A Primer on Nonmarket Valuation

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.

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Patricia A. Champ Kevin J. Boyle Thomas C. Brown Editors

A Primer on Nonmarket Valuation Second Edition

The Economics of Non-Market Goods and Resources Volume 13

Series editor I.J. Bateman, School of Environmental Sciences, University of East Anglia, Norwich, UK

More information about this series at http://www.springer.com/series/5919

Patricia A. Champ Kevin J. Boyle Thomas C. Brown •

Editors

A Primer on Nonmarket Valuation Second Edition

123

Editors Patricia A. Champ U.S. Forest Service, Rocky Mountain Research Station Fort Collins, CO USA

Thomas C. Brown U.S. Forest Service, Rocky Mountain Research Station Fort Collins, CO USA

Kevin J. Boyle Virginia Tech Blacksburg, VA USA

ISSN 1571-487X The Economics of Non-Market Goods and Resources ISBN 978-94-007-7103-1 ISBN 978-94-007-7104-8 DOI 10.1007/978-94-007-7104-8

(eBook)

Library of Congress Control Number: 2016958973 © Springer Science+Business Media B.V. (outside the USA) 2003, 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Science+Business Media B.V. The registered company address is: Van Godewijckstraat 30, 3311 GX Dordrecht, The Netherlands

Contents

1

Valuing Environmental Goods and Services: An Economic Perspective . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kathleen Segerson

1

2

Conceptual Framework for Nonmarket Valuation . . . . . . . . . . . . . . Nicholas E. Flores

27

3

Collecting Nonmarket Valuation Data . . . . . . . . . . . . . . . . . . . . . . . . Patricia A. Champ

55

4

Contingent Valuation in Practice . . . . . . . . . . . . . . . . . . . . . . . . . . . . Kevin J. Boyle

83

5

Choice Experiments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133 Thomas P. Holmes, Wiktor L. Adamowicz and Fredrik Carlsson

6

Travel Cost Models . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .