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The Economic Valuation Of The Environment And Public Policy. a Hedonic Approach.

The Economic Valuation Of The Environment And Public Policy. a Hedonic Approach.

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  • ISBN:9781843761686
  • Editorial: Edward Elgar
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:167
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I appreciate this books blend between theory and applications. It contains an informative review of the development of the theory of the hedonic price technique as well as an insightful analysis of the econometrics of the approach. Noboru Hidano has a gift for breaking down the difficult theoretical and econometric problems into simple and manageable proportions.
- Per-Olov Johansson, Stockholm School of Economics, Sweden

The importance of the hedonic valuation approach in public policy evaluation and environmental value estimation is now widely accepted. This book is especially designed to illustrate the basic assumptions of the hedonic approach and highlight the strengths and weaknesses associated with it. Combining rigorous theoretical analysis, detailed empirical studies and an extensive history of hedonic valuation, the book is both a good introductory text to the field and a precise yet comprehensive aid for professionals and practitioners alike.

Contents: Preface 1. Introduction 2. The Hedonic Approach 3. Theory of Capitalization Hypothesis 4. Hedonic Measure as an Approximation of Benefit 5. Empirical Examination of the Accuracy of the Hedonic Approach 6. Comparison with Contingent Valuation Method 7. Estimation of Hedonic Price Function 8. Hedonic Price Method in Estimating the Value of Environment and Institutional Regulation 9. Environmental Cost-Benefit Analysis Using the Hedonic Price Method 10. Concluding Remarks Appendices References Index

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