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Valuation Methods for the Environment

In: Project Appraisal and Valuation of the Environment

Author

Listed:
  • Peter Abelson

    (Macquarie University)

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.

Suggested Citation

  • Peter Abelson, 1996. "Valuation Methods for the Environment," Palgrave Macmillan Books, in: Project Appraisal and Valuation of the Environment, chapter 4, pages 57-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37474-4_4
    DOI: 10.1057/9780230374744_4
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    Citations

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    Cited by:

    1. Chaudhry, Pradeep & Singh, Bilas & Tewari, Vindhya P., 2007. "Non-market economic valuation in developing countries: Role of participant observation method in CVM analysis," Journal of Forest Economics, Elsevier, vol. 13(4), pages 259-275, November.
    2. Juan de Dios Ortúzar & Luis A Cifuentes & Huw C W L Williams, 2000. "Application of Willingness-to-Pay Methods to Value Transport Externalities in Less Developed Countries," Environment and Planning A, , vol. 32(11), pages 2007-2018, November.
    3. Hearne, Robert R., 1996. "A Review of Economic Appraisal of Environmental Goods and Services: With a Focus on Developing Countries," Discussion Papers 24144, International Institute for Environment and Development, Environmental Economics Programme.

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