Abstract

http://ssrn.com/abstract=594424
 
 

References (74)



 


 



On the Leading Approaches to Valuation of Environmental Goods and Services


Sudhanshu K. Mishra


North-Eastern Hill University (NEHU)



Abstract:     
The objective of this paper is to discuss various methods that are applied to find a pecuniary measure of the worth of environmental goods and services and evaluate them on the principles of institutional economics. Approaches to pecuniary valuation based on revealed, imputed and expressed willingness to pay that encompass (i) the market price method, (ii) the productivity method, (iii) the hedonic pricing Method, (iv) the travel cost method, (v) the damage cost avoided method, (vi) the replacement cost method, (vii) the substitute cost method, (viii) the contingent valuation method (ix) the contingent choice method, etc. have been discussed.

Number of Pages in PDF File: 15

Keywords: Valuation, environmental goods and services, pecuniary, non-pecuniary, revealed, imputed, expressed willingness to pay, market price, productivity, hedonic pricing, travel cost, damage cost, replacement cost, substitute cost, contingent valuation, contingent choice, institutional economics

JEL Classification: H41, O13, Q20, Q26, Q30

working papers series


Download This Paper

Date posted: September 23, 2004  

Suggested Citation

Mishra, Sudhanshu K., On the Leading Approaches to Valuation of Environmental Goods and Services. Available at SSRN: http://ssrn.com/abstract=594424 or http://dx.doi.org/10.2139/ssrn.594424

Contact Information

Sudhanshu K. Mishra (Contact Author)
North-Eastern Hill University (NEHU) ( email )
NEHU Campus
Shillong, 793022
India
03642550102 (Phone)
HOME PAGE: http://www.nehu-economics.info
Feedback to SSRN


Paper statistics
Abstract Views: 1,635
Downloads: 288
Download Rank: 57,192
References:  74

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.469 seconds