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What's it worth? An examination of historical trends and future directions in environmental valuation

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  • Wiktor L. Adamowicz

Abstract

The present paper reviews activity in environmental valuation by examining trends in publication rates over the past three decades. It also provides an overview of the demand for environmental valuation by academic markets and by policy markets. The results of this historical analysis suggest that there is not as much use of environmental valuation in policy analysis as could be expected given the academic efforts on this topic. The paper also provides an overview of the future directions that environmental valuation research is likely to take given current research efforts. Copyright Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Ltd 2004.

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Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural & Resource Economics.

Volume (Year): 48 (2004)
Issue (Month): 3 (09)
Pages: 419-443

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Handle: RePEc:bla:ajarec:v:48:y:2004:i:3:p:419-443

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  1. Zhao, Jinhua & Kling, Catherine L., 2004. "Willingness-To-Pay, Compensating Variation, and the Cost of Commitment," Staff General Research Papers, Iowa State University, Department of Economics 1875, Iowa State University, Department of Economics.
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  12. Adamowicz W. & Louviere J. & Williams M., 1994. "Combining Revealed and Stated Preference Methods for Valuing Environmental Amenities," Journal of Environmental Economics and Management, Elsevier, vol. 26(3), pages 271-292, May.
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Cited by:
  1. Choi, Andy Sungnok & Bennett, Jeff, 2006. "A Critique of Conventional Non-market Valuation: Attitudes and Action," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia, Australian Agricultural and Resource Economics Society 174461, Australian Agricultural and Resource Economics Society.
  2. Mike Young, 1999. "Costing Dust: How much does wind erosion cost the people of South Australia?," Natural Resource Management Economics, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia 99_001, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
  3. McComb, Greg & Lantz, Van & Nash, Katrina & Rittmaster, Robyn, 2006. "International valuation databases: Overview, methods and operational issues," Ecological Economics, Elsevier, Elsevier, vol. 60(2), pages 461-472, December.
  4. Cook, David & Proctor, Wendy, 2007. "Assessing the threat of exotic plant pests," Ecological Economics, Elsevier, Elsevier, vol. 63(2-3), pages 594-604, August.
  5. Tisdell, Clement A. & Wilson, Clevo & Swarna Nantha, Hemanath, 2005. "Dynamic Processes in the Contingent Valuation of an Endangered Mammal Species," Economics, Ecology and Environment Working Papers, University of Queensland, School of Economics 55064, University of Queensland, School of Economics.
  6. Ubilava, David & Foster, Kenneth A. & Lusk, Jayson L. & Nilsson, Tomas K.H., 2008. "Differences In U.S. Consumer Preferences For Certified Pork Chops When Facing Branded Vs. Non-Branded Choices," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 6194, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  7. Michael Keane & Nada Wasi, 2013. "Comparing Alternative Models Of Heterogeneity In Consumer Choice Behavior," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 28(6), pages 1018-1045, 09.
  8. Angel Bujosa & Antoni Riera & Robert Hicks, 2010. "Combining Discrete and Continuous Representations of Preference Heterogeneity: A Latent Class Approach," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 47(4), pages 477-493, December.
  9. Hajkowicz, Stefan, 2006. "Taking a closer look at multiple criteria analysis and economic evaluation," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia, Australian Agricultural and Resource Economics Society 139785, Australian Agricultural and Resource Economics Society.
  10. Day, Brett & Bateman, Ian J. & Carson, Richard T. & Dupont, Diane & Louviere, Jordan J. & Morimoto, Sanae & Scarpa, Riccardo & Wang, Paul, 2012. "Ordering effects and choice set awareness in repeat-response stated preference studies," Journal of Environmental Economics and Management, Elsevier, vol. 63(1), pages 73-91.
  11. Darla Hatton MacDonald, 2005. "The Value of Habitat and Agriculture," Natural Resource Management Economics, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia 05_001, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
  12. Brett Day & Jose Luis Pinto Prades, 2008. "Sequencing Anomalies in Choice Experiments," Working Papers 08.10, Universidad Pablo de Olavide, Department of Economics.
  13. Rogers, A. & Kragt, M.E. & Gibson, F. & Pannell, D. & Burton, M. & Petersen, L., 2013. "Is non-market valuation used in environmental policy making?," Working Papers, University of Western Australia, School of Agricultural and Resource Economics 156197, University of Western Australia, School of Agricultural and Resource Economics.
  14. Pannell, David J. & Roberts, Anna M. & Park, Geoff & Alexander, Jennifer, 2013. "Improving environmental decisions: A transaction-costs story," Ecological Economics, Elsevier, Elsevier, vol. 88(C), pages 244-252.
  15. David C. Cook & Rob W. Fraser & Jeffrey K. Waage & Matthew B. Thomas, 2009. "Prioritising Biosecurity Investment between Protecting Agricultural and Environmental Systems," Studies in Economics, Department of Economics, University of Kent 0908, Department of Economics, University of Kent.
  16. Day, Brett & Pinto Prades, Jose-Luis, 2010. "Ordering anomalies in choice experiments," Journal of Environmental Economics and Management, Elsevier, vol. 59(3), pages 271-285, May.
  17. Cook, David C. & Lonsdale, Mark, 2006. "A strategic protection approach to biosecurity: Policy implications of an ‘immune system’ model for addressing the risks and consequences of invasive species," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia, Australian Agricultural and Resource Economics Society 174469, Australian Agricultural and Resource Economics Society.
  18. McCartney, Abbie, 2009. "The Policy Relevance of Choice Modelling: An Application to the Ningaloo and Proposed Capes Marine Parks," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia, Australian Agricultural and Resource Economics Society 48033, Australian Agricultural and Resource Economics Society.
  19. Tisdell, Clem & Wilson, Clevo & Swarna Nantha, Hemanath, 2008. "Contingent valuation as a dynamic process," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 37(4), pages 1443-1458, August.
  20. Hajkowicz, Stefan, 2007. "Allocating scarce financial resources across regions for environmental management in Queensland, Australia," Ecological Economics, Elsevier, Elsevier, vol. 61(2-3), pages 208-216, March.
  21. Dipika Sur & Joseph Cook & Susmita Chatterjee & Jacqueline Deen & Dale Whittington, 2007. "Increasing the transparency of stated choice studies for policy analysis: Designing experiments to produce raw response graphs," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 26(1), pages 189-199.

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