Valuation Methods for the Environment

Peter Abelson
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Peter Abelson: Macquarie University

Chapter 4 in Project Appraisal and Valuation of the Environment, 1996, pp 57-87 from Palgrave Macmillan

Abstract: Abstract This chapter describes in more detail the main valuation methods for the environment, their strengths, weaknesses and applications. Sections 4.2 to 4.5 discuss market-based methods, that is valuations based on product and property markets, hedonic analysis and labour markets respectively. Sections 4.6 to 4.8 deal with other revealed preference valuation methods, namely travel costs, defensive expenditures, and inferences from political and judicial decisions. Sections 4.9 and 4.10 describe stated preference methods using contingent valuation, contingent ranking and constructed markets.

Keywords: House Price; Travel Cost; Contingent Valuation; Consumer Surplus; Demand Curve (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1057/9780230374744_4

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