ECONOMIC VALUATION OF ENVIRONMENTAL GOODS AND LANDSCAPE
Academic Year 2016/2017 - 2° YearLearning Objectives
To supply conceptual and practical skills to assign sound economic value to non-market environmental goods, ecosystems services, and landscape.
Detailed Course Content
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Goals of economic valuation. Public goods. Principles of welfare economics. The Total Economic Value paradigm. General overview of economic valuation methods. Valuation methods based on revealed preferences: the travel cost method (single sites and multiple sites approaches). The hedonic price method. The defensive behavior and damage cost method. Valuation methods based on stated preferences: contingent valuation and choice experiments. Secondary methods: the Benefit Transfer approach. The environmental damage estimates in the European courts. The Equivalence Analysis. Examination of selected valuation case-studies. |
Textbook Information
Boyle K.J., Brown T.C., Champ P.A. (eds.), A Primer on Nonmarket Valuation, Kluwer Academic Publishers, Dordrecht, 2003
Freeman A. M. III, Herriges J. A., and Kling C., The Measurement of Environmental and Resource Values, 3rd ed., RFF Press, Washington D.C., 2014
Signorello G. (ed.), Reading on environmental valuation, Università di Catania