Tag Archives: contingent valuation

An Unnecessary Book on Environmental Economics?

In the internet age, a collection of fine articles may not make a worthwhile book. Edward Elgar Publishing have recently published a seventh edition of Economics of the Environment: Selected Readings (1), a collection of 34 articles on a wide … Continue reading

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A Valuation Case Study: the Great Barrier Reef

A valuation of the Great Barrier Reef illustrates many common issues in the economics of environmental valuation. A recent report by Deloitte Access Economics (1) estimates the asset value of the Great Barrier Reef at A$56 billion (2).  This is … Continue reading

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The Role of Contingent Valuation

Contingent valuation is sometimes presented as applicable to any environmental good, unlike other valuation methods which can be used only in particular circumstances.  Recent thinking suggests a narrower role. A symposium in the Journal of Economic Perspectives (1) offers three … Continue reading

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