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Five Studies on Non-Market Valuation Techniques, Volume III of Methods Development for Environmental Control Benefits Analysis
This volume presents analytical and empirical comparisons of two alternative techniques (hedonic pricing versus survey techniques) for the valuation of nonmarketed goods. Commmon objections about using survey approaches are survey bias, and issues with replication and validation. After an introductory chapter (Chapter 1), the report is divided into five papers or chapters. In the first paper (Chapter 2), the researchers evaluate the results of six recent experiments which have utilized the survey approach and find that survey techniques are consistent with demand theory. In the second paper (Chapter 3), the researchers compare survey results in the South Coast Air Quality basin with a hedonic property value study in order to validate results obtained and they determine that there was no bias in their survey results. In the third paper (Chapter 4), they discuss the advantages of the survey approach, especially in cases where the good valued is hypothetical and the market does not yet exist. The fourth paper (Chapter 5) reports the results of a cost/benefit study of on-road mobile emissions reductions in four counties (Los Angeles, San Bernadino, Riverside, and Orange) in Southern California. The benefits are calculated using housing value differentials attributed to air quality. In the last paper (Chapter 6), they report on some exploratory estimates of the effects of changes in air pollution levels on offered wage rates. They discuss whether this information can be used to generate a national benefit estimate and discuss using a survey to obtain visibility improvements to such a national estimate.
The report is available in this database, but has been divided into a number of separate files to facilitate downloading:
- File 1 contains the report's introductory material, Chapter 1 - Introduction, and Chapter 2 - Valuing Environmental Commodities: Some Recent Experiments.
1. Benefits Analysis
1. Benefits Analysis - Valuation
1. Benefits Analysis - Valuation - Stated Preference
1. Benefits Analysis - Valuation - Stated Preference - Contingent Valuation
1. Benefits Analysis - Valuation - Revealed Preference
1. Benefits Analysis - Valuation - Revealed Preference - Property Value
1. Benefits Analysis - Valuation - Revealed Preference - Wage DifferentialEnvironmental Media:
a. Air - Mobile Source
a. Air - Stationary Source
a. Air - TroposphericAuthors:
Brookshire, David S.
Crocker, Thomas D.
d'Arge, Ralph C.
Schulze, William D.
Thayer, Mark A.
Gerking, Shelby D.EPA Project Officer/ Manager:
Carlin, AlanGeographic Area:Study Purpose: Empirical Application, Methodology Development & EvaluationReport Series: Methods Development for Environmental Control Benefits Assessment
List of all reports in the Series:
- Participating Organizations
Wyoming, University of Address:
City: Laramie State: WY ZIP:
Environmental Protection Agency,
Office of Policy, Planning and Evaluation
City: Washington State: DC ZIP: 20460
- Report Details
FinalDate:Number of Pages: 158EPA #:
- How to Obtain Report
File 2 contains Chapter 3 - Valuing Public Goods: A Comparison of Survey and Hedonic Approaches, and Chapter 4 - The Advantages of Contingent Valuation Methods for Benefit-Cost Analysis.
File 3 contains Chapter 5 - An Examination of the Benefits and Costs of Mobile Source Control Consistent with Achievement of Ambient Standards in the South Coast Air Basin, and the majority of Chapter 6 - Effects of Air Pollution and other Environmental Variables on Offered Wages.
File 4 contains the remainder of Chapter 6.