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Approaches To Measuring Public Goods Demands

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  • Freeman, Myrick A.III

Abstract

Although some public finance textbooks still teach that public goods demands cannot be measured,1 substantial progress has been made in developing and implementing techniques for measuring one form of public good--the benefits of improving environmental quality. This paper presents a brief review of the three major approaches to estimation of demands and benefits and a somewhat more detailed discussion of those techniques which are based market interactions between public and private goods. The analysis is limited to those public goods which are arguments in individual utility functions. Public goods which are inputs in production processes for marketed goods, for example, air quality in agricultural. production, affect cost, supply, and factor demand functions and through them affect one or more of the following: output prices, factor prices, and profits (quasi-rents). The benefits of increases In public goods supply can be measured in a conceptually straightforward manner from observable market data. See Freeman (1979a) for an elaboration.

Suggested Citation

  • Freeman, Myrick A.III, 1979. "Approaches To Measuring Public Goods Demands," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 277832, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea79:277832
    DOI: 10.22004/ag.econ.277832
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    References listed on IDEAS

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    1. Bohm, Peter, 1972. "Estimating demand for public goods: An experiment," European Economic Review, Elsevier, vol. 3(2), pages 111-130.
    2. Bergstrom, Theodore C & Goodman, Robert P, 1973. "Private Demands for Public Goods," American Economic Review, American Economic Association, vol. 63(3), pages 280-296, June.
    3. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    4. Brookshire, David S. & Ives, Berry C. & Schulze, William D., 1976. "The valuation of aesthetic preferences," Journal of Environmental Economics and Management, Elsevier, vol. 3(4), pages 325-346, December.
    5. Peter Bohm, 1972. "Estimating the demand for public goods: An experiment," Framed Field Experiments 00126, The Field Experiments Website.
    6. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    7. Anderson, Robert J, Jr & Crocker, Thomas D, 1972. "Air Pollution and Property Values: A Reply," The Review of Economics and Statistics, MIT Press, vol. 54(4), pages 470-473, November.
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    Cited by:

    1. Tisdell, Clement A., 2003. "Influences of Knowledge of Wildlife Species on Patterns of Willingness to pay for their Conservation," Economics, Ecology and Environment Working Papers 48972, University of Queensland, School of Economics.
    2. Randall, Alan, 1982. "Economic Surplus Concepts and Their Use in Benefit Cost Analysis," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(02), pages 1-29, August.
    3. Spash, Clive L., 2002. "Informing and forming preferences in environmental valuation: Coral reef biodiversity," Journal of Economic Psychology, Elsevier, vol. 23(5), pages 665-687, October.
    4. Brugnaro, Caetano, 2010. "Valuing Riparian Forests Restoration: a CVM Application in Corumbatai River Basin," Brazilian Journal of Rural Economy and Sociology (Revista de Economia e Sociologia Rural-RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 48(3), pages 1-14.
    5. Lynch, Richard J. & Weber, Jeffrey A., 1992. "Valuing Water of the Ashburton River: In-Stream Flows Versus Irrigation," 1992 Conference (36th), February 10-13, 1992, Canberra, Australia 146539, Australian Agricultural and Resource Economics Society.
    6. Bergstrom, John C. & Stoll, John R., 1987. "A Test Of Contingent Market Bid Elicitation Procedures For Piecewise Valuation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(2), pages 1-5, December.
    7. Halstead, John M., 1984. "Measuring the Nonmarket Value of Massachusetts Agricultural Land: A Case Study," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-8, April.
    8. Halstead, John M., 1984. "Measuring the Nonmarket Value of Massachusetts Agricultural Land: A Case Study," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 13(1), pages 1-8, April.
    9. Bergstrom, John C. & Stoll, John R., 1985. "Cognitive Decision Processes, Information, and Contingent Valuation," 1985 Annual Meeting, August 4-7, Ames, Iowa 278589, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Orgill-Meyer, Jennifer & Jeuland, Marc & Albert, Jeff & Cutler, Nathan, 2018. "Comparing Contingent Valuation and Averting Expenditure Estimates of the Costs of Irregular Water Supply," Ecological Economics, Elsevier, vol. 146(C), pages 250-264.

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    Environmental Economics and Policy;

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