This manual offers a detailed, up-to-date explanation of how to carry out economic valuation using stated preference techniques. It is relevant for the application of these techniques to all non-market goods and services including air and water quality; provision of public open space; health care that is not sold through private markets; risk reduction policies and investments not provided privately; provision of information as with the recorded heritage, the protection of cultural assets and so on. The resulting valuations can be used for a number of purposes including, but not limited to, demonstrating the importance of a good or service; cost-benefit analysis; setting priorities for environmental policy; design of economic instruments; green national/corporate accounting, and natural resource damage assessment.

Compiled by the leading experts in the field, this manual starts by explaining the concepts. It shows how to choose the most appropriate technique and how to design the questionnaires. Detailed advice on econometric analysis is provided, as well as explanation of the pitfalls that need to be avoided.

About the Author
Ian J. Bateman, Richard T. Carson, Brett Day, Michael Hanemann, Nick Hanley, Tannis Hett, Michael Jones-Lee, Graham Loomes, Susana Mourato, Ece OEzdemiroglu, David Pearce, Robert Sugden and John Swanson

Reviews
'Adherence to the principles and wisdom set out in this book will contribute significantly to the rational valuation of non-market benefits and costs.' -- Ken Willis, Journal of Environmental Planning and Management



Book Information
ISBN 9781843768524
Author Ian J. Bateman
Format Paperback
Page Count 480
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd