Handbook of Environmental Economics: Valuing Environmental by Karl-Göran Mäler,Jeffrey R. Vincent

By Karl-Göran Mäler,Jeffrey R. Vincent

a lot utilized environmental economics is worried with the valuation of alterations in environmental caliber. acquiring trustworthy valuation estimates calls for cognizance to theoretical and econometric concerns which are usually particularly sophisticated. quantity 2 of the guide of Environmental Economics provides either the speculation and the perform of environmental valuation. It synthesizes the substantial literature that has gathered because the ebook of the guide of usual source and effort Economics twenty years in the past. It contains chapters on person valuation equipment written by means of researchers liable for basic advances in these tools. it's also cross-cutting chapters that take care of elements of welfare thought, uncertainty, experimental tools, and public future health which are pertinent to valuation. through the quantity, consciousness is paid to investigate and coverage matters that come up not just in high-income international locations, the place many of the idea and econometrics that underlie utilized valuation equipment were constructed, but additionally in poorer elements of the area. the amount offers a cutting-edge reference for students and practitioners alike.

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