The Economic Theory and Measurement of Environmental Benefits

Per-Olov Johansson

doi:10.1017/CBO9780511628634

This book is an advanced text in welfare economics and its application to environmental economics. It provides, in the first chapters, a comprehensive survey of developments in the theory of measurement of welfare, and then applies this theory to environmental economics. The first part derives consumer surplus measures to be held in a timeless world. Throughout the emphasis is on the circumstances in which a money measure correctly reflects the underlying utility change. Four main cases are considered: unrationed private goods, rationed private goods, public goods or externalities, and discrete choices. Reviews of practical methodologies for the calculation of consumers' surplus for these classes of goods are also given. The second part looks at intertemporal issues. In particular, it derives comsumer faces risk and uncertainty. The book is intended for advanced courses in environmental and welfare economics, and as a reference work for those interested in the theory of measurement of welfare and its application to environmental economics.

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Contents

Frontmatter
pp i-iv
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Contents
pp v-viii
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Preface
pp ix-x
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1 - Introduction
pp 1-7
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2 - Some basic concepts
pp 8-21
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3 - The concept of consumer surplus
pp 22-40
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4 - Topics in the theory of consumer surplus measures
pp 41-55
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5 - Consumer surplus measures in quantity-constrained regimes
pp 56-71
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6 - Public goods and externalities in consumption
pp 72-92
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7 - How to overcome the problem of preference revelation; practical methodologies
pp 93-125
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8 - Discrete choice models and environmental benefits
pp 126-146
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9 - Consumer's surplus in an intertemporal context
pp 147-162
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10 - Welfare change measures in a risky world
pp 163-182
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11 - Money measures of the total value of environmental assets
pp 183-202
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Notes
pp 203-205
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Bibliography
pp 206-219
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Index
pp 220-223
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The Economic Theory and Measurement of Environmental Benefits

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Contents

Frontmatter
pp i-iv

Contents
pp v-viii

Preface
pp ix-x

1 - Introduction
pp 1-7

2 - Some basic concepts
pp 8-21

3 - The concept of consumer surplus
pp 22-40

4 - Topics in the theory of consumer surplus measures
pp 41-55

5 - Consumer surplus measures in quantity-constrained regimes
pp 56-71

6 - Public goods and externalities in consumption
pp 72-92

7 - How to overcome the problem of preference revelation; practical methodologies
pp 93-125

8 - Discrete choice models and environmental benefits
pp 126-146

9 - Consumer's surplus in an intertemporal context
pp 147-162

10 - Welfare change measures in a risky world
pp 163-182

11 - Money measures of the total value of environmental assets
pp 183-202

Notes
pp 203-205

Bibliography
pp 206-219

Index
pp 220-223

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The Economic Theory and Measurement of Environmental Benefits

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