Economic Valuation of Ecosystem Services

Champ, Boyle and Brown (2014) is designed to be a reference book for individuals undertaking their first valuation study. It is accessible online from the University of Alberta Library. Several chapters of

Freeman, Herriges and Kling (2014) is a new edition of an award winning book that is an excellent source of theory and empirical methods

Bockstael, N.E. and K.E. McConnell. 2007. Environmental and Resource Valuation with Revealed Preferences. Dordrecht, The Netherlands: Springer

Freeman, A.M., J. Herriges and C.L. Kling. 2014. The Measurement of Environmental and Resource Values: Theory and Methods

Resources for the Future Press, Baltimore. (Third Edition)

Phaneuf, D. and T. Requate. 2017 A Course in Environmental Economics: Theory, Policy, Practice. Cambridge University Press

The following textbooks are also useful reference books. Hoyos et al, 2020. Environmental Valuation with Discrete Choice Experiments. Springer. (available for free download)

Haab, T.C. and K.E. McConnell. (2002). Valuing Environmental and Natural Resources. Edward Elgar

Hammitt (2013) Segerson in CBB (Chap 1) (2016) Bateman and Kling (2020) Freeman et al (2014, chap 1)

a. Welfare Economics Flores in CBB (Chap 2) (2014) Eom and Larson (2006)

Bishop and Boyle (2019)

Hammitt (2013) Plott and Zeiler (2005) Kling et al (2013) Levitt and List (2007a or b) Carlsson and Johanssen-Stenman (2012) Poe (2016)

Landry (in CBB) Chapter 10 (2014) Levitt and List (2007a or b) Lusk et al (2004)

Johnston et al (2017) Carson and Groves (2007, 2011)

Boyle (in CBB) Chapter 4 (2014) Haab and McConnell (2002,chap 2,3)

Johnston et al (2017) Bockstael and McConnell (2007, chap 5)

Holmes et al (in CBB) Chapter 5 (2014) Vossler et al (2012)

Module 6: Recreation Demand Models Valuation by Modelling Behaviour: Travel Cost Methods

Parsons (in CBB) Chapter 6 (2014) Timmins and Murdock (2007)

Taylor (in CBB) Chapter 7 (2014) Bockstael and McConnell (2007, chap 6)

Boyd and Banzhaf (2008) Vincent et al (2015)

Bateman, Ian J. and Catherine L. Kling. 2020. Revealed Preference Methods for Nonmarket Valuation: An Introduction to Best Practices. Review of Environmental Economics and Policy 2020 14:2, 240-259

Bishop, Kelly C., Nicolai V. Kuminoff, H. Spencer Banzhaf, Kevin J. Boyle, Kathrine von Gravenitz, Jaren C. Pope, V. Kerry Smith, and Christopher D. Timmins. Best Practices for Using Hedonic Property Value Models to Measure Willingness to Pay for Environmental Quality Review of Environmental Economics and Policy 2020 14:2, 260-281

Bishop, Richard C. and Kevin J. Boyle, 2019. "Reliability and Validity in Nonmarket Valuation," Environmental & Resource Economics. 72(2): 559-582, February

Boyd, J.; Banzhaf, H.S. What are ecosystem services? The need for standardized environmental accounting units. Ecol. Econ. 2007, 63, 616–626

Carlsson, F. and O. Johanssen- Stenman. 2012. Behavioral Economics and Environmental Policy. Annu. Rev. Resour. Econ. 2012. 4:7.1–7.25

Carson, R. T. and T. Groves (2007). Incentive and informational properties of preference questions. Environmental and Resource Economics 37 (1), 181-210

Carson, R. T. and T. Groves (2011). Incentive and information properties of preference questions: commentary and extensions. In The International Handbook on Non-Market Environmental Valuation. Edward Elgar Publishing

Champ, P., K. Boyle and T. Brown (editors). 2014. A Primer on Nonmarket Valuation. Kluwer. This volume is referred to as CBB in the syllabus below. (Second Edition) Eom, Y-S and D. Larson. 2006. Improving environmental valuation estimates through consistent use of revealed and stated preference information. Journal of Environmental Economics and Management. 52: 501-516

Evans, Mary F. and Laura O. Taylor. 2020. Using Revealed Preference Methods to Estimate the Value of Reduced Mortality Risk: Best Practice Recommendations for the Hedonic Wage Model. Review of Environmental Economics and Policy 2020 14:2, 282-301

Grafton, Q., W.L. Adamowicz, D. Dupont, H. Nelson, R. Hill and S. Renzetti. 2003. The Economics of the Environment and Natural

Champ, Boyle and Brown (2014) is designed to be a reference book for individuals undertaking their first valuation study. It is accessible online from the University of Alberta Library. Several chapters of

Bockstael, N.E. and K.E. McConnell. 2007. Environmental and Resource Valuation with Revealed Preferences. Dordrecht, The Netherlands: Springer

Freeman, A.M., J. Herriges and C.L. Kling. 2014. The Measurement of Environmental and Resource Values: Theory and Methods

Resources for the Future Press, Baltimore. (Third Edition)

Phaneuf, D. and T. Requate. 2017 A Course in Environmental Economics: Theory, Policy, Practice. Cambridge University Press

Haab, T.C. and K.E. McConnell. (2002). Valuing Environmental and Natural Resources. Edward Elgar

Kanninen, B.J. editor (2007). Valuing environmental amenities using stated choice studies. Springer

Louviere, J., D. Hensher and J. Swait. (2000). Stated Choice Methods: Analysis and Applications in Marketing, Transportation and Environmental Valuation

Grafton, Q., W.L. Adamowicz, D. Dupont, H. Nelson, R. Hill and S. Renzetti. 2003. The Economics of the Environment and Natural

Boyd, J.; Banzhaf, H.S. What are ecosystem services? The need for standardized environmental accounting units. Ecol. Econ. 2007, 63, 616–626

Carlsson, F. and O. Johanssen- Stenman. 2012. Behavioral Economics and Environmental Policy. Annu. Rev. Resour. Econ. 2012. 4:7.1–7.25

Carson, R. T. and T. Groves (2007). Incentive and informational properties of preference questions. Environmental and Resource Economics 37 (1), 181-210

Carson, R. T. and T. Groves (2011). Incentive and information properties of preference questions: commentary and extensions. In The International Handbook on Non-Market Environmental Valuation. Edward Elgar Publishing

Champ, P., K. Boyle and T. Brown (editors). 2014. A Primer on Nonmarket Valuation. Kluwer. This volume is referred to as CBB in the syllabus below. (Second Edition) Eom, Y-S and D. Larson. 2006. Improving environmental valuation estimates through consistent use of revealed and stated preference information. Journal of Environmental Economics and Management. 52: 501-516