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Environmental Valuation – To Use or Not to Use? A Comparative Study of the United States and Europe

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  • STÅLE Navrud
  • GERALD Pruckner

Abstract

Valuation methods have been used for five main purposes in environmental decision-making. Cost–benefit analysis (CBA) of projects, CBA of new regulations, natural resource damage assessment, environmental costing, and environmental accounting. The relatively lower importance attached to economic efficiency in environmental decision-making in most European countries compared to the U.S.A., both legally and in practice, might account for our general finding that there are very few valuation studies in Europe which have served as a decisive basis for environmental policy and regulations. However, with EU's goal to establish environmentally adjusted national accounts and to apply CBA to environmental policy and regulations, time seems ripe for an increased use of valuation techniques in Europe. Copyright Kluwer Academic Publishers 1997

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  • STÅLE Navrud & GERALD Pruckner, 1997. "Environmental Valuation – To Use or Not to Use? A Comparative Study of the United States and Europe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 10(1), pages 1-26, July.
    • Handle: RePEc:kap:enreec:v:10:y:1997:i:1:p:1-26
    DOI: 10.1023/A:1026449715284
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    5. Xander Olsthoorn & Markus Amann & Alena Bartonova & Jocelyne Clench-Aas & Janusz Cofala & Kees Dorland & Cristina Guerreiro & Jan Henriksen & Huib Jansen & Steinar Larssen, 1999. "Cost Benefit Analysis of European Air Quality Targets for Sulphur Dioxide, Nitrogen Dioxide and Fine and Suspended Particulate Matter in Cities," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(3), pages 333-351, October.
    6. Adamowicz, Wiktor L., 2004. "What's it worth? An examination of historical trends and future directions in environmental valuation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(3), pages 1-25.
    7. Hermine Vedogbeton & Robert J. Johnston, 2020. "Commodity Consistent Meta-Analysis of Wetland Values: An Illustration for Coastal Marsh Habitat," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(4), pages 835-865, April.
    8. Marjainé, Szerényi Zsuzsanna, 2001. "A természeti erőforrások pénzbeli értékelése [Monetary valuation of natural resources]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 114-129.
    9. Nthambi, Mary & Wätzold, Frank & Markova-Nenova, Nonka, 2018. "Quantifying benefit losses from poor governance of climate change adaptation projects: A discrete choice experiment with farmers in Kenya," MPRA Paper 94678, University Library of Munich, Germany.
    10. Robert J. Johnston & Randall S. Rosenberger, 2010. "Methods, Trends And Controversies In Contemporary Benefit Transfer," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 479-510, July.
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    13. Julien Milanesi, 2011. "Une histoire de la méthode d'évaluation contingente," Post-Print hal-01531153, HAL.
    14. Richard Yao & Pamela Kaval, 2008. "Valuing Biodiversity Enhancement in New Zealand," Working Papers in Economics 08/07, University of Waikato.
    15. Arfini, Filippo, 1999. "The value of typical products : the case of Prosciutto di Parma and Parmigiano Reggiano cheese," 67th Seminar, October 28-30, 1999, LeMans, France 241032, European Association of Agricultural Economists.
    16. Londoño, Luz M. & Johnston, Robert J., 2012. "Enhancing the reliability of benefit transfer over heterogeneous sites: A meta-analysis of international coral reef values," Ecological Economics, Elsevier, vol. 78(C), pages 80-89.
    17. Robert J. Johnston & Kevin J. Boyle & Maria L. Loureiro & Ståle Navrud & John Rolfe, 2021. "Guidance to Enhance the Validity and Credibility of Environmental Benefit Transfers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 575-624, July.
    18. Franz Hackl & Gerald J. Pruckner, 2000. "Braucht die Deutsche Umweltpolitik einen Exxon Valdez Tankerunfall?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(1), pages 92-114, February.
    19. Börger, Tobias & Beaumont, Nicola J. & Pendleton, Linwood & Boyle, Kevin J. & Cooper, Philip & Fletcher, Stephen & Haab, Tim & Hanemann, Michael & Hooper, Tara L. & Hussain, S. Salman & Portela, Rosim, 2014. "Incorporating ecosystem services in marine planning: The role of valuation," Marine Policy, Elsevier, vol. 46(C), pages 161-170.
    20. Vondolia, Godwin K. & Navrud, Ståle, 2019. "Are non-monetary payment modes more uncertain for stated preference elicitation in developing countries?," Journal of choice modelling, Elsevier, vol. 30(C), pages 73-87.
    21. Michael Ahlheim & Ulrike Lehr, 2002. "Nutzentransfer: Das Sparmodell der Umweltbewertung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 3(1), pages 85-104, February.

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