Estimating economic values for nature
Subtitle: methods for non-market valuation
By: V. Kerry Smith.
Series: New horizons in environmental economics
Publisher: Edward Elgar
Published: 1996
Place of publication: Cheltenham, U.K; Brookfield, Vt
Language: eng
Number of pages: 605
Subjects: Natural resources -- Valuation -- United States -- Mathematical models.; Environmental auditing -- United States -- Mathematical models.; Outdoor recreation -- Economic aspects -- United States -- Mathematical models.
Description: "Estimating Economic Values for Nature presents, in one volume, a collection of V. Kerry Smith's papers prepared over 25 years dealing with the theory and practice of non-market valuation for environmental resources.".

"Taken together, the papers explore the conceptual basis, the implementation process and empirical performance of all available methods of measuring economic values for the services of nature and how these values are constructed from people's choices. The issues discussed in this volume include travel cost recreation demand, averting behaviour, household production, hedonic property value, hedonic wage and contingent valuation methods.

These essays describe what has been learned from past benefit analysis, using meta-analysis, as well as the issues at the frontier of current research in the area." "This important volume will be welcomed by environmental and public economists, as well as practitioners of cost-benefit analysis, as an authoritative and comprehensive discussion of non-market valuation."--BOOK JACKET.
Notes: Includes bibliographical references and index.