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The measurement of environmental and resource values: theory and methods Freeman, A. Myrick

By: Material type: TextTextPublication details: Washington, D.C. Resources for the Future 2003Edition: 2nd edDescription: xviii, 491 pISBN:
  • 9781891853623
Subject(s): DDC classification:
  • 333.7
Summary: The premise of this award-winning book is that estimates of the economic values of environmental and natural resource services are essential tools for effective policymaking. Freeman presents a comprehensive, rigorous treatment of benefit measurement, providing an introduction to the principal methods and techniques of resource and environmental valuation for professional economists and graduate students who are not directly engaged in the field.Features of the new edition include a reworking of the chapter on stated preference methods of valuation and new sections on topics in the valuation of effects on human health, the valuation of ecosystem functions and services, benefits transfer, and combining stated preference and revealed preference data. It targets several of the important advances since 1993 and integrates them within the basic framework of the first edition. As a result, its accessibility is maintained and its relevance to current practice enhanced.
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The premise of this award-winning book is that estimates of the economic values of environmental and natural resource services are essential tools for effective policymaking. Freeman presents a comprehensive, rigorous treatment of benefit measurement, providing an introduction to the principal methods and techniques of resource and environmental valuation for professional economists and graduate students who are not directly engaged in the field.Features of the new edition include a reworking of the chapter on stated preference methods of valuation and new sections on topics in the valuation of effects on human health, the valuation of ecosystem functions and services, benefits transfer, and combining stated preference and revealed preference data. It targets several of the important advances since 1993 and integrates them within the basic framework of the first edition. As a result, its accessibility is maintained and its relevance to current practice enhanced.

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