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The economic valuation of non-market goods is crucial in environmental economics, addressing market failures and informing sustainable resource policies, while also serving as a key input for cost-benefit analyses. However, empirical valuation methods have seen limited application in the German-speaking regions. This compilation presents the current state of non-market valuation in Germany, Austria, and Switzerland through twelve articles focusing on stated preference methods, which utilize surveys to assess non-market goods and services. The contributions are organized into sections: “Contingent Valuation,” “Choice Experiments,” “Comparative Studies,” and “Benefit Transfer.” The book aims to equip policymakers with insights on applying valuation methods while also highlighting the strengths and weaknesses of these approaches. Additionally, it addresses methodological challenges and innovative solutions for researchers. Key topics include estimating willingness to pay using discrete choice models, biases in contingent valuation, scenario appropriateness for hydropower valuation, and the use of choice ranking methods for valuing farm animal genetic resources. The collection also explores participant behavior in contingent valuation, the application of grounded theory in developing choice experiments, and the principles of Bayesian benefit transfer.
Acquisto del libro
Stated preference methods for environmental valuation, Jürgen Meyerhoff
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- Pubblicato
- 2007
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