Economic Valuation with Stated Preference Techniques: A Manual
This manual offers a detailed, contemporary explanation of how to carry out economic valuation using stated preference techniques. It is relavent for the application of these techniques to all non-market goods and services including air and water quality; provision of public open space; h ealth care that is not sold through private markets; risk reduction policies and investments not provided privately; provision of information as with the recorded heritage, the protection of cultural assets and so on. The resulting valuations can be used for a number of purposes including, but not limited to, demonstrating the importance of a good or service; cost-benefit analysis; setting priorities for environmental policy; design of economic instruments; green national/corporate accounting and natural resource damage assessment.
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STATED PREFERENCE TECHNIQUES
The foundations of economic valuation
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actual aggregation alternative amount analysis answer approach asked assessment assumed assumption attributes benefits bid function calculated cent Chapter characteristics choice concern consider context contingent cost defined described determined discussed distribution economic effects elicitation environmental equation estimates example expected Figure format function gain give given groups higher household impacts important income increase individual interest interval interviewer involves issue less lower mean measure median method Note object observing option parameters particular payment population positive possible preference presented probability problem procedure questionnaire questions random ranking reason relatively relevant reported representative respondents risk sample scale scenario selected simple standard statistical survey survivor function Table techniques theory tion transfer utility validity valuation variable zero