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Using Experimental Methods in Environmental and Resource Economics

Edited by John A. List, Kenneth C. Griffin Distinguished Service Professor of Economics and Chairman of the Economics Department, University of Chicago, US
This book explores frontier work at the intersection of experimental and environmental economics, with cutting edge research provided by premier scholars in the field.

The book begins by focusing on improving benefit–cost analysis, which remains the hallmark of public policy decision-making around the globe. The contributors provide innovative avenues to credibly lead to more efficient policies. T
Extent: 200 pp
Hardback Price: $127.00 Web: $114.30
Publication Date: 2007
ISBN: 978 1 84542 855 6
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  • Economics and Finance
  • Behavioural and Experimental Economics
  • Environmental Economics
  • Valuation
  • Environment
  • Environmental Economics
  • Research Methods in the Environment
  • Valuation
This book explores frontier work at the intersection of experimental and environmental economics, with cutting edge research provided by premier scholars in the field.

The book begins by focusing on improving benefit–cost analysis, which remains the hallmark of public policy decision-making around the globe. The contributors provide innovative avenues to credibly lead to more efficient policies. These insights should prove to be fundamental components of the valuation process. They then explore, in myriad clever ways, important aspects associated with optimal resource use and regulation of resources. Clearly these issues remain of utmost importance, both in a positive and normative sense, therefore the authors offer a good introduction to some of these issues and present logical solutions. A discussion of behavioural economics and non-market valuation is also provided.

Students and policymakers will find Using Experimental Methods in Environmental and Resource Economics of great interest.
‘John List and his collaborators have married experimental economics on the one hand with environmental and resource economics on the other. It’s a happy marriage, indeed, and scholars from either camp will benefit from a careful reading of these most interesting papers.’
– Paul R. Portney, University of Arizona, US

‘John List is a distinguished contributor to the use of laboratory and field experimental methods to better understand economic markets and resource problems generally. This is a fine and most welcome collection focusing on environmental and resource issues.’
– Vernon L. Smith, George Mason University, US
Contributors: W. Adamowicz, J.E. Alevy, I. Bateman, R.G. Cummings, A. Dinar, P.J. Ferraro, G.W. Harrison, J. Horowitz, R.E. Howitt, J.A. List, J.L. Lusk, E. Mastrangelo, A. Munro, J.J. Murphy, S.J. Rassenti, B. Rhodes, M. Rousu, V.L. Smith, C.V. Starmer, R. Sugden, D. van Soest, J. Vyrastekova
Contents:

Introduction

1. Anchoring and Yea-saying with Private Goods: An Experiment
Ian Bateman, Alistair Munro, Bruce Rhodes, Chris V. Starmer and Robert Sugden

2. Market Price Endogeneity and Accuracy of Value Elicitation Mechanisms
Jayson L. Lusk and Matthew Rousu

3. Hypothetical Bias Over Uncertain Outcomes
Glenn W. Harrison

4. The Use of a Real-Money Experiment in a Stated-Preference Survey
John Horowitz

5. Mechanisms for Addressing Third-Party Impacts Resulting From Voluntary Water Transfers
James J. Murphy, Ariel Dinar, Richard E. Howitt, Erin Mastrangelo, Stephen J. Rassenti and Vernon L. Smith

6. Peer Enforcement in CPR Experiments: The Relative Effectiveness of Sanctions and Transfer Rewards, and the Role of Behavioral Types
Daan van Soest and Jana Vyrastekova

7. Experimental Approaches to Understanding Inter-cultural Conflict Over Resources
Paul J. Ferraro and Ronald G. Cummings

8. Behavioural Economics and the Valuation of Non-marketed Goods and Services: The Lab, the Behavioral Anomalies and the Policymaker
Wiktor Adamowicz, Jonathan E. Alevy and John A. List

Index