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Valuing Environmental Quality Changes when Quality is a Weak Complement to a Set of Goods

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  • Kling, Catherine L.
  • Bockstael, Nancy

Abstract

In practice, it is frequently impossible to identify a single good which is a weak complement to an environmental amenity for which welfare measures are desired. However, a set of goods exhibiting this property sometimes exists, e.g., water-related recreational activities when the nonmarket good to be valued is water quality. A set of weak complements is defined and implications for welfare measurement presented. The proper welfare measure now involves evaluation of a line integral and simple additions of areas under demand curves will not always be correct. However, under certain econometric circumstances, approximate welfare measures can be obtained from estimated functions.

Suggested Citation

  • Kling, Catherine L. & Bockstael, Nancy, 1988. "Valuing Environmental Quality Changes when Quality is a Weak Complement to a Set of Goods," Staff General Research Papers Archive 1586, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:1586
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    Cited by:

    1. Larson, Douglas M. & Piennar, Elizabeth, 2004. "Time, Weak Complementarity, and Nonuse Value," 2004 Annual meeting, August 1-4, Denver, CO 271500, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Alain Carpentier & Dominique Vermersch, 1997. "Measuring willingness to pay for drinking water quality using the econometrics of equivalence scales [Mesure du consentement à payer pour une qualité d'eau potable au moyen de la méthode économétri," Post-Print hal-02841037, HAL.
    3. Richard C. Bishop & Kevin J. Boyle, 2019. "Reliability and Validity in Nonmarket Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(2), pages 559-582, February.
    4. Larson, Douglas M., 1992. "Can Nonuse Value Be Measured from Observable Behavior?," 1992 Annual Meeting, August 9-12, Baltimore, Maryland 271377, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Bockstael, Nancy E. & Freeman III, A. Myrick, 2006. "Welfare Theory and Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 12, pages 517-570, Elsevier.
    6. Cooper, Joseph C., 1995. "The Application of Nonmarket Valuation Techniques to Agricultural Issues," Staff Reports 333359, United States Department of Agriculture, Economic Research Service.
    7. Larson, Douglas M., 1990. "Measuring Willingness to Pay for Nonmarket Goods," 1990 Annual meeting, August 5-8, Vancouver, Canada 270872, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Smith, V. Kerry, 2000. "JEEM and Non-market Valuation: 1974-1998," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 351-374, May.

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