IDEAS home Printed from https://ideas.repec.org/p/ags/ualbsp/232438.html
   My bibliography  Save this paper

Nonmarket Valuation under Uncertainty

Author

Listed:
  • Asafu-Adjaye, John
  • Adamowicz, Wiktor
  • Phillips, William

Abstract

No abstract is available for this item.

Suggested Citation

  • Asafu-Adjaye, John & Adamowicz, Wiktor & Phillips, William, 1989. "Nonmarket Valuation under Uncertainty," Staff Paper Series 232438, University of Alberta, Department of Resource Economics and Environmental Sociology.
    • Handle: RePEc:ags:ualbsp:232438
    DOI: 10.22004/ag.econ.232438
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/232438/files/ualberta-staffpapers-89-15.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.232438?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Plummer, Mark L & Hartman, Richard C, 1986. "Option Value: A General Approach," Economic Inquiry, Western Economic Association International, vol. 24(3), pages 455-471, July.
    2. David E. Bell, 1982. "Regret in Decision Making under Uncertainty," Operations Research, INFORMS, vol. 30(5), pages 961-981, October.
    3. Charles J. Cicchetti & A. Myrick Freeman III, 1971. "Option Demand and Consumer Surplus: Further Comment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(3), pages 528-539.
    4. Mendelsohn, Robert & Strang, William J, 1984. "Cost-Benefit Analysis under Uncertainty: Comment," American Economic Review, American Economic Association, vol. 74(5), pages 1096-1099, December.
    5. Millard F. Long, 1967. "Collective-Consumption Services of Individual-Consumption Goods: Comment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 81(2), pages 351-352.
    6. Akerlof, George A & Dickens, William T, 1982. "The Economic Consequences of Cognitive Dissonance," American Economic Review, American Economic Association, vol. 72(3), pages 307-319, June.
    7. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    8. McConnell, Kenneth E., 1985. "The economics of outdoor recreation," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 15, pages 677-722, Elsevier.
    9. Claude Henry, 1974. "Option Values in the Economics of Irreplaceable Assets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(5), pages 89-104.
    10. Richard C. Bishop, 1982. "Option Value: An Exposition and Extension," Land Economics, University of Wisconsin Press, vol. 58(1), pages 1-15.
    11. Anderson, Robert Jr., 1981. "A note on option value and the expected value of consumer's surplus," Journal of Environmental Economics and Management, Elsevier, vol. 8(2), pages 187-191, June.
    12. Schmalensee, Richard, 1972. "Option Demand and Consumer's Surplus: Valuing Price Changes under Uncertainty," American Economic Review, American Economic Association, vol. 62(5), pages 813-824, December.
    13. Loomes, Graham & Sugden, Robert, 1982. "Regret Theory: An Alternative Theory of Rational Choice under Uncertainty," Economic Journal, Royal Economic Society, vol. 92(368), pages 805-824, December.
    14. Graham, Daniel A, 1981. "Cost-Benefit Analysis under Uncertainty," American Economic Review, American Economic Association, vol. 71(4), pages 715-725, September.
    15. Philip J. Cook & Daniel A. Graham, 1977. "The Demand for Insurance and Protection: The Case of Irreplaceable Commodities," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 91(1), pages 143-156.
    16. Arrow, Kenneth J, 1982. "Risk Perception in Psychology and Economics," Economic Inquiry, Western Economic Association International, vol. 20(1), pages 1-9, January.
    17. V. Kerry Smith & William H. Desvousges, 1988. "Risk Perception, Learning, and Individual Behavior," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(5), pages 1113-1117.
    18. Cotton M. Lindsay, 1969. "Option Demand and Consumer's Surplus," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(2), pages 344-346.
    19. A. Myrick Freeman III, 1985. "Supply Uncertainty, Option Price, and Option Value," Land Economics, University of Wisconsin Press, vol. 62(2), pages 176-181.
    20. A. Myrick Freeman III, 1984. "The Sign and Size of Option Value," Land Economics, University of Wisconsin Press, vol. 60(1), pages 1-13.
    21. Bohm, Peter, 1975. "Option Demand and Consumer's Surplus: Comment," American Economic Review, American Economic Association, vol. 65(4), pages 733-736, September.
    22. Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 88(2), pages 312-319.
    23. Dennis C. Cory & Bonnie Colby Saliba, 1987. "Requiem for Option Value," Land Economics, University of Wisconsin Press, vol. 63(1), pages 1-10.
    24. Heiner, Ronald A, 1983. "The Origin of Predictable Behavior," American Economic Review, American Economic Association, vol. 73(4), pages 560-595, September.
