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The foundations of economic valuation

In: Economic Valuation with Stated Preference Techniques

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Abstract

This manual offers a detailed, up-to-date explanation of how to carry out economic valuation using stated preference techniques. It is relevant for the application of these techniques to all non-market goods and services including air and water quality; provision of public open space; health 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.

Suggested Citation

  • ., 2002. "The foundations of economic valuation," Chapters, in: Economic Valuation with Stated Preference Techniques, chapter 1, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:2639_1
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    Cited by:

    1. Dreyer, Mallory, 2021. "The Resolution and Collection Corporation of Japan," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 3(2), pages 410-449, April.

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    Keywords

    Economics and Finance; Environment;

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