Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.
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A Comprehensive Critique
Edited by Daniel McFadden and Kenneth Train
Edited by Giles Atkinson, Simon Dietz, Eric Neumayer and Matthew Agarwala
This timely and important Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be measured and achieved.
Early Experience and Future Prospects
Edited by John Quiggin, David Adamson and Daniel Quiggin
In 2012, Australia took the major step of introducing a carbon price, involving the creation of a system of emissions permits initially issued at a fixed price. Carbon Pricing brings together experts instrumental in the development, and operation, of Australia’s carbon policy who have played a significant role in the broader debate over climate change policy. Together they have achieved an in-depth analysis of Australia’s policy stance on pricing carbon and its implications for the wider economy.
A Developing Country Perspective
Edited by Pushpam Kumar and Ibrahim Thiaw
Using a selection of authoritative and original contributions, this timely book explores the uncertainty surrounding the impact of decisions undertaken to manage ecosystem services worldwide. Invariably, the policies designed and implemented to manage forests, wetlands, and marine and coastal environments often involve conflicts of interest between various stakeholders. This has added an additional layer of complexity in the context of developing countries where institutions and governance are weak or absent. Economic valuation and the subsequent design of innovative response tools such as payment for ecosystem services (PES) have the potential to offer far greater transparency. In the case of LDCs, the identification of suitable institutions for executing these tools is also of vital importance.
Studies in Modelling and Decision Support, Second Edition
Edited by M. A. Quaddus and M. A.B. Siddique
The thoroughly revised second edition of this authoritative Handbook, complete with new chapters, comprehensively examines the current status and future directions of model-based systems in decision support and their application to sustainable development planning.
Professor Mulley’s insightful research review serves to elucidate and facilitate our understanding of urban systems and their drivers. It provides a foundational understanding of the debates surrounding urban form and the ability of land use policy to deliver the preferred urban form. Professor Mulley has selected key published articles from disciplines at the interface of urban economics and transport economics. These are grouped together within a number of themes, beginning with the contribution of central place theories developed in the early twentieth century and ending with contemporary papers providing answers to current issues of cities.
Applying Stated Preferences in the Presence of Uncertainty
Sonia Akter and Jeff Bennett
Valuing Climate Change Mitigation discusses the role of uncertainty in valuing the benefits of climate change mitigation policies using contingent valuation and choice experiment techniques. It treats climate change using three dimensions of uncertainty: scenario, policy and preference. Conceptual frameworks are advanced to account simultaneously for these various dimensions of uncertainty. The authors then explore the impact of introducing these uncertainties into benefit estimates for the Australian Carbon Pollution Reduction Scheme.
Theory, Practise and Quality Assurance
Edited by Anneke von Raggamby and Frieder Rubik
This pathbreaking book contributes to the discourse of evidence-based policy-making. It does so by combining the two issues of policy evaluation and sustainable development linking both to the policy-cycle.
A Choice Modelling Approach
Helen Scarborough and Jeff Bennett
Advancing the incorporation of equity preferences in policy analysis, this book demonstrates the application of choice modelling to the estimation of distributional weights suitable for inclusion in a cost–benefit analytical framework. A platform for discussion of the challenges and opportunities of this approach is presented in the form of a detailed case study designed to estimate community preferences for different intergenerational distributions. While the case study is focused on natural resource management and environmental policy, the conceptual and methodological advances illustrated by the authors are relevant and applicable to a wider array of policy deliberations.
A Comprehensive Bibliography and History
Richard T. Carson
This major reference work – the first of its kind – provides a comprehensive and authoritative introduction to the large and growing literature on contingent valuation. It includes entries on over 7,500 contingent valuation papers and studies from over 130 countries covering both the published and grey literatures.