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A Modest Proposal For The Extension Of Nonmarket Valuation Methods

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  • Andrew G. Keeler

Abstract

type="main" xml:id="ecin12217-abs-0001"> Welfare economics must adapt to the growing consensus over the assignment of rights to animals. We extend nonmarket valuation techniques to the study and measurement of the preferences of Chinook salmon regarding their aquatic habitat and the value of their existence. We find that these techniques are as valid for fish as they are for humans. Our applied study indicates that opportunities exist for Pareto-improving trades between salmon and California agricultural and hydropower interests. (JEL Q510)

Suggested Citation

  • Andrew G. Keeler, 2016. "A Modest Proposal For The Extension Of Nonmarket Valuation Methods," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 719-724, January.
    • Handle: RePEc:bla:ecinqu:v:54:y:2016:i:1:p:719-724
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    File URL: http://hdl.handle.net/10.1111/ecin.2016.54.issue-1
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    References listed on IDEAS

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    1. Battalio, Raymond C & Green, Leonard & Kagel, John H, 1981. "Income-Leisure Tradeoffs of Animal Workers," American Economic Review, American Economic Association, vol. 71(4), pages 621-632, September.
    2. Johansson,Per-Olov, 1987. "The Economic Theory and Measurement of Environmental Benefits," Cambridge Books, Cambridge University Press, number 9780521348102.
    3. Fisher, Anthony C. & Michael Hanemann, W. & Keeler, Andrew G., 1991. "Integrating Fishery and water resource management: A biological model of a California salmon fishery," Journal of Environmental Economics and Management, Elsevier, vol. 20(3), pages 234-261, May.
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    1. Dusel, Sara & von Keyserlingk, Marina A. G. & Wieck, Christine, 2026. "Non-anthropocentric cost-benefit analysis based on animals’ willingness to pay," Working Papers 402760, Universitaet Hohenheim, Institute of Agricultural Policy and Agricultural Markets.
    2. Dusel, Sara & Wieck, Christine, 2024. "Animal Welfare In Non-Anthropocentric Cost-Benefit Analysis And Social Welfare Functions: A Critical Review To Guide Practical Application," Working Papers 347466, Universitaet Hohenheim, Institute of Agricultural Policy and Agricultural Markets.

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