The Contingent Valuation of Natural Parks: Assessing the Warmglow Propensity Factor - Couverture rigide

Nunes, Paulo A.L.D.

 
9781840649451: The Contingent Valuation of Natural Parks: Assessing the Warmglow Propensity Factor
Couverture rigide
ISBN 10 : 1840649453 ISBN 13 : 9781840649451
Editeur : Edward Elgar Publishing Ltd, 2002

Synopsis

The contingent valuation technique for measuring the economic value of environmental goods and services has become increasingly popular in recent years and has many advantages over other revealed or stated preference methods. It has been criticised, however, for being inconsistent with economic theory by reflecting altruistic motives and moral obligations. This book examines the role of the 'warmglow' effect (the pleasure derived from giving to good causes or being concerned about the environment) in contingent valuation studies and examines whether warmglow is an underlying force in CV responses.

The author argues that if the empirical evidence suggests that warmglow is important, then its magnitude needs to be assessed in the valuation function. The ultimate goal is to disentangle the warmglow effect from the original 'willingness-to-pay' mean estimates and compute a dry estimate, free from any warmglow. The author conducts a CV application in a Portuguese natural park to test the validity of this approach. He tests the premise that the financial contribution by itself constitutes a source of well-being to the respondent and also discusses whether the warm glow component should or should not be included when formulating benefit-cost analysis and environmental policy.

This innovative book will be essential reading to all students and scholars of the economics of environmental valuation.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Paulo A.L.D. Nunes, Global Manager and Coordinator, Ecosystems Economics Unit, United Nations Environment Programme, Kenya

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Edward Elgar Publishing Ltd
Date d'édition
2002
Langue
anglais
ISBN 10 
1840649453
ISBN 13 
9781840649451
Reliure
Relié
Nombre de pages
288
Coordonnées du fabricant
non disponible
Personne responsable
non disponible