Mahieu

5. The Role of Water Quality Perceptions in Modelling Lake Recreation Demand
Yongsik Jeon, Joseph A. Herriges, Catherine L. Kling and John Downing

6. Testing the Robustness of Contingent Valuation Estimates of WTP to Survey Mode and Treatment of Protest Responses
John Loomis, Armando González-Cabán and Joseph Champ

7. Consequentiality and Contingent Values: An Emerging Paradigm
Gregory L. Poe and Christian A. Vossler

8. Decision versus Experiences Utility: An Investigation Using the Choice Experiment Method
Dugald Tinch, Sergio Colombo and Nick Hanley

9. Bioindicator-based Stated Preference Valuation for Aquatic Habitat and Ecosystem Service Restoration
Robert J. Johnston, Eric T. Schultz, Kathleen Segerson and Elena Y. Besedin

10. Efficiency versus Bias: The Role of Distributional Parameters in Count Contingent Behaviour Models
Jeffrey Englin, Arwin Pang and Thomas Holmes

11. Estimation of Household Water Demand with Merged Revealed and Stated Preference Data
Jeremy Cheesman and Jeff Bennett

12. Preference Heterogeneity and Non-market Benefits: The Roles of Structural Hedonic and Sorting Models
H. Allen Klaiber and V. Kerry Smith

13. Dealing with Scale and Scope Issues in Stated Preference Experiments
John Rolfe and Xuehong Wang

14. Experimental Design Strategies for Stated Preference Studies Dealing with Non-market Goods
John M. Rose, Stuart Bain and Michiel C.J. Bliemer

15. Incentive and Information Properties of Preference Questions: Commentary and Extensions
Richard T. Carson and Theodore Groves

16. Valid Value Estimates and Value Estimate Validation: Better Methods and Better Testing for Stated Preference Research
Ian J. Bateman

17. Evaluating Benefit Transfer for Canadian Water Quality Improvements Using US/Canada Metadata: An Application of International Meta-analysis
Paul J. Thomassin and Robert J. Johnston

Index