Pricing Nature: Cost-Benefit Analysis and Environmental Policy

✍ Scribed by Nick Hanley, Edward B. Barbier

Year: 2009
Tongue: English
Leaves: 360
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

Cost-Benefit Analysis (CBA) is one of the most useful tools of applied economics for the social appraisal of public projects and government policies. Nick Hanley and Edward Barbier show how CBA can be applied to environmental policy choice and environmental resource management. They cover the conceptual underpinnings of CBA, practical methods for applying CBA, and a wide range of case study applications from Europe, North America and developing countries. Issues such as the value of ecosystem services and the special problems posed for CBA by environmental management are brought into close focus. The textbook is aimed at students on inter-disciplinary courses as well as those studying environmental economics, welfare economics and public policy. It will also be of interest to people in the policy community, NGOs and consultancy sectors.

✦ Table of Contents

Copyright......Page 5
Contents......Page 6
Acknowledgements......Page 7
1. Introduction......Page 8
PART I The tools......Page 20
2. The theoretical foundations of CBA......Page 22
3. Stated preference approaches to environmental valuation......Page 51
4. Revealed preference methods (1): the travel cost model......Page 86
5. Revealed preference methods (2): hedonic pricing......Page 105
6. Valuing the environment: production function approaches......Page 123
7. Discounting and the discount rate......Page 149
8. CBA in developing countries: what’s different?......Page 174
PART II Case studies......Page 210
9. Valuing ecosystem services......Page 212
10. Costs and benefits of water quality improvements......Page 245
11. Valuing habitat protection......Page 272
12. Cost–benefit analysis and renewable energy......Page 291
13. The strengths and weaknesses of environmental CBA......Page 314
Index......Page 342

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