1 / 6

Upcoming in Class

Upcoming in Class. Group Quiz Thursday Homework #2 Due Next Thursday Exam #1 Next Thursday Writing Assignment Due Oct. 27th. Chapter 6 – (p. 106-114). Classify environmental values Discuss methods of valuation Stated vs. Revealed Preferences Using Cost/Benefit Analysis.

inigo
Download Presentation

Upcoming in Class

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Upcoming in Class Group Quiz Thursday Homework #2 Due Next Thursday Exam #1 Next Thursday Writing Assignment Due Oct. 27th

  2. Chapter 6 – (p. 106-114) • Classify environmental values • Discuss methods of valuation • Stated vs. Revealed Preferences • Using Cost/Benefit Analysis

  3. Environmental Values • Use value – the value that people place on the use of a good or service • Direct use value- the value one obtains by directly using a natural resource, such as visiting a national park • Indirect use value- ecosystem benefits not valued in markets, such as flood prevention or pollution absorption.

  4. Environmental Values • Non-use value- values people obtain without actually using a resource • Existence value- the value people place on the continued existence of a resource, such as the benefit of knowing acres of the rainforest have been preserved • Option value- the value people place on maintaining future resource use options • Bequest value-value people place on the knowledge that a resource will be available for future generations

  5. Methods to determine value • Revealed Preferences • Market price • Simulated market • Travel cost • Hedonic property values • Hedonic wage values • Avoidance expenditures • Stated Preferences • Contingent valuation • Attribute based models • Conjoint analysis • Choice experiments • Contingent ranking

  6. Upcoming in Class Homework #2 Due Next Thursday Exam #1 Next Thursday Writing Assignment Due Oct. 27th

More Related