Cost-Benefit Analysis

Cost-Benefit Analysis

Author: Tevfik F. Nas

Publisher: Lexington Books

Published: 2016-07-29

Total Pages: 253

ISBN-13: 1498522513

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Drawing on the principles of welfare economics and public finance, this second edition of Cost-Benefit Analysis: Theory and Application provides the theoretical foundation for a general framework within which costs and benefits are identified and assessed from a societal perspective. With a thorough coverage of cost-benefit concepts and their underlying theory, the volumecarries the reader through the steps of a typical evaluation process, including the identification, measurement, and comparison of costs and benefits, and project selection. Topics include alternative measures of welfare change, such as the concepts of consumer surplus and compensating and equivalent variation measures, shadow pricing, nonmarket valuation techniques of contingent valuation and discrete choice experiment, perspectives on what constitutes a theoretically acceptable discount rate, the social rate of time preference, income distribution, and much more. The book also focuses on real-world applications of cost-benefit analysis in two closely related areas—environment and health care—followed by an examination of the current state of the art in cost-benefit analysis as practiced by international agencies.


The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations

The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations

Author: Pushpam Kumar

Publisher: Routledge

Published: 2012-12-20

Total Pages: 455

ISBN-13: 1136538798

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Human well-being relies critically on ecosystem services provided by nature. Examples include water and air quality regulation, nutrient cycling and decomposition, plant pollination and flood control, all of which are dependent on biodiversity. They are predominantly public goods with limited or no markets and do not command any price in the conventional economic system, so their loss is often not detected and continues unaddressed and unabated. This in turn not only impacts human well-being, but also seriously undermines the sustainability of the economic system. It is against this background that TEEB: The Economics of Ecosystems and Biodiversity project was set up in 2007 and led by the United Nations Environment Programme to provide a comprehensive global assessment of economic aspects of these issues. This book, written by a team of international experts, represents the scientific state of the art, providing a comprehensive assessment of the fundamental ecological and economic principles of measuring and valuing ecosystem services and biodiversity, and showing how these can be mainstreamed into public policies. This volume and subsequent TEEB outputs will provide the authoritative knowledge and guidance to drive forward the biodiversity conservation agenda for the next decade.


Socioeconomic and Environmental Impacts on Agriculture in the New Europe

Socioeconomic and Environmental Impacts on Agriculture in the New Europe

Author: Serban Scrieciu

Publisher: Taylor & Francis

Published: 2011-03-13

Total Pages: 241

ISBN-13: 1136808795

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This book looks at agriculture and the environment, placed within the dynamic context of post-communist societal change and entry into the European Union (EU). Scrieciu explores developments in eleven Central and Eastern European (CEE) countries and argues for agriculture’s natural place in these societies. The history of these countries is significant in how it has shaped the institutions and influenced the outcomes. In many cases, during communism, agriculture was not considered a strategically. An ecological consciousness did not figure high on the agendas of authoritarian regimes. After 1990, some post-communist farm economies progressed slower than others, and environmental pressures mostly diminished with agricultural restructuring. In parts of CEE, increases in numbers of low-input small farms have resulted in some, though largely unintended, ecological benefits. A dual environmental challenge has nevertheless surfaced. On one hand, environmentally unsustainable practices have been attributed to some low-input farming. On the other hand, risks of farm over-intensification and resource overexploitation are on the rise. Also, environmental regulatory and institutional frameworks are not always effectively in place. EU membership is not creating the anticipated benefits for farm growth. There are a number of systemic structural barriers preventing many farmers from drawing on Common Agricultural Policy incentives and support. The presence of many vulnerable poor farms is clearly problematic, particularly economically. However, small-scale farms could be made more acceptable and profitable by ensuring EU policies acknowledge their value and by building institutions to support alternative farm growth strategies, aside from the traditional European model of individual corporate farm expansion. The voluntary uptake of grassroots rural cooperation and farm associations may represent such an alternative. Future European farm policy reforms need to reach the small and vulnerable, and better tackle issues of farm equity, poverty, and agricultural sustainability in the new Europe. This is a timely contribution as this type of "transition" has just begun. This book should be of use to students and researchers looking at agricultural and environmental economics, post-communist rural societal change, European integration and the Common Agricultural Policy.


Contingent Valuation

Contingent Valuation

Author: R. Carson

Publisher: Edward Elgar Publishing

Published: 2012-01-01

Total Pages: 464

ISBN-13: 085793628X

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This major reference work the first of its kind provides a comprehensive and authoritative introduction to the large and growing literature on contingent valuation. It includes entries on over 7,500 contingent valuation papers and studies from over 130 countries covering both the published and grey literatures. This book provides an interpretive historical account of the development of contingent valuation, the most commonly used approach to placing a value on goods not normally sold in the marketplace. The major fields catalogued here include culture, the environment, and health application. This bibliography is an ideal starting point for researchers wanting to find other studies that have valued goods or used techniques similar to those they are interested in. For those wanting to conduct meta analyses, the book will serve as an invaluable guide to source material. For those wanting to conduct meta analyses, the book will serve as an invaluable guide to source material. In addition to the print edition we offer access, for purchasers of the book, to a website providing the contents of as a searchable Word document and in a variety of standard bibliographic database forms. Contingent Valuation is an indispensable reference source for researchers, scholars and policymakers concerned with survey approaches to the problem of environmental valuation.


The Economics of Managing Crop Diversity On-farm

The Economics of Managing Crop Diversity On-farm

Author: Edilegnaw Wale

Publisher: Routledge

Published: 2012-06-25

Total Pages: 156

ISBN-13: 1136537686

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The purpose of this book is to assess a variety of economic issues as they relate to agro-biodiversity and show how addressing these issues can assist in agro-biodiversity policy-making. This is illustrated using empirical data from some of the countries (Ethiopia, Nepal and Zambia) which are part of the Genetic Resources Policy Initiative. The empirical chapters apply the relevant economic methods, including regression analysis, choice experiments, hedonic pricing, contingent valuation and farm business income analysis. The authors discuss the economics of managing crop diversity on-farm in the context of crop variety attribute preferences, farmers' perception of agro-biodiversity loss, and value addition and marketing of the products of traditional crop varieties. The case studies include detailed analysis of traditional varieties of groundnut, maize, rice, sorghum, and teff. The results are relevant not only to GRPI countries but also to other countries concerned with the sustainable utilization of these resources. Overall, the studies illustrate how genetic resources issues can be integrated into rural development interventions.


Valuing Ecosystem Services

Valuing Ecosystem Services

Author: K N Ninan

Publisher: Edward Elgar Publishing

Published: 2014-08-29

Total Pages: 460

ISBN-13: 1781955166

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This thought provoking book draws together prominent international authorities to discuss the key methodological issues and challenges in valuing ecosystem services. Covering a cross-section of ecosystems and services in different sites, countries and


Managing Biodiversity in Agricultural Ecosystems

Managing Biodiversity in Agricultural Ecosystems

Author: Devra Ivy Jarvis

Publisher: Columbia University Press

Published: 2007

Total Pages: 520

ISBN-13: 9780231136488

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Describes how farmers manage, maintain, and benefit from biodiversity in agricultural production systems. Includes the most recent research and developments in the maintenance of local diversity at the genetic, species, and ecosystem levels.