Revealed preference approaches for nonmarket valuation methods that inform environmental policy: Introducing best practices
Bateman, IJ; Kling, CL
Date: 19 August 2020
Article
Journal
Review of Environmental Economics and Policy
Publisher
Oxford University Press (OUP) / Association of Environmental and Resource Economists
Publisher DOI
Abstract
This article provides an introduction to the symposium on best practices for using revealed
preference methods for nonmarket valuation. Nonmarket valuation is an essential tool in the
benefit-cost analysis of environmental goods and services. Here we identify the role of benefitcost analysis in several key U.S. Executive Orders, U.K. ...
This article provides an introduction to the symposium on best practices for using revealed
preference methods for nonmarket valuation. Nonmarket valuation is an essential tool in the
benefit-cost analysis of environmental goods and services. Here we identify the role of benefitcost analysis in several key U.S. Executive Orders, U.K. appraisals, and E.U. Directives that
inform decision making concerning regulatory oversight. We describe the evolution of key
mandates over the last three decades and discuss some examples of how the analyses performed
under these mandates have impacted regulatory outcomes.
Economics
Faculty of Environment, Science and Economy
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