Valuing Environmental Goods: An Assessment of the Contingent Valuation Method

| 3e8cd9767dd394ffa0ec9dea4f8c46d6 Preference Data for Environmental ValuationMultifunctional Land UseValuing the Environment: Methodological and Measurement IssuesValuing Environmental GoodsEnvironmental Resource ValuationEconomics of Coastal and Water Resources: Valuing Environmental FunctionsValuing Ground WaterCost-Benefit Analysis and the Environment Further Developments and Policy UseEnvironmental Life Cycle Assessment of Goods and ServicesRedesigning Environmental ValuationPerspectives on BiodiversityMeasuring Nonuse Damages Using Contingent ValuationThe Stated Preference Approach to Environmental Valuation, Volumes I, II and IIIApproaches for Ecosystem Services Valuation for the Gulf of Mexico After the Deepwater Horizon Oil SpillA Primer on Nonmarket ValuationCost-Benefit Analysis and Public PolicyThe Economics and Management of Water and Drainage in AgricultureEnvironmental ValuationDetermining the Value of Non-Marketed GoodsThe Application of Economic Techniques in Environmental Impact AssessmentMonetary Valuation of Environmental ImpactsCost-Benefit Analysis and the Environment Recent DevelopmentsIntroduction to Environmental EconomicsValuing Rural AmenitiesUsing Surveys to Value Public GoodsContingent Valuation of Environmental GoodsEconomics of Coastal and Water Resources: Valuing Environmental FunctionsValuing Environmental and Natural ResourcesValuing Environmental PreferencesHandbook of Choice ModellingHandbook of Environmental Economics: Valuing environmental changesThe Economic Value of Natural and Environmental ResourceContingent ValuationEnvironmental Policy BenefitsValuing Environmental Benefits Using the Contingent Valuation MethodValuing Ecosystem ServicesHandbook of Environmental EconomicsSustainability in the Twenty-First CenturyValuing ForestsEconomic Valuation and the Natural World The book is meant to improve our understanding of sustainable development of production and consumption. Monetary values of the impact of emission and resources are determined, and used in environmental management, with a focus on sustainability. Values related to cultural context are not possible to predict, therefore ignored. The book only focuses on environmental goods and services that are used to satisfy basic human needs. One of the benefits of monetary valuation is its holistic approach. The impact of any contributing factor on the total value, can be determined, and the sensitivity to uncertainty in inputs can be estimated. This is useful in developing knowledge, where it is most needed. In a society, there are many economic units which need to function in tandem to support human welfare. Each unit has its own system boundary in what it includes and covers in time and space. The system boundary of a sustainable unit is likely to be very long and wide. This book provides data on long term monetary values of environmental impacts from human activities. It discusses the choice of system boundaries, and how to use monetary values in sustainable development. A large part of the book describes impact models in terms of the relation between emissions and natural goods and services. This book examines in detail the resource management problems and challenges posed by the intensification of the environmental change process in coastal areas around the globe. The analysis deployed is by and large buttressed by methods and techniques drawn from social science disciplines: economics, geography, and psychology. However, the overall approach adopted is multidisciplinary with additional contributions from the natural sciences and statistics. The key concept developed is that of ecosystem function value diversity and its management policy analogue, ecosystem integrity maintenance, and the consequent sustainable utilisation of coastal system assets. The functioning of healthy ecosystems generates a range of outputs which society values. The individual chapters analyse and evaluate a range of coastal and water resource functions across different temporal and spatial scales. the Natural Resources Damage Assessment (NRDA). The assessment, undertaken by the trustees (designated technical experts who act on behalf of the public and who are tasked with assessing the nature and extent of site-related contamination and impacts), requires: (1) quantifying the extent of damage; (2) developing, implementing, and monitoring restoration plans; and (3) seeking compensation for the costs of assessment and restoration from those deemed responsible for the injury. This interim report provides options for expanding the current effort to include the analysis of ecosystem services to help address the unprecedented scale of this spill in U.S. waters and the challenges it presents to those charged with undertaking the damage assessment.