Preference Data for Environmental Valuation: Combining revealed and stated approaches, edited by John Whitehead, Tim Haab, Professor and Chair of the Department of Agricultural, Environmental, and Development Economics (AEDE), and Ju-Chin Huang, was recently given an outstanding review in the September 2013 edition of the journal Marine Resource Economics.
The review was conducted by Daniel V. Gordon, Professor and Head of the Department of Economics at the University of Calgary and Professor in the Department of Industrial Economics at the University of Stavanger.
The book, which was published in 2011 by Routledge as part of their series “Explorations in Environmental Economics”, aims to provide the field with an analysis of a variety of non-market valuation methods. As Dr. Gordon notes in his review: “Today, contingent valuation techniques are a standard tool for economists working in many areas including public goods, environmental economics, fisheries economics, and the retail housing market, to name a few. This book brings the reader up to date with the current major focus of research on combining both stated and reveled preference data to improve econometric efficiency in parameter estimation and provide a more complete characterization of the utility function.”
The publication is a compilation of material from 22 well-regarded researchers working in the field of contingent valuation, which uses survey results to place values on non-market resources. Dr. Gordon takes notice of the outstanding job the editors did in commissioning, compiling and editing material for the publication: “The editors are to be commended for the structure, organization, and consistency across papers to the general research theme of the book. All economists should read at least the first section on modeling and measurement, but for environmental economists this book is a must for both research and teaching. A good read.”
Dr. Haab is also one of the book’s 22 contributors with a paper focusing on econometric and measurement issues and a paper focusing on issues in survey design and analysis.
Preference Data for Environmental Valuation: Combining revealed and stated approaches can be purchased here.
September 26, 2013