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Contingent Valuation and Endangered Species
Methodological Issues and Applications. New Horizons in Environmental Economics Series
Contingent Valuation and Endangered Species provides a comprehensive and rigorous examination of the contingent valuation method as applied to the profound social problem of biodiversity conservation. The contingent valuation method allows the explicit identification and valuation of the non-use values of species in a way which has not been possible before. This new book offers a rigorous state-of-the-art evaluation of the theoretical and statistical issues central to the contingent valuation method as well as a hands-on account of the design, implementation and analysis of contingent valuation surveys of the benefits of species conservation. Contingent Valuation and Endangered Species includes a comprehensive account of efforts at endangered species protection in Australia and New Zealand as well as current developments in the United States. This comprehensive appraisal of the problems and economics of biodiversity conservation will be welcomed by researchers and practitioners as an explicit hands-on application of the contingent valuation method.
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What Reviewers Are Saying
'The main strength of the book is the fact that not one but ten sub-surveys were conducted... As a result, one can illustrate many of the important issues relating to contingent valuation techniques within a single study, a fact that has been appreciated by graduate students on courses where I have used the book.' -- Michael Burton, The Manchester School 'This book is more than merely the report of an empirical study. It outlines the welfare economic principles and theory of species conservation, willingness to pay versus willingness to accept compensation controversy, ordinal social welfare functions, paretianism and public choice in biodiversity policy, amongst other issues. The book reports an excellent piece of research.' -- K.G. Willis, Journal of Environmental Planning and Management '[The book] is likely to attract a wide (potentially larger) readership from those students (particularly research students), academic consultants, and decision makers who wish to understand and apply the method. As such the volume is to be highly recommended.' -- Ian Bateman, The Economic Journal