Contingent Valuation of Nonmarket Benefits in Project Economic Analysis

Contingent Valuation of Nonmarket Benefits in Project Economic Analysis PDF

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2021-12-01

Total Pages: 188

ISBN-13: 9292692763

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Investment projects are increasingly designed to provide multiple benefits. Some of these benefits are easily quantified through market-valuation methods while others are measured for their nonmarket values. The contingent valuation method (CVM) is one of the most widely used techniques to quantify and value benefits from nonmarket goods and services, such as improvement in air and water quality, and protection of ecosystems. This reference book provides a comprehensive guide to CVM. It aims to help improve future CVM studies and estimation of willingness to pay to inform economic analysis at the Asian Development Bank and beyond.

Contingent Valuation of Nonmarket Benefits in Project Economic Analysis

Contingent Valuation of Nonmarket Benefits in Project Economic Analysis PDF

Author: Asian Development Bank

Publisher:

Published: 2021-12-27

Total Pages: 206

ISBN-13: 9789292692759

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This guide explains how to measure people's willingness to pay for goods and services, such as improved air quality, that are not traded in a market. It aims to help improve the assessment of potential investment projects. Accounting for the value of nonmarket benefits and costs is an essential part of project economic analysis. The contingent valuation method (CVM) is a stated preference approach used in many areas of public policy, including water supply and sanitation, health, tourism, and cultural heritage. This book aims to support practitioners who are engaged to prepare and implement CVM studies as part of investment appraisal.

A Primer on Nonmarket Valuation

A Primer on Nonmarket Valuation PDF

Author: Patricia A. Champ

Publisher: Springer

Published: 2017-02-08

Total Pages: 508

ISBN-13: 9400771045

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This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values. The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.

Valuing Ecosystem Services

Valuing Ecosystem Services PDF

Author: National Research Council

Publisher: National Academies Press

Published: 2005-05-14

Total Pages: 291

ISBN-13: 030909318X

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Nutrient recycling, habitat for plants and animals, flood control, and water supply are among the many beneficial services provided by aquatic ecosystems. In making decisions about human activities, such as draining a wetland for a housing development, it is essential to consider both the value of the development and the value of the ecosystem services that could be lost. Despite a growing recognition of the importance of ecosystem services, their value is often overlooked in environmental decision-making. This report identifies methods for assigning economic value to ecosystem servicesâ€"even intangible onesâ€"and calls for greater collaboration between ecologists and economists in such efforts.

Perspectives on Biodiversity

Perspectives on Biodiversity PDF

Author: National Research Council

Publisher: National Academies Press

Published: 1999-10-01

Total Pages: 166

ISBN-13: 030906581X

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Resource-management decisions, especially in the area of protecting and maintaining biodiversity, are usually incremental, limited in time by the ability to forecast conditions and human needs, and the result of tradeoffs between conservation and other management goals. The individual decisions may not have a major effect but can have a cumulative major effect. Perspectives on Biodiversity reviews current understanding of the value of biodiversity and the methods that are useful in assessing that value in particular circumstances. It recommends and details a list of components-including diversity of species, genetic variability within and among species, distribution of species across the ecosystem, the aesthetic satisfaction derived from diversity, and the duty to preserve and protect biodiversity. The book also recommends that more information about the role of biodiversity in sustaining natural resources be gathered and summarized in ways useful to managers. Acknowledging that decisions about biodiversity are necessarily qualitative and change over time because of the nonmarket nature of so many of the values, the committee recommends periodic reviews of management decisions.

Valuing Environmental Goods

Valuing Environmental Goods PDF

Author: Ronald G. Cummings

Publisher: Rowman & Littlefield Publishers

Published: 1986

Total Pages: 298

ISBN-13:

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To find more information about Rowman and Littlefield titles, please visit www.rowmanlittlefield.com.

Economic Valuation of River Systems

Economic Valuation of River Systems PDF

Author: Fredrick J. Hitzhusen

Publisher: Edward Elgar Publishing

Published: 2007

Total Pages: 233

ISBN-13: 1847208703

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. . . the book provides a wide variety of practical examples of economic assessments of river management projects. . . the book offers policy-makers a nice range of valuation case studies and practical and illustrative guidance on the use of economic valuation results in cost benefit analysis of river management. Marije Schaafsma, Environmental and Resource Economics It is rare to find a book that attempts to integrate physical, biological and social sciences (economics) to address environmental problems, but this book does a great job of it. It is also rare to find a book that addresses both the benefits and the costs of river restoration, and again this book delivers. This collection of case studies provides an informative and practical guide to conducting economic analyses of many different types of river restoration. Scientists interested in quantifying the benefits and costs of river restoration will gain a very quick and thorough education from the case studies presented in this book. John Loomis, Colorado State University, US The book applies benefit cost analysis and a wide array of non-market and distribution economic valuation methods in ecologic context to determine the pay-off and distribution impacts of various infrastructure and water quality improvements to eight river systems in the Great Lakes region of the US. The generally positive results have important implications for public policy and future research. Prime readership is the wide range of academics, NGO and government agency staff and citizen action groups concerned with the management and protection of rivers and other natural resource systems.

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