    25. David S. Brookshire & Larry S. Eubanks & Alan Randall, 1983. "Estimating Option Prices and Existence Values for Wildlife Resources," Land Economics, University of Wisconsin Press, vol. 59(1), pages 1-15.
    26. Burton A. Weisbrod, 1964. "Collective-Consumption Services of Individual-Consumption Goods," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 78(3), pages 471-477.
    27. Elizabeth A. Wilman, 1987. "A Note on Supply Side Option Value," Land Economics, University of Wisconsin Press, vol. 63(3), pages 284-289.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Graham-Tomasi, Theodore & Myers, Robert J., 1989. "On Supply Side Option Value," Staff Papers 13341, University of Minnesota, Department of Applied Economics.
    2. Aric P. Shafran, 2014. "Equivalent Option Price With Supply Uncertainty," Bulletin of Economic Research, Wiley Blackwell, vol. 66(S1), pages 1-16, December.
    3. Coggins, Jay S. & Ramezani, Cyrus A., 1998. "An Arbitrage-Free Approach to Quasi-Option Value," Journal of Environmental Economics and Management, Elsevier, vol. 35(2), pages 103-125, March.
    4. Coggins, Jay S. & Ramezani, Cyrus A., 1996. "AN ARBITRAGE-FREE APPROACH TO QUASI-OPTION VALUE; Proceedings of the Fifth Joint Conference on Agriculture, Food, and the Environment, June 17-18, 1996, Padova, Italy," Working Papers 14469, University of Minnesota, Center for International Food and Agricultural Policy.
    5. Gérard Mondello, 2012. "Ambiguity, Agency Relationships and Adverse Selection," GREDEG Working Papers 2012-06, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    6. Hanemann, W. Michael, 1984. "On reconciling different concepts of option value," CUDARE Working Papers 6279, University of California, Berkeley, Department of Agricultural and Resource Economics.
    7. Agricultural Economics Department, 1989. "Public Choices and Private Risks: The Role of Economic Analysis," 1989 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, April 9-12, 1989, Sanibel Island, Florida 271521, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    8. David A. Graham, 1977. "Cost-Benefit Analysis Under Uncertainty," NBER Working Papers 0194, National Bureau of Economic Research, Inc.
    9. Chichilnisky, Graciela, 1998. "The economics of global environmental risk," MPRA Paper 8812, University Library of Munich, Germany.
    10. Boyle, Kevin J. & Bishop, Richard C., 1985. "The Total Value Of Wildlife: A Case Study Involving Endangered Species," 1985 Annual Meeting, August 4-7, Ames, Iowa 278711, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. De Silva, Nirodha & Williams, Ryan, 2015. "Assessing The Option Value Of The Ogallala Aquifer In Texas High Plains: A Contingent Valuation Approach," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196921, Southern Agricultural Economics Association.
    12. Hanemann, W. Michael, 1989. "Information and the concept of option value," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 23-37, January.
    13. Chichilnisky, Graciela & Beltratti, Andrea & Heal, Geoffrey, 1998. "Uncertain future preferences and conservation," MPRA Paper 7912, University Library of Munich, Germany.
    14. Segarra, Eduardo & Taylor, Daniel B., 1985. "Option Value of Soil, An Irreplaceable Asset From The Social Point of View," 1985 Annual Meeting, August 4-7, Ames, Iowa 278547, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Ronald Cummings & Glenn Harrison, 1995. "The measurement and decomposition of nonuse values: A critical review," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(3), pages 225-247, April.
    16. Catherine Kling, 1993. "An assessment of the empirical magnitude of option values for environment goods," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(5), pages 471-485, October.
    17. Fisher, Anthony & Hanemann, W., 1986. "Information and the Dynamics of Environmental Protection: The Concept of the Critical Period," CUDARE Working Papers 198351, University of California, Berkeley, Department of Agricultural and Resource Economics.
    18. Sun, Henglun & Bergstrom, John C. & Dorfman, Jeffrey H., 1992. "Estimating the Benefits of Groundwater Contamination Control," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(2), pages 63-71, December.
    19. Fisher, Anthony C & Peterson, Frederick M, 1976. "The Environment in Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 14(1), pages 1-33, March.
    20. Kirby, Michael G. & Blyth, Michael J., 1987. "Economic Aspects Of Land Degradation In Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(2), pages 1-21, August.

    More about this item

    Keywords

    Research Methods/ Statistical Methods;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ualbsp:232438. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/drualca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.