Preference Data for Environmental Valuation: Combining Revealed and Stated Approaches (Routledge Explorations in Environmental Economics)

The monetary valuation of environmental goods and services has evolved from a fringe field of study in the late 1970s and early 1980s to a primary focus of environmental economists over the past decade. Despite its rapid growth, practitioners of valuation techniques often find themselves defending their practices to both users of the results of applied studies and, perhaps more troubling, to other practitioners.One of the more heated threads of this internal debate over valuation techniques revolves around the types of data to use in performing a valuation study. In the infant years of the development of valuation techniques, two schools of thought emerged: the revealed preference school and the stated preference school, the latter of which is perhaps most associated with the contingent valuation method.In the midst of this heated debate an exciting new approach to non-market valuation was developed in the 1990s: a combination and joint estimation of revealed preference (RP) and stated preference (SP) data.This book provides a systematic, cohesive and in-depth discussion of the theory and methods of joint estimation, as well as showcasing recent developments in theory and methods of data combination and joint estimation via a set of original, state-of-the-art studies that are contributed by leading researchers in the field.Haab, Timothy C. is the author of 'Preference Data for Environmental Valuation: Combining Revealed and Stated Approaches (Routledge Explorations in Environmental Economics)', published 2010 under ISBN 9780415774642 and ISBN 0415774640.