The theory and practice of measuring consumer demand for environmental quality is comprehensively and practically reviewed in this book. It was perceived that there was a significant need for a book that was both theoretically rigorous yet could address the question of how to actually measure this demand. The volume is divided into two sections. The first section develops theoretical tools and covers the principal methods for measuring demand for environmental goods. The second part of the book is concerned with implementing theory for specific classes of environmental effects.
... highly recommendable to researchers and to students of economics with a solid microeconomic background. Journal of Economics
Part I: Theory and Methods. Introduction (J.B. Braden, C.D. Kolstad and D. Miltz). Environmental Demand Theory (C.D. Kolstad and J.B. Braden). Household Production Functions and Environmental Benefit Estimation (V.K. Smith). Hedonic Methods (R.B. Palmquist). Constructed Markets (R.T. Carson). Part II: Methods for Valuing Classes of Environmental Effects. Environmental Health Effects (M.L. Cropper and A.M. Freeman III). Aesthetics (P.E. Graves). Recreation (N.E. Bockstael, K.E. McConnell and I. Strand). Materials Damages (R.M. Adams and T.D. Crocker). Total and Nonuse Values (A. Randall). Summary and Conclusions (J.B. Braden and C.D. Kolstad). Bibliography. Author Index. Subject Index.