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, and benefits transfer. It targets several of the important advances since 1993 and integrates them within the basic framework of the first edition. Rick Freeman maintains the accessibility of the first edition while enhancing its relevance to current practice. Scholars and policymakers will welcome the work as an up-to-date reference on recent developments. Students and general readers will gain a better understanding of the contribution that economics as a discipline can make to decisions about pollution control and human health, the recreational use of rivers and forests, urban amenities, and other critical issues concerning the way we use and interact with environmental and natural resource systems.
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Editorial Reviews
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'An exceptional update to an already respected text . . . it should be a standard text for graduate students in environmental policy or environmental economics. Highly recommended.' Choice
Review
"A valuable resource for anyone with some economics training who wants to learn about the theory behind environmental benefit estimation. It is a landmark in environmental economics." -- Glenn C. Blomquist, University of Kentucky, reviewing a previous edition or volume
"A thorough overview of the rapidly growing literature... achieves a degree of synthesis that is unparalleled anywhere else in the large non-market valuation literature." -- Land Economics, reviewing a previous edition or volume
"An extremely valuable tool for teaching a graduate-level course in environmental economics. One of the greatest strengths of the book is that it can take difficult concepts and present them in an accessible way." -- Raymond B. Palmquist, North Carolina State University, reviewing a previous edition or volume
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Inside This Book
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First Sentence:
Estimates of the economic values of environmental and resource services can be a useful part of the information base supporting environmental and resource management decisions. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
averting behavior model, exact welfare measurement, implicit price function, marginal implicit prices, hedonic property value model, hedonic travel cost model, hedonic price function, fair bet point, option price measures, restricted expenditure function, travel cost demand model, potential compensation test, nonuse values, compensating surplus measure, hedonic market, health production function, averting activities, recreation demand models, household production technology, resource service flows, mitigating behavior, social welfare judgement, mitigating activities, stated preference question, new price set Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Land Economics, Environmental Protection Agency, American Economic Review, Kerry Smith, United States, Agricultural Economics, Edward Elgar, Journal of Urban Economics, Roy's Identity, Clean Air Act, Michael Hanemann, Economic Inquiry, Grand Canyon, Kluwer Academic Publishers, Oxford University Press, University of Chicago Press, Water Resources, Welfare Evaluations, Conservation Reconsidered, Englewood Cliffs, Island Press, John Wiley, Journal of Public Economics, Robert Mendelsohn New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Estimates of the economic values of environmental and resource services can be a useful part of the information base supporting environmental and resource management decisions. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
averting behavior model, exact welfare measurement, implicit price function, marginal implicit prices, hedonic property value model, hedonic travel cost model, hedonic price function, fair bet point, option price measures, restricted expenditure function, travel cost demand model, potential compensation test, nonuse values, compensating surplus measure, hedonic market, health production function, averting activities, recreation demand models, household production technology, resource service flows, mitigating behavior, social welfare judgement, mitigating activities, stated preference question, new price set Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Land Economics, Environmental Protection Agency, American Economic Review, Kerry Smith, United States, Agricultural Economics, Edward Elgar, Journal of Urban Economics, Roy's Identity, Clean Air Act, Michael Hanemann, Economic Inquiry, Grand Canyon, Kluwer Academic Publishers, Oxford University Press, University of Chicago Press, Water Resources, Welfare Evaluations, Conservation Reconsidered, Englewood Cliffs, Island Press, John Wiley, Journal of Public Economics, Robert Mendelsohn New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 44
books:
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54
books
cite this book:
See all 54 books citing this book
- Valuing Recreation and The Environment by Joseph A. Herriges in Front Matter, page 450, and page 451
- The Benefits of Environmental Improvement (RFF Press) by Professor A. Myrick Freeman III in Front Matter (1), Front Matter (2), and Back Matter
- Cost-Benefit Analysis by Edward J. Mishan on page 93, and page 350
- Water Resources (Landmark Geography) by Robert Prosser on page 157, and page 449
- Valuing the Environment (Issues in Environmental Politics) by Raino Malnes on page 185, and page 294
See all 44 books this book cites
- Searching for Sustainability: Interdisciplinary Essays in the Philosophy of Conservation Biology (Cambridge Studies in Philosophy and Biology) by Bryan G. Norton on 5 pages
- A Primer on Nonmarket Valuation (The Economics of Non-Market Goods and Resources) by Patricia A. Champ on 4 pages
- Economic Losses From Marine Pollution A Handbook for Assessment by Douglas D. Ofiara on page 43, page 164, and page 194
- Regulating Chemical Accumulation in the Environment: The Integration of Toxicology and Economics in Environmental Policy-making by Timothy M. Swanson on page 69, and page 180
- Environmental Valuation: Interregional And Intraregional Perspectives (Urban Planning and Environment) (Urban Planning and Environment) by John I. Carruthers on page 143, and page 229
See all 54 books citing this book
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