By Patricia A. Champ, Kevin J. Boyle, Thomas C. Brown

This is a pragmatic booklet with transparent descriptions of the main prevalent nonmarket equipment. the 1st chapters of the e-book give you the context and theoretical starting place of nonmarket valuation besides a dialogue of information assortment tactics. the center chapters describe the main said- and revealed-preference valuation equipment. for every technique, the stairs interested by implementation are laid out and punctiliously defined with aiding references from the broadcast literature. the ultimate chapters of the e-book research the relevance of experimentation to monetary valuation, the move of current nonmarket values to new settings, and exams of the reliability and validity of nonmarket values.
The e-book is proper to members in lots of professions in any respect occupation degrees. pros in govt organizations, lawyers concerned with normal source harm exams, graduate scholars, and others will enjoy the thorough descriptions of the way to layout, enforce, and study a nonmarket valuation examine.

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The issues discussed in this chapter are relevant to a variety of valuation methods and serve as additional background (along with the theory in Chap. 2) for the discussion of specific methods in the chapters that follow. These include both stated preference methods (Chaps. 4 and 5) and revealed preference methods (Chaps. 6 through 9). For each method, both fundamentals and recent advances are discussed. While Chaps. 4 through 9 focus on specific methods, Chaps. 10 and 11 address more broadly the use of experiments as part of a valuation exercise (Chap.

